Common use of Subchapter S Matters Clause in Contracts

Subchapter S Matters. If the Company is an "S" corporation, the Shareholders shall prepare, at their expense, the short period tax returns of the Company ending on the Closing Date. Such returns shall be provided for SEI's prior review and approval, which approval shall not be unreasonably withheld or delayed. The Shareholders shall file such returns on behalf of the Company as an "S" corporation for that short period. SEI shall make available any information in its or the Company's possession which is reasonably required by the Shareholders to complete such returns.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Service Experts Inc), Form of Stock Purchase Agreement (Service Experts Inc)

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Subchapter S Matters. If the Company is an "S" corporation, the Shareholders Company shall prepareprepare and file, at their its expense, the short period tax returns of the Company ending on the Closing Date. Such returns shall be provided for SEI's prior review and approval, which approval shall not be unreasonably withheld or delayed. The Shareholders Company shall file such returns on behalf of the Company as an "S" corporation for that short period. SEI shall make available any information in its or the Company's possession which is reasonably required by the Shareholders Company to complete such returnsreturns at no cost to the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Service Experts Inc), Combination Agreement (Service Experts Inc)

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Subchapter S Matters. If the Company is an "S" S corporation, the Shareholders Company shall prepareprepare and file, at their its expense, the short period tax returns of the Company ending on the Closing Date. Such returns shall be provided for SEI's prior review and approval, which approval shall not be unreasonably withheld or delayed. The Shareholders Company shall file such returns on behalf of the Company as an "S" S corporation for that short period. SEI shall make available any information in its or the Company's possession which is reasonably required by the Shareholders Company to complete such returnsreturns at no cost to the Company.

Appears in 1 contract

Samples: Combination Agreement (Service Experts Inc)

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