Common use of Substantial Understatement Penalty Clause in Contracts

Substantial Understatement Penalty. Company has disclosed on its federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code Section 6662.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Star Energy Corp), Stock Purchase Agreement (Dubrovskaya Olga Amuofyevna), Stock Purchase Agreement (American Vantage Companies)

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Substantial Understatement Penalty. Company The Corporation has disclosed on its federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code Section 6662.

Appears in 1 contract

Samples: Stock Purchase Agreement (Geokinetics Inc)

Substantial Understatement Penalty. The Company has disclosed on its federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code Section 6662.

Appears in 1 contract

Samples: Stock Purchase Agreement (Team Inc)

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Substantial Understatement Penalty. Company has disclosed on its federal income Tax Returns all material positions taken therein that could would otherwise be reasonably likely to give rise to a substantial understatement of federal income Tax within the meaning of Code Section 6662.

Appears in 1 contract

Samples: Stock Purchase Agreement (Esterline Technologies Corp)

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