Tax Accruals Sample Clauses

Tax Accruals. The amount of the Company’s and its Subsidiaries’ liability for unpaid Taxes for all periods following the end of the recent period covered by the Company Balance Sheet will not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) as adjusted for the passage of time in accordance with the past custom and practice of the Company and its Subsidiaries (and which accruals will not exceed comparable amounts incurred in similar periods in prior years).
AutoNDA by SimpleDocs
Tax Accruals. The amount of the liability of the Company and its Subsidiaries for unpaid Taxes for all taxable periods ending on or before the date of the Interim Balance Sheet does not, in the aggregate, exceed the amount of the current liability accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Interim Balance Sheet. The amount of the liability of the Company and its Subsidiaries for unpaid Taxes for all taxable periods (or portions thereof) ending on or before the Closing Date will not, in the aggregate, exceed the amount of the current liability accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Interim Balance Sheet, as adjusted for operations and transactions in the ordinary course of their respective businesses since the date of the Interim Balance Sheet in accordance with past custom and practice.
Tax Accruals. All other taxes and other assessments and levies which the Company is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Company for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of January 31, 1999 are duly reflected in the balance sheet of the Company as of said date.
Tax Accruals. Except for the unpaid payroll taxes due the IRS and any sums which have been or are assess as a result of the Audit, all other taxes and other assessments and levies which the company 8s required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Company for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of August 31, 1998 are duly reflected in the balance sheet of the company as of said date.
Tax Accruals. The liability for Taxes of the Company and its Subsidiaries (i) as of the Balance Sheet date did not exceed the accrued liability for Taxes of the Company and its Subsidiaries (not including any accrual for Taxes with respect to timing differences between book and Tax income) on the Balance Sheet, and (ii) as of the Closing Date do not exceed such accrued liability for Taxes as adjusted through the Closing Date in accordance with past custom and practice.
Tax Accruals. All other taxes and other assessments and levies which the Buyer is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Buyer for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of June 30, 2001 are duly reflected in the balance sheet of the Buyer as of said date and as of the date of Closing.
Tax Accruals. All other taxes and other assessments and levies, if any, which Acquiror is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by Acquiror for such payment and all such withholding and collections and all other payments due in connection therewith as of the tax period therefor most recently ended are duly reflected in Acquiror's books and records.
AutoNDA by SimpleDocs
Tax Accruals. The Unaudited Interim Balance Sheet fully accrues all actual and contingent liabilities for Taxes with respect to all periods through the date of this Agreement in accordance with JGAAP, except for liabilities for Taxes incurred since the date of the Unaudited Interim Balance Sheet in the operation of the business of the Company.
Tax Accruals. The amount of the Bear Paw Entities' liability for unpaid Entity Level Taxes reflected on the Year-End Financial Statements at December 31, 2000 did not, in the aggregate, exceed the amount of the liability for Taxes required to be reflected in consolidated financial statements of the Bear Paw Entities as of December 31, 2000 prepared in accordance with GAAP.
Tax Accruals. The Financial Statements fully accrues all actual and contingent liabilities for Taxes with respect to the period of the Financial Statements in accordance with GAAP. The Company has established, consistent with its past practices, reserves adequate for the payment of all Taxes for the period from the date of the Audited Financial Statements through the Closing Date.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!