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).
Appears in 5 contracts
Samples: Merger Agreement (Avalo Therapeutics, Inc.), Merger Agreement (Cerecor Inc.), Merger Agreement (Aevi Genomic Medicine, Inc.)
