Common use of Tax Deductions Clause in Contracts

Tax Deductions. All contributions, premiums or payments (including all employer contributions and, if applicable, employee salary reduction contributions) required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted or in the case of the current year will be deducted for income tax purposes and no such deduction has been challenged or disallowed by any Governmental or Regulatory Authority, and no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (MDC Partners Inc), Membership Interest Purchase Agreement (Sub-Urban Brands, Inc.), Membership Unit Purchase Agreement (MDC Partners Inc)

AutoNDA by SimpleDocs

Tax Deductions. All contributions, premiums or payments (including all employer contributions and, if applicable, all employee salary reduction contributions) required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted or in the case of the current year will be deducted for income tax purposes and no such deduction has been challenged or disallowed by any Governmental or Regulatory Authority, and no fact or event has occurred or condition exists which could give rise to any such challenge or disallowance.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Porch Group, Inc.), Asset Purchase Agreement (Majesco Entertainment Co)

Tax Deductions. All contributions, premiums or payments (including all employer contributions and, if applicable, employee salary reduction contributions) required to be made, paid or accrued with respect to any Plan have been made, paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted or in the case of the current year will be deducted for income tax purposes and no such deduction has been challenged or disallowed by any Governmental governmental or Regulatory Authorityregulatory authority, and no fact or event exists which could give rise to any such challenge or disallowance.

Appears in 1 contract

Samples: Asset Purchase Agreement (Versadial, Inc.)

AutoNDA by SimpleDocs

Tax Deductions. All contributions, premiums or payments (including all employer contributions and, if applicable, all employee salary reduction contributions) required to be made, made or paid or accrued with respect to any Plan have been made, made or paid or accrued on or before their due dates, including extensions thereof. All such contributions have been fully deducted or or, in the case of the current year year, will be deducted for income tax purposes purposes, and no such deduction has been challenged or disallowed by any Governmental or Regulatory Authority, and no fact or event has occurred or condition exists which could give rise to any such challenge or disallowance. All contributions, premiums or payments for any period ending on or before the Closing Date that are not due are properly accrued.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pdi Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!