Common use of Tax Delinquency Clause in Contracts

Tax Delinquency. Contractor must provide Notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the Notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each JBE may terminate its Participating Addendum Purchase Order immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below 8.4 (and each JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section 7.2 below8.4) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section section 7.2 below (and each JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section section 7.2 below) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 8.2 below (and each JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section 7.2 8.2 below) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.

Tax Delinquency. Contractor must provide Notice notice to the PARTICIPATING JBEs immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The Establishing ESTABLISHING JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each PARTICIPATING JBE may terminate its Participating Addendum immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the Notice notice required above, or (ii) Contractor is included on either list mentioned above.