Common use of Tax Delinquency Clause in Contracts

Tax Delinquency. Contractor must provide notice to the Participating Entity’s 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 Judicial Council may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each Participating Entity may terminate its Participating Agreement immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the notice required above, or

Tax Delinquency. Contractor must provide notice to the Participating Entity’s JUDICIAL COUNCIL OF CALIFORNIA 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 Judicial Council JUDICIAL COUNCIL OF CALIFORNIA may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below (and each Participating Entity may terminate its Participating Agreement immediately “for cause” pursuant to Section 7.2 below) if (i) Contractor fails to provide the notice required above, oror (ii) Contractor is included on either list mentioned above.