Common use of Tax Liability in Financial Statements Clause in Contracts

Tax Liability in Financial Statements. The liabilities (including deferred taxes) shown in the Financial Statements as of the date of the most recent balance sheet included in the Financial Statements and to be accrued on the books and records of the Seller through the Closing Date for taxes, interest and penalties are and will be adequate accruals and have been and will be accrued in a manner consistent with the practices utilized for accruing tax liabilities in the tax year ended December 31, 2006, and take into account net operating losses, investment credits and other carryovers for periods ended prior to the Closing Date.

Tax Liability in Financial Statements. The liabilities (including deferred taxes) shown in the Financial Statements as of the date of the most recent balance sheet included in the Financial Statements and to be accrued on the books and records of the Seller Company through the Closing Date for taxesTaxes, interest and penalties are and will be be, to the knowledge of the Company and the Stockholders, adequate accruals and have been and will be accrued in a manner consistent with the practices utilized for accruing tax liabilities in the tax year ended December 31, 2006, 1997 and take into account net operating losses, investment credits and other carryovers for periods ended prior to the Closing Date.

Tax Liability in Financial Statements. The liabilities (including deferred taxes) shown in the Financial Statements as of the date of the most recent balance sheet included in the Financial Statements and to be accrued on the books and records of the Seller Company through the Closing Date for taxesTaxes, interest and penalties are and will be be, to the knowledge of the Company and Xxxxx, adequate accruals and have been and will be accrued in a manner consistent with the practices utilized for accruing tax liabilities in the tax year ended December October 31, 2006, 1997 and take into account net operating losses, investment credits and other carryovers for periods ended prior to the Closing Date.

Tax Liability in Financial Statements. The liabilities (including deferred taxes) shown in the Financial Statements as of the date of the most recent balance sheet included in the Financial Statements and to be accrued on the books and records of the Seller Company through the Closing Date for taxesTaxes, interest and penalties are and will be be, to the knowledge of the Company and the Stockholders, adequate accruals and have been and will be accrued in a manner consistent with the practices utilized for accruing tax liabilities in the tax year ended December October 31, 2006, 1997 and take into account net operating losses, investment credits and other carryovers for periods ended prior to the Closing Date.