Tax Matters: Books and Records. (a) The books and records, financial and others, of Holdings are in all material respects complete and correct and have been maintained in accordance with good business accounting practices; and (b) Holdings has no liabilities with respect to the payment of any country, federal, state, county, or local taxes (including any deficiencies, interest or penalties). (c) Holdings shall remain responsible for all debts incurred by Holdings prior to the date of closing.
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Samples: Stock Purchase Agreement and Share Exchange (Eastern Services Holdings, Inc.), Stock Purchase Agreement and Share Exchange (Travel Hunt Holdings Inc), Interest Purchase Agreement and Share Exchange (King Capital Holdings Inc)
Tax Matters: Books and Records. (a) The books and records, financial and others, of Holdings Corporation are in all material respects complete and correct and have been maintained in accordance with good business accounting practices; and
(b) Holdings Corporation has no liabilities with respect to the payment of any country, federal, state, county, or local taxes (including any deficiencies, interest or penalties).
(c) Holdings Corporation shall remain responsible for all debts incurred by Holdings Corporation prior to the date of closing.
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