Included Taxes definition
Examples of Included Taxes in a sentence
In the event that any Indemnified Tax Person shall have determined that it received a refund or credit for Included Taxes paid by the Borrower under this Section 3.10, such Indemnified Tax Person shall promptly notify the Administrative Agent and the Borrower of such fact and shall remit to the Borrower the amount of such refund or credit applicable to the payments made by the Borrower in respect of such Indemnified Tax Person under this Section 3.10.
Seller shall, as provided by the laws of the State of Nevada, pay over to the Nevada Department of Taxation the Included Taxes.
In the event that any Credit Party shall have determined that it received a refund or credit for Included Taxes paid by the Borrower under this Section 3.10, such Credit Party shall promptly notify the Administrative Agent and the Borrower of such fact and shall remit to the Borrower the amount of such refund or credit applicable to the payments made by the Borrower in respect of such Credit Party under this Section 3.10.
Seller shall also include in this certificate its unqualified representation, warranty and covenant, which shall survive Closing notwithstanding any other provision of this Agreement, that the amount of taxes so established is in fact the entire and correct amount of Included Taxes.
Seller is aware that, because of Seller's familiarity with the Purchased Assets and their previous treatment for tax, accounting and other purposes, Buyer is relying on Seller's calculation of such Included Taxes.