Material Taxes definition
Examples of Material Taxes in a sentence
It has made adequate provision for Material Taxes payable by it for the current period and any previous period for which tax returns are not yet required to be filed.
The Borrower has made adequate reserves on its books and records in accordance with GAAP for all Material Taxes that have accrued but which are not yet due and payable.
It has paid all Material Taxes due and payable by it, unless they are being contested diligently, in good faith and by appropriate proceedings, it has made adequate provisions or reserves for payment of the contested amount and it has provided evidence of the provisions or reserves for the contested amount that the Agent requires.
EBI has paid all Material Taxes that have become or are due with respect to any period ended on or prior to the date hereof, and has established an adequate reserve on its balance sheet for those Taxes not yet due and payable.
There is no ongoing or pending suit with respect to any Material Taxes of the Borrower and the Subsidiaries.
Except (i) acts, events or omissions that are ordinary business activities, (ii) to the extent relating to income an EBI Entity receives after the Closing, or (iii) as set forth in Section 4.8(b) of the EBI Disclosure Memorandum, no acts, events or omissions have occurred on or before the Closing Date that would result in Material Taxes for which any EBI Entity is or may become liable that will apply in a period or a portion thereof beginning on or after the Closing Date.
Except (i) acts, events or omissions that are ordinary business activities, (ii) to the extent relating to income a FAHC Entity receives after the Closing, or (iii) as set forth in Section 4.8(b) of the FAHC Disclosure Memorandum, no acts, events or omissions have occurred on or before the Closing Date that would result in Material Taxes for which any FAHC Entity is or may become liable that will apply in a period or a portion thereof beginning on or after the Closing Date.
Borrowing Base Calculation 144155 Section IV CONDITIONS PRECEDENT 144155 Section 4.1. Conditions to Closing Date 144155 Section 4.2. Conditions to Each Post-Closing Extension of Credit 148159 Section V AFFIRMATIVE COVENANTS 149160 Section 5.1. Financial Statements 149160 Section 5.2. Certificates; Other Information 151162 Section 5.3. Payment of Material Taxes 153164 Section 5.4. Conduct of Business and Maintenance of Existence, Compliance with Laws, Etc.
The amounts recorded as reserves for Tax liability on the Most Recent Balance Sheet are sufficient in the aggregate for the payment by Crown of all unpaid Material Taxes (including any interest or penalties thereon) whether or not disputed or accrued, for all periods ended on or prior to the date of such statement.
Except (i) acts, events or omissions that are ordinary business activities, (ii) to the extent relating to income an FABC Entity receives after the Closing, or (iii) as set forth in Section 4.8(b) of the FABC Disclosure Memorandum, to the Knowledge of FABC, no acts, events or omissions have occurred on or before the Closing Date that would result in Material Taxes for which any FABC Entity is or may become liable that will apply in a period or a portion thereof beginning on or after the Closing Date.