Tax Clearance Letter definition

Tax Clearance Letter means any written communication from an authorized official of a Local Government that states the Contractor has paid all taxes due and owing to the Local Government.

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Tax Clearance Letter means (a) a “tax clearance” letter from the California State Board of Equalization showing that no taxes are delinquent and unpaid for Seller under California Revenue Tax Code Section 6811 through 6815, or (b) a notice of withholding from the California State Board of Equalization setting forth the taxes that are due and payable for Seller under California Revenue Tax Code Section 6811 through 6815. The provisions of this Section 4.13 shall survive Closing until such time as Purchaser receives a Tax Clearance Letter.

Tax Clearance Letter means the one or more tax clearance letters (surat ketetapan pajak) in substance satisfactory to Purchaser in its sole and absolute ▇▇▇▇retion evidencing that the Company has available to it Tax Loss Carryforwards as of December 31, 2001 of no less than Rp.1,710,000,000,000.

Examples of Tax Clearance Letter in a sentence

If Sellers have not obtained a Tax Clearance Letter by Closing then Sellers shall use commercially reasonable efforts post-Closing to obtain the same.
The escrow monies will be held in escrow in a non-interest bearing account until the Division makes a final determination as to the amount of any State taxes owed by Sellers, and the escrow monies will be released in accordance with, and only upon receipt of, a Tax Clearance Letter from the Division.
If Sellers fail to obtain a Tax Clearance Letter by Closing, then Sellers shall indemnify, defend and hold Buyers harmless from and against any and all Losses, which may be incurred by Buyers in connection with Sellers’ obligations under this Section 8.2(h).
Such indemnity shall survive until (1) the delivery of a Tax Clearance Letter, except to the extent any such certificate reflects a potential tax liability, in which case Seller shall pay such liability in full and such liability shall survive until paid in full, or (2) any claim made pursuant to this Section 8.2(h) has been fully satisfied.
Seller and the Indemnifying Shareholders shall prepare, submit and file, or cause to be prepared, submitted and filed, all applications for approvals and actions as may be required by applicable law with respect to the transactions contemplated by this Agreement (including but not limited to, a liquidation of Seller as may be required by the Tax Clearance Letter), and shall use its best efforts to obtain such approvals and accomplish such results as expeditiously as possible.
The provisions of this Section 4.13 shall survive Closing until such time as Purchaser receives a Tax Clearance Letter.
Such indemnity shall survive until (1) the delivery of a Tax Clearance Letter, except to the extent any such certificate reflects a potential tax liability, in which case Seller shall pay such liability in full and such liability shall survive until paid in full, or (2) any claim made pursuant to this Section 8.2(j) has been fully satisfied.
Any remaining balance of funds in the Division Escrow shall be disbursed to Seller only after the Division has authorized the release of such funds in writing by issuing a Tax Clearance Letter.
The escrow monies will be held in escrow in a non-interest bearing account until the Division makes a final determination as to the amount of any State taxes owed by Seller, and the escrow monies will be released in accordance with, and only upon receipt of, a Tax Clearance Letter from the Division.
A Tax Clearance Letter and/or Tax Lien Waiver, if applicable, issued by the appropriate Department of Revenue or comparable agency of each state in which a Station or Assets are located.

More Definitions of Tax Clearance Letter

Tax Clearance Letter means (a) a “tax clearance” letter from the California State Board of Equalization showing that no taxes are delinquent and unpaid for Seller under California Revenue Tax Code Section 6811 through 6815, or (b) a notice of withholding from the California State Board of Equalization setting forth the taxes that are due and payable for Seller under California Revenue Tax Code Section 6811 through 6815. The ACTIVE/85506504.17 LEGAL_US_W # 85494519.11 provisions of this Section 4.13 shall survive Closing until such time as Purchaser receives a Tax Clearance Letter, for a period of time not to exceed one hundred eighty (180) days.

Tax Clearance Letter means a letter from the Division of Taxation confirming that the Escrow Fund may be released.

Tax Clearance Letter means the one or more tax clearance letters (surat ketetapan ▇▇▇▇▇) in substance satisfactory to Purchaser in its sole and absolute discretion evidencing that the Company has available to it Tax Loss Carryforwards as of December 31, 2001 of no less than Rp.1,710,000,000,000. "Notes" shall mean the Promissory Notes and the Restricted Notes. "Promissory Notes" shall mean the promissory notes issued by Telkom to the Selling Shareholders in the form annexed hereto as Exhibit F. "Restricted Notes", shall mean the Restricted Notes issued by Purchaser to Aria Infotek in the form annexed hereto as Exhibit G. "Fifth Maturity Date" shall have the meaning assigned to such term in Exhibit R. "Sixth Maturity Date" shall have the meaning assigned to such term in Exhibit R. "Seventh Maturity Date" shall have the meaning assigned to such term in Exhibit R. 13 <PAGE> "Closing Date" shall mean the date on which the Closing actually occurs. "Transactions" shall mean the purchase by Purchaser and sale by each of the Selling Shareholders of the Sale Shares, the performance by each of the parties hereto of their other respective obligations under this Agreement, the AriaWest Loan Restructuring Agreement, the Interim Management Agreement (including the promissory notes delivered by the Selling Shareholders to Purchaser pursuant thereto), the Settlement Agreement, the Mutual Waivers, and any other contract, agreement, certificate or other document entered into or delivered pursuant to any of the foregoing or contemplated by any of the foregoing. "Interconnection Tests" shall have the meaning assigned to such term in the KSO Agreement. "Second Anniversary" shall have the meaning assigned to such term in Section 3.5(d). "KSO Unit" shall have the meaning assigned to such term in the KSO Agreement. "Relevant Time" shall have the meaning assigned to such term in Section 9.6(c).

Tax Clearance Letter shall have the meaning set forth in Section 7.10(b).