Common use of Accounting Records and Tax Returns Clause in Contracts

Accounting Records and Tax Returns. Seller will treat receipt of the Net Amount Funded to Seller and payment of the Purchased Amount in a manner evidencing sale of its Future Receipts in its accounting records and tax returns and further agrees that Buyer is entitled to audit Seller’s accounting records upon reasonable notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is anything other than a sale of Future Receipts.

Appears in 4 contracts

Samples: Sale and Purchase Agreement (Clearday, Inc.), Samson Group (Clearday, Inc.), Samson Group (Clearday, Inc.)

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Accounting Records and Tax Returns. Seller will treat receipt of the Net Amount Funded to Seller and payment of the Purchased Amount in a manner evidencing sale of its Future Receipts in its accounting records and tax returns and further agrees that Buyer Xxxxx is entitled to audit Seller’s accounting records upon reasonable notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is anything other than a sale of Future Receipts.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (Cannabis Bioscience International Holdings, Inc.)

Accounting Records and Tax Returns. Seller will treat receipt of the Net Amount Funded to Seller Purchase Price and payment delivery of the Purchased Amount Sold Future Receipts in a manner evidencing sale of its Future Receipts future receipts in its accounting records and tax returns and further agrees that Buyer Purchaser is entitled to audit Seller’s accounting records upon reasonable notice Notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is anything other than a sale of Future Receiptsfuture receipts.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (Amphitrite Digital Inc)

Accounting Records and Tax Returns. Seller will treat receipt of the Net Amount Funded to Seller Purchase Price and payment of the Purchased Amount in a manner evidencing sale of its Future Receipts future receipts in its accounting records and tax returns and further agrees that Buyer Xxxxx is entitled to audit Seller’s accounting records upon reasonable notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is anything other than a sale of Future Receiptsfuture receipts.

Appears in 1 contract

Samples: Future Receivables Sale and Purchase Agreement (Cannabis Bioscience International Holdings, Inc.)

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Accounting Records and Tax Returns. The Seller will treat the receipt of the Net Amount Funded to Seller Purchase Price and payment of the Purchased Amount in a manner evidencing sale of its Future Receipts future receipts in its accounting records and tax returns and further agrees that Buyer the Purchaser is entitled to audit the Seller’s 's accounting records and tax returns upon reasonable notice in order to verify compliance. The Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which the Seller asserts that this transaction is anything other than a sale of Future Receiptsfuture receipts.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Zerify, Inc.)

Accounting Records and Tax Returns. Seller will treat receipt of the Net Amount Funded to Seller and payment of the Purchased Amount in a manner evidencing sale of its Future Receipts in its accounting records and tax returns and further agrees that Buyer Bxxxx is entitled to audit Seller’s accounting records upon reasonable notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is anything other than a sale of Future Receipts.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (First Person Ltd.)

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