RETURNS ACCURATE Clause Samples
The RETURNS ACCURATE clause requires that any returns made by a party, such as returned goods or products, must be accurate in terms of quantity, condition, and compliance with the original agreement. In practice, this means that when a buyer returns items to a seller, the items must match the specifications and be in the expected state, without substitutions or undisclosed damage. This clause ensures that the process of returning goods is transparent and fair, preventing disputes over the nature or quality of returned items and protecting both parties from misunderstandings or fraudulent returns.
RETURNS ACCURATE. Any information, notice, computation, return, declaration or election which has been submitted by the Company to a Governmental Agency in respect of any Tax or Duty:
(a) discloses all material facts that should be disclosed under any Tax Law; and
(b) has been submitted on time.
RETURNS ACCURATE. To the best of Melco’s knowledge, any information, notice, computations and return which has been submitted by a Group Company to a Government Agency in respect of any Tax:
(i) disclose all material facts that should be disclosed under any Tax law;
(ii) is not misleading in any material aspect; and
(iii) has been submitted on time.
RETURNS ACCURATE. So far as the Seller is aware, any information, notice, computation, return, declaration or election which has been submitted by a member of the Company Group to a Governmental Agency in respect of any Tax or Duty:
(a) discloses all material facts that should be disclosed under any Tax Law; and
(b) has been submitted on time.
RETURNS ACCURATE. All Tax returns submitted to any Governmental Agency by each Evolution Group Member and the Evolution Head Company on or prior to Completion:
(a) disclose all material facts that should be disclosed under any Tax Law;
(b) are not misleading; and
(c) to the extent that there have been any reportable intercompany transactions, such transactions have been correctly reported and comply with the transfer pricing rules in all relevant jurisdictions.
RETURNS ACCURATE. All Tax returns submitted to any Governmental Agency by each Target Entity on or prior to the ▇▇ ▇▇▇▇▇▇ Accounts Date:
(a) disclose all material facts that should be disclosed under any Tax Law;
(b) are not misleading; and
(c) to the extent that there have been any reportable intercompany transactions, such transactions have been correctly reported and comply with the transfer pricing rules in all relevant jurisdictions.