Tax Accruals. The amount of the Company’s and its Subsidiaries’ liability for unpaid Taxes for all periods following the end of the recent period covered by the Company Balance Sheet will not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) as adjusted for the passage of time in accordance with the past custom and practice of the Company and its Subsidiaries (and which accruals will not exceed comparable amounts incurred in similar periods in prior years).
Tax Accruals. All other taxes and other assessments and levies which the Company is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Company for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of January 31, 1999 are duly reflected in the balance sheet of the Company as of said date.
Tax Accruals. Except for the unpaid payroll taxes due the IRS and any sums which have been or are assess as a result of the Audit, all other taxes and other assessments and levies which the company 8s required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Company for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of August 31, 1998 are duly reflected in the balance sheet of the company as of said date.
Tax Accruals. The amount of the liability of the Company and its Subsidiaries for unpaid Taxes for all taxable periods ending on or before the date of the Interim Balance Sheet does not, in the aggregate, exceed the amount of the current liability accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Interim Balance Sheet. The amount of the liability of the Company and its Subsidiaries for unpaid Taxes for all taxable periods (or portions thereof) ending on or before the Closing Date will not, in the aggregate, exceed the amount of the current liability accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Interim Balance Sheet, as adjusted for operations and transactions in the ordinary course of their respective businesses since the date of the Interim Balance Sheet in accordance with past custom and practice.
Tax Accruals. The liability for Taxes of the Company and its Subsidiaries (i) as of the Balance Sheet date did not exceed the accrued liability for Taxes of the Company and its Subsidiaries (not including any accrual for Taxes with respect to timing differences between book and Tax income) on the Balance Sheet, and (ii) as of the Closing Date do not exceed such accrued liability for Taxes as adjusted through the Closing Date in accordance with past custom and practice.
Tax Accruals. All other taxes and other assessments and levies which the Buyer is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by the Buyer for such payment and all such withholding and collections and all other payments unpaid and due in connection therewith as of December 31, 2000 are duly reflected in the balance sheet of the Buyer as of said date and as of the date of Closing.
Tax Accruals. All other taxes and other assessments and levies, if any, which Acquiror is required by law to withhold or to collect have been duly withheld and collected and have been paid over to the proper governmental authorities or are held by Acquiror for such payment and all such withholding and collections and all other payments due in connection therewith as of the tax period therefor most recently ended are duly reflected in Acquiror's books and records.
Tax Accruals. The unpaid Taxes of each AiPharma Company: (i) did not, as of the September 30 Balance Sheet Date exceed the reserve for Tax Liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the AiPharma Financial Statements (rather than in any notes thereto) and (ii) do not exceed that reserve as adjusted for the passage of time through the Secondary Closing Date in accordance with the past custom and practice of the applicable AiPharma Company in filing its Tax Returns.
Tax Accruals. Purchasers shall pay to Seller the excess of any amount accrued as a liability for Taxes (or otherwise taken into account) in the calculation of the Closing Surplus over the actual amount of the Acquired Companies’ Liabilities for Taxes for the relevant taxable period (or portion thereof determined in accordance with Section 13.2). Such actual amount of the Acquired Companies’ Liabilities for Taxes for such period shall (i) with respect to any taxable period for which a Tax Return is filed pursuant to Section 13.1(b), be the amount of the Tax set forth on the applicable Tax Return as so filed, and (ii) with respect to any other taxable period, be the amount of the Tax for such period as determined on audit or otherwise. Such payment shall be made within ten (10) days of the filing of the applicable Tax Return or the date of determination of such Tax amount on audit or otherwise, as applicable. For the purposes of clarity, the provisions of this Section 13.4 shall not limit Purchasers’ ability under Article XII to be indemnified for any Tax in the event that the amount of Taxes as shown on any Tax Return filed pursuant to Section 13.1(a) or (b) is subsequently adjusted by a Governmental Authority on audit or otherwise.
Tax Accruals. The unpaid Taxes of the Corporation and its Corporation Subsidiaries for all periods ending on or before the date of the Balance Sheet did not exceed the amount of the current liability accruals for Taxes (exclusive of reserves for deferred Taxes established to reflect timing differences) reflected on the face of the Balance Sheet and the unpaid Taxes of the Corporation and its Corporation Subsidiaries for all periods ending on or before the Closing Date will not exceed the amount of such current liability accruals as adjusted for operations in the ordinary course of business through the Closing Date in accordance with the most recent custom and practices of the Corporation and each Corporation Subsidiary.
