Tax Covenant. During the period from the date of this Agreement and continuing until the Effective Time, Buyer agrees, as to itself and its Subsidiaries, that each of them (i) will not, except in the ordinary course of business consistent with past practice, make any material Tax election or settle or compromise any Tax liabilities that, individually or in the aggregate, are material to Buyer or any of its Subsidiaries, and (ii) will promptly notify the Company of the making of any request for extension of the time within which to file any federal income Tax Return for that entity.
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Samples: Agreement and Plan of Merger (Minntech Corp), Agreement and Plan of Merger (Diker Charles M), Agreement and Plan of Merger (Cantel Medical Corp)
Tax Covenant. During the period from From the date of this Agreement and continuing until hereof to the Effective Time, Buyer agrees, as to itself and its Subsidiaries, that each of them (i) will not, except in the ordinary course of business consistent with past practice, make any material Tax election or settle or compromise any Tax liabilities that, individually or in the aggregate, are material to Buyer or any of its Subsidiaries, and (ii) will promptly notify the Company of the making of any request for extension of the time within which to file any federal income Tax Return for that entity.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Optika Inc), Agreement and Plan of Merger (Stellent Inc)
Tax Covenant. During the period from the date of this Agreement and continuing until the Effective Time, Buyer the Company agrees, as to itself and its Subsidiaries, that each of them (i) will not, except in the ordinary course of business consistent with past practice, make any material Tax election or settle or compromise any Tax liabilities that, individually or in the aggregate, are material to Buyer the Company or any of its Subsidiaries, and (ii) will promptly notify the Company Buyer of the making of any request for extension of the time within which to file any federal income Tax Return for that entity.
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