Common use of Tax Returns and Payment Clause in Contracts

Tax Returns and Payment. ASAP has duly and timely filed all material Tax Returns required to be filed by it and has duly and timely paid all Taxes shown thereon to be due. Except as disclosed in Financial Statements filed by ASAP with the SEC, there is no material claim for Taxes that is a Lien against the property of ASAP other than Liens for Taxes not yet due and payable, none of which is material. ASAP has not received written notification of any audit of any Tax Return of ASAP being conducted or pending by a Tax authority where an adverse determination could have a Material Adverse Effect on ASAP, no extension or waiver of the statute of limitations on the assessment of any Taxes has been granted by ASAP which is currently in effect, and ASAP is not a party to any agreement, contract or arrangement with any Tax authority or otherwise, which may result in the payment of any material amount in excess of the amount reflected on the above referenced ASAP Financial Statements.

Tax Returns and Payment. ASAP IFRS has duly and timely filed all material Tax Returns required to be filed by it and has duly and timely paid all Taxes shown thereon to be due. Except as disclosed in Financial Statements filed by ASAP IFRS with the SEC, there is no material claim for Taxes that is a Lien against the property of ASAP IFRS other than Liens for Taxes not yet due and payable, none of which is material. ASAP IFRS has not received written notification of any audit of any Tax Return of ASAP IFRS being conducted or pending by a Tax authority where an adverse determination could have a Material Adverse Effect on ASAPIFRS, no extension or waiver of the statute of limitations on the assessment of any Taxes has been granted by ASAP IFRS which is currently in effect, and ASAP IFRS is not a party to any agreement, contract or arrangement with any Tax authority or otherwise, which may result in the payment of any material amount in excess of the amount reflected on the above referenced ASAP IFRS Financial Statements.

Tax Returns and Payment. ASAP AIMR has duly and timely filed all material Tax Returns required to be filed by it and has duly and timely paid all Taxes shown thereon to be due. Except as disclosed in Financial Statements filed by ASAP AIMR with the SEC, there is no material claim for Taxes that is a Lien against the property of ASAP AIMR other than Liens for Taxes not yet due and payable, none of which is material. ASAP AIMR has not received written notification of any audit of any Tax Return of ASAP AIMR being conducted or pending by a Tax authority where an adverse determination could have a Material Adverse Effect on ASAPAIMR, no extension or waiver of the statute of limitations on the assessment of any Taxes has been granted by ASAP AIMR which is currently in effect, and ASAP AIMR is not a party to any agreement, contract or arrangement with any Tax authority or otherwise, which may result in the payment of any material amount in excess of the amount reflected on the above referenced ASAP AIMR Financial Statements.