Common use of Tax Returns; Other Reports Clause in Contracts

Tax Returns; Other Reports. TCI has duly and timely filed in correct form all federal, state, local and foreign Tax returns and other Tax reports required to be filed by TCI, and has timely paid all Taxes which have become due and payable, whether or not so shown on any such return or report, the failure of which to be filed or paid could adversely affect or result in the imposition of a Lien upon the TCI Assets or that could impose on the Partnership any transferee liability for any taxes, penalties or interest due or to become due from TCI, except such amounts as are being contested diligently and in good faith and are not in the aggregate material. TCI has received no notice of, nor does TCI have any Knowledge of, any deficiency, assessment or audit, or proposed deficiency, assessment or audit from any taxing Governmental Authority which could affect or result in the imposition of a Lien upon the TCI Assets.

Appears in 2 contracts

Samples: Asset Contribution Agreement (Century Communications Corp), Asset Exchange Agreement (Century Communications Corp)

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Tax Returns; Other Reports. TCI has duly and timely filed in correct form all federal, state, local and foreign Tax returns and other Tax reports required to be filed by TCI, and has timely paid all Taxes which have become due and payable, whether or not so shown on any such return or report, the failure of which to be filed or paid could adversely affect or result in the imposition of a Lien upon the TCI Assets or that could impose on the Partnership Insight any transferee liability for any taxes, penalties or interest due or to become due from TCI, except such amounts as are being contested diligently and in good faith and are not in the aggregate material. TCI has received no notice of, nor does TCI have any Knowledge of, any deficiency, assessment or audit, or proposed deficiency, assessment or audit from any taxing Governmental Authority which could affect or result in the imposition of a Lien upon the TCI Assets.

Appears in 1 contract

Samples: Asset Exchange Agreement (Insight Communications Co Inc)

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Tax Returns; Other Reports. TCI has duly and timely filed in correct form all federal, state, local and foreign Tax returns and other Tax reports required to be filed by TCI, and has timely paid all Taxes which have become due and payable, whether or not so shown on any such return or report, the failure of which to be filed or paid could adversely affect or result in the imposition of a Lien upon the TCI Assets or that could impose on the Partnership Company any transferee liability for any taxes, penalties or interest due or to become due from TCI, except such amounts as are being contested diligently and in good faith and are not in the aggregate material. TCI has received no notice of, nor does TCI have any Knowledge of, any deficiency, assessment or audit, or proposed deficiency, assessment or audit from any taxing Governmental Authority which could affect or result in the imposition of a Lien upon the TCI Assets.

Appears in 1 contract

Samples: Asset Contribution Agreement (Insight Communications Co Inc)

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