Tax Returns; Taxes. (a) Vail Banks and WestStar ------------------ have duly filed or will file when due (i) all required federal and state tax returns and reports, and (ii) all required returns and reports of other governmental units having jurisdiction with respect to taxes imposed upon their respective incomes, properties, revenues, franchises, operations or other assets or taxes imposed which might create a lien or encumbrance on any of such assets or affect adversely their respective businesses or operations. Such returns or reports are, and when filed will be, true, complete and correct, and Vail Banks and WestStar have paid, or will pay with respect to returns or reports related to their respective businesses not yet filed because not yet due, to the extent such taxes or other governmental charges have become due, all taxes and other governmental charges including all applicable interest and penalties, set forth in such returns or reports related to their respective businesses. All federal, state and local taxes and other governmental charges paid or payable by Vail Banks or WestStar have been paid, or have been accrued or reserved on their respective books in accordance with generally accepted accounting principles applied on a basis consistent with prior periods. Adequate reserves for the payment of taxes have been established on the books of Vail Banks and WestStar for all periods through the date hereof, whether or not due and payable and whether or not disputed. Until the Closing Date, Vail Banks and WestStar shall continue to reserve sufficient funds for the payment of expected tax liabilities in accordance with generally accepted accounting principles applied on a basis consistent with prior periods. Neither Vail Banks nor WestStar have received any notice of a tax deficiency or assessment of additional taxes of any kind and, to the knowledge of officers of Vail Banks or WestStar (collectively "Management"), there is no threatened claim against either Vail Banks or WestStar, or any basis for any such claim, for payment of any additional federal, state, local or foreign taxes for any period prior to the date of this Agreement in excess of the accruals or reserves with respect to any such claim shown in the Vail Banks 1997 Financial Statements (as defined below) or disclosed in the notes with respect thereto. There are no waivers or agreements by either Vail Banks or WestStar for the extension of time for the assessment of any taxes. The federal income tax returns...
Tax Returns; Taxes. Spacial (a) has duly filed all U.S. federal and material state, county, local and foreign tax returns and reports required to be filed by it, including those with respect to income, payroll, property, withholding, social security, unemployment, franchise, excise and sales taxes and all such returns and reports are correct in all material respects; (b) has either paid in full all taxes that have become due as reflected on any return or report and any interest and penalties with respect thereto or have fully accrued on its books or have established adequate reserves for all taxes payable but not yet due; and (c) has made cash deposits with appropriate governmental authorities representing estimated payments of taxes, including income taxes and employee withholding tax obligations. No extension or waiver of any statute of limitations or time within which to file any return has been granted to or requested by Spacial with respect to any tax. No unsatisfied deficiency, delinquency or default for any tax, assessment or governmental charge has been claimed, proposed or assessed against Spacial, nor has Spacial received notice of any such deficiency, delinquency or default. Spacial has no material tax liabilities other than those arising in the ordinary course of business since the date hereof.
Tax Returns; Taxes. (a) Except as otherwise disclosed in Schedule 4.10(a): (i) Flour and each Flour Subsidiary have filed all Tax Returns due to have been filed through the Effective Date in accordance with any applicable law and each such Tax Return is correct and complete in all respects; (ii) all Taxes owed by Flour or any Flour Subsidiary (whether or not shown on any Tax Return) have been paid in and, since September 30, 2002, neither Flour nor any Flour Subsidiary has incurred any Tax liability outside the ordinary course of business; (iii) there are not now any extensions of time in effect with respect to the dates on which any Tax Returns were or are due to be filed other than extensions with respect to the federal and state income and franchise Tax Returns for the year ended May 31, 2002; (iv) all deficiencies asserted as a result of any examination of a Tax Return have been paid in full, accrued on the books of Flour, or finally settled, and no issue has been raised in any such examination which, by application of the same or similar principles, could be expected to result in a proposed deficiency for any other period not so examined; (v) no claims have been asserted and no proposals or deficiencies for any Taxes are being asserted, proposed or threatened, and no audit or investigation of any Tax Return is currently underway, pending or threatened; (vi) no claim has ever been made by any Governmental Entity in a jurisdiction where Flour does not file Tax Returns that it is or may be subject to taxation; (vii) Flour and each Flour Subsidiary has withheld and paid all Taxes required to have been paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder or other third party; (viii) there are no outstanding waivers or agreements by Flour or any Flour Subsidiary for the extension of time for the assessment of any Taxes or deficiency thereof, nor are there any requests for rulings, outstanding subpoenas or requests for information, notice of proposed reassessment of any property owned or leased by Flour or any Flour Subsidiary or any other matter pending between Flour or any Flour Subsidiary and any taxing authority; (ix) there are no Liens for Taxes other than Liens for Taxes which are not yet due and payable, nor are there any Liens which are pending or threatened; (x) neither Flour nor any Flour Subsidiary has any liability for the Taxes of any Person (other than Flour and the Flour Subsidiaries) under Treasury Regulati...
Tax Returns; Taxes. Company has filed all federal, state and local tax returns and tax reports required by such authorities to be filed as of the time of Closing. Company and Shareholder have paid all taxes, assessments, governmental charges, penalties, interest and fines due or claimed to be due as of the time of Closing (including, without limitation, taxes on properties, income, franchises, licenses, sales and payrolls) by any federal, state or local authority. Additionally, the reserves for taxes reflected in the Financial Statements are adequate to cover all tax liabilities required to be accrued as of the respective dates thereof. There is no pending tax examination or audit of, nor any action, suit, investigation or claim asserted or, to the knowledge of Company and Shareholder, threatened against Company or Shareholder by any federal, state or local authority; and Company and/or Shareholder have not been granted any extension of the limitation period applicable to any tax claims.
Tax Returns; Taxes. The Sellers have filed, will timely file or has filed for extension requests for all federal, state and local Tax Returns and Tax reports required by such authorities to be filed by the Sellers pertaining to the Car Wash Business. The Sellers have paid all Taxes, assessments, governmental charges, penalties, interest and fines due or claimed to be due by any federal, state or local authority. There is no pending Tax examination or audit of, nor any, suit, or claim asserted or, to Seller's knowledge, threatened against the Sellers by any federal, state or local authority pertaining to the Car Wash Business; and the Sellers have not been granted any extension of the limitation period applicable to any Tax claims.
Tax Returns; Taxes. Each of Parent and the Merger Subsidiary has filed all federal, state, county, local, and foreign tax returns, including information returns, required to be filed by it, and paid all taxes owed by it, including those with respect to income, withholding, social security, unemployment, workers' compensation, franchise, ad valorem, premium, excise and sales taxes, and no taxes shown on such returns to be owed by it or assessments received by it are delinquent. Federal income tax returns of Parent for the fiscal year ended December 31, 1995, and for all fiscal years prior thereto, are for the purposes of routine audit by the Internal Revenue Service closed because of the statute of limitations, and no claims for additional taxes for such fiscal years are pending. Neither Parent nor the Merger Subsidiary is a party to any pending action or proceeding, nor, to Parent's knowledge, is any such action or proceeding threatened by any governmental authority, for the assessment or collection of taxes, interest, penalties, assessments or deficiencies and no issue has been raised by any federal, state, local or foreign taxing authority in connection with any audit or examination of the tax returns, business or properties of Parent and the Merger Subsidiary which has not been settled, resolved and fully satisfied. Except for amounts not yet due and payable, each of Parent and the Merger Subsidiary has paid all taxes owed or which it is required to withhold from amounts owing to employees, creditors or other third parties. The balance sheet as of December 31, 1998, referred to in Section 4.8, includes adequate provision for all accrued but unpaid federal, state, county, local and foreign taxes, interests, penalties, assessments or deficiencies of Parent with respect to all periods through the date thereof.
Tax Returns; Taxes. (1) The Seller and the Shareholder shall duly and timely file or cause to be filed with the applicable Taxing Authorities all Tax Returns that are required to be filed by or on behalf of the Seller or that include or relate to the Acquired Assets or the Business, which Tax Returns shall be true, complete and correct, and shall duly and timely pay in full or cause to be paid in full all Taxes that are due and payable on or before the Closing Date and could result in a Lien on any Acquired Asset or the Business, and has recorded a provision on the books and records of the Seller in accordance with GAAP for the payment of all such Taxes that are not due and payable on or before the Closing Date. The Seller shall provide to the Buyer true, complete and correct copies of such Tax Returns and all correspondence, reports and documents relating to any Tax Proceeding with respect thereto. The Seller shall duly and timely comply with all applicable laws relating to the allocation or withholding of Taxes and the reporting and remittance thereof to the applicable Taxing Authorities.