Examples of Desminic in a sentence
On May 25 2012, the Nicaraguan tax administration notified Desminic that it accepted Desminic’s request to treat ad-valorem taxes paid by Desminic as direct credits against Desminic’s corporate income tax due, rather than as a deductible expense in computing its corporate income tax.
The Company has also filed amended 2011 and 2010 income tax returns for Desminic to report the ad-valorem taxes as direct credits.
The Company also filed amended 2011 and 2010 income tax returns for Desminic to report the ad-valorem taxes as direct credits.
On May 25, 2012, the Nicaraguan tax administration notified Desminic that it accepted Desminic’s request to treat ad-valorem taxes paid by Desminic as direct credits against Desminic’s corporate income tax due, rather than as a deductible expense in computing its corporate income tax.
Ad-valorem taxes paid in the first quarter of 2012 of $1.3 million were also reclassified from royalty and production tax expense on the consolidated statement of operations to income tax credits (reducing estimated current taxes payable on the consolidated balance sheet).The Company amended its 2011 and 2010 income tax returns for Desminic to report the ad- valorem taxes as direct credits.
Ad-valorem taxes paid in the first quarter of 2012 of $1.3 million were also reclassified from royalty and production tax expense on the consolidated statement of operations to income tax credits (reducing estimated current taxes payable on the consolidated balance sheet).The Company amended its 2011 and 2010 income tax returns for Desminic to report the ad-valorem taxes as direct credits.
The inter-company indebtedness of CAMH, Desminic or Bemilasa owing to the Guarantor, the Seller or any other affiliate of the Guarantor (other than CAMH, Desminic and Bemilasa) shall have been repaid, assigned to the Buyer or an affiliate of the Buyer or otherwise extinguished as determined by the Seller after consultation with the Buyer.
Except as specified in Schedule C, Desminic is the holder of record of, and is the owner of a 100% undivided beneficial interest in and to its right, title and interest in, all of the Properties, free and clear of all Encumbrances, other than the Permitted Encumbrances.
Desminic shall have entered into the Bonanza Agreements with Yamana Nicaragua, S.A.
None of the Purchased Securities, the Desminic Shares or the Bemilasa Shares is subject to any option, warrant, right of conversion, exchange or purchase, or any similar right.