Examples of HVDH Companies in a sentence
Seller shall (i) prepare such Tax Returns on a basis consistent with past practices and accounting methods of Seller and the HVDH Companies except to the extent otherwise required by applicable Law, and (ii) provide a copy of such Tax Return(s) to the Buyer (with supporting documentation and computations) at least thirty (30) days prior (except, in the case of a Periodic Tax Return, ten (10) days prior) to filing such Tax Return(s).
Seller will, within ten (10) days after receipt, inform Buyer of any correspondence of the relevant Taxing Authority regarding the separation of any of the HVDH Companies from such VAT Fiscal Unity.
If the HVDH Companies do not pay their Taxes when as provided in this Section 9.3(a), either party hereto may, after fifteen (15) days’ notice to the other party hereto, pay such Taxes.
Seller shall use its reasonable best efforts to procure that the HVDH Companies will no longer be included in the VAT Fiscal Unity as of the Initial Closing Date.
To the extent this is not accepted by the relevant Taxing Authority upon Seller’s written request, Seller and Buyer acknowledge and agree to procure that the HVDH Companies will be separated from the VAT Fiscal Unity as of the Final Closing Date.
To the extent permissible but not required pursuant to applicable Law, the parties shall cooperate to cause the HVDH Companies to take all steps as are or may be reasonably necessary (including the filing of elections or returns with applicable Taxing Authorities) to cause such period to end on the Final Closing Date.
Since September 30, 2013, there has not been any Event that has had, individually or in the aggregate, a Material Adverse Effect with respect to the HVDH Companies or, to the Knowledge of Seller, the Petrodelta Companies.
Each of HNR, Seller and the HVDH Companies is a corporation or legal entity duly organized or formed, validly existing and (to the extent applicable) in good standing, under the laws of its jurisdiction of organization or formation and has the requisite corporate or similar entity power and authority to conduct its business as it is now being conducted.
Since December 31, 2012 through September 30, 2013, there has not been any Event that has had, individually or in the aggregate, a Material Adverse Effect with respect to the HVDH Companies or, to the Knowledge of Seller, the Petrodelta Companies.
Seller has made available to Buyer complete and correct copies of all insurance policies of the HVDH Companies.