IVIP definition
Examples of IVIP in a sentence
No material deficiencies for Taxes have been claimed, proposed, or assessed by any taxing or other governmental authority against IVIP.
IVIP is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.
IVIP and the Consultant expressly acknowledge that the limitations contained in this Section have been the subject of active and complete negotiation between the parties and represent the parties' agreement.
In connection with the conduct of any litigation with third parties relating to any liability of the Consultant to IVIP or to such third parties, the Consultant will have all rights to accept or reject settlement offers and to participate in such litigation.
There are no pending or, to the best knowledge of IVIP, threatened audits, investigations or claims for or relating to any material liability in respect of Taxes, and there are no matters under discussion with any governmental authorities with respect to Taxes that, in the reasonable judgment of IVIP, or its counsel is likely to result in a material amount of Taxes.
IVIP has withheld or collected from each payment made to each of its employees, consultants, contractors and other payees the amount of Taxes required to be withheld and collected therefrom for all periods through the date hereof.
IVIP shall not be required to make any payment to the Consultant pursuant to Article 7 during the period of the Consultant's inability, as a result of an event of Force Majeure, to provide the Services and Facilities.
IVIP has not requested any extension of time within which to file returns (including, without limitation, information returns) in respect of any Taxes.
The federal, state and local returns of IVIP have never been audited, and IVIP has not been notified that any taxing authority intends to audit a return for any period.
No extension of a statute of limitations relating to Taxes is in effect with respect to IVIP.