Material Taxes definition

Material Taxes means an amount of Taxes in excess of US$500,000 that have not been paid or otherwise provided for in the Bear Creek Financial Statements or the Highlander Financial Statements, as applicable.

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Material Taxes means taxes in excess of US$25,000 unless such amount is being bone fide disputed and a reserve is being held in regard to that amount.

Material Taxes means any obligation in the form of a tax or assessment by a governmental entity in an amount greater than $500.00. To the Shareholder’s Knowledge, EBI is not presently under, nor has EBI received notice of, any contemplated investigation or audit by the Internal Revenue Service or any foreign or state taxing authority concerning any fiscal year or period ended prior to the date hereof. There are no liens for Taxes (other than Taxes not yet due and payable) upon any of the assets of EBI, including without limitation, income Taxes, social security Taxes, unemployment Taxes and other similar withholding Taxes. EBI is not a party to any tax-sharing agreements or similar contracts or arrangements.

Examples of Material Taxes in a sentence

It has made adequate provision for Material Taxes payable by it for the current period and any previous period for which tax returns are not yet required to be filed.
EBI has paid all Material Taxes that have become or are due with respect to any period ended on or prior to the date hereof, and has established an adequate reserve on its balance sheet for those Taxes not yet due and payable.
The Borrower has made adequate reserves on its books and records in accordance with GAAP for all Material Taxes that have accrued but which are not yet due and payable.
It has paid all Material Taxes due and payable by it, unless they are being contested diligently, in good faith and by appropriate proceedings, it has made adequate provisions or reserves for payment of the contested amount and it has provided evidence of the provisions or reserves for the contested amount that the Agent requires.
There is no ongoing or pending suit with respect to any Material Taxes of the Borrower and the Subsidiaries.
No audit or other proceeding by any Governmental Authority or similar entity is pending in regard to any Material Taxes due from or with respect to the Target, any Target Subsidiary, or any affiliated, consolidated, combined, unitary or similar group of which the Company or any Target Subsidiary is or was a member or any Return filed by the Target, any Target Subsidiary, or any affiliated, consolidated, combined, unitary or similar group of which the Company or any Target Subsidiary is or was a member.
To the Knowledge of Seller, Seller has not waived any statute of limitations with respect to Material Taxes or agreed to any extension of time with respect to a Material Tax assessment or deficiency.
It has paid all Material Taxes due and payable by it, unless they are being contested diligently, in good faith and by appropriate proceedings, it has made adequate provision for payment of the contested amount and it has provided evidence of the provision for the contested amount that the Agent reasonably requires.
The Seller Parties have paid all Material Taxes that are due from them with respect to the Purchased Assets and have duly filed all Tax returns and reports required to be filed by them with respect to the Purchased Assets.
All Material Taxes attributable to all taxable periods ended on or before the Closing Date, to the extent not required to have been previously paid, will be fully and adequately reserved for as a Tax liability on Crown's financial statements in accordance with GAAP.

More Definitions of Material Taxes

Material Taxes means an aggregate amount of all Taxes owing by the Company in excess of Fifty Thousand Dollars ($50,000).

Material Taxes means any Tax if the liability of the Company or any of its Subsidiaries therefore under applicable Law, exceeded or exceeds (a) $250,000 or (b) solely in the case of Section 5.1(n), $500,000.

Material Taxes means any Taxes the liability for which when aggregated with the liabilities for all other Taxes equals or exceeds $50,000.

Material Taxes means any particular Taxes which are material in amount when considered individually and those Taxes which are not material in amount when considered individually but which, when considered in the aggregate, are material in amount.

Material Taxes means an amount of Taxes in excess of $100,000 that has not been paid or otherwise provided for in the Alexco Financial Statements or the Hecla Financial Statements, as applicable.