Definition of Tax Liabilities

  1. Tax Liabilities means all liabilities for Taxes.
  2. Tax Liabilities means all forms of taxes, fees, and related charges.4.6Within ten (10) Business Days of the issuance of the new business license of Party D, Party B and Party D shall immediately apply respectively to the foreign exchange administration authorities in their locality ("Local SAFEs") to obtain the required approvals for the remittance of the equity transfer price abroad. Upon completion of the approvals from the Local SAFEs, Party A and Party B shall instruct the Bank to immediately pay the transfer price of RMB320 million (RMB320,000,000) (including the Deposit, equivalent to 100% of the transfer price) in the Escrow Account to a bank account designated by Party A after adding Party A Receivable and less Party A Payable, and deducting enterprise income tax withheld and paid by Party B on behalf of Party A and obtaining tax payment certificate. Party A and Party B shall closely communicate and cooperate with the Bank in coordinating and handling the examination and approval formalities for the legitimate remittance of the transfer price to overseas to ensure that all the installments of the transfer price be remitted in full to an overseas bank account designated by Party A in accordance with the schedule stipulated under this Agreement.4.7Upon the execution of this Agreement, Party A and Party B agree that Party B shall be responsible for, at Party B's sole cost, applying to governmental authorities for the transformation of the Land in accordance with relevant laws and regulations, and Party B shall bear all the costs incurred in the application for the transformation. Party A shall cooperate with Party B and provide Party B with reasonable assistance, including but not limited to, the provision of all the necessary documents in the transformation application, affixing of chops, and signing of documents by the legal representative, etc.5.Representations and Warranties5.1For the purposes of this Agreement, Party A represents and warrants to Party B that to Party A's actual knowledge and except otherwise disclosed by Party A in writing:5.1.1All the documents, materials and information in connection with this Agreement provided by Party A to Party B are true, and there are no false records, misleading statements or significant omissions, and they are materially accurate, complete, and effective.5.1.2Party A has, to its actual knowledge, truly and completely disclosed to Party B any information which may have substantially adverse effect on Party D and its relevant assets and business before the execution of this Agreement; Party A warrants that after the execution of this Agreement it will not take any action which may have substantially adverse effect on Party D and its relevant assets and business. If any situation or information which may have substantially adverse effect on Party D and its relevant assets and business due to a reason prior to the Closing Date is found after the execution of this Agreement and before this transaction is complete, Party A shall remove the adverse effect promptly . If Party B suffers any actual damages so caused, Party A shall be responsible for the actual damages.

Examples of Tax Liabilities in a sentence

  1. Parent shall pay, or cause to be paid, any and all Taxes due or required to be paid with respect to or required to be reported on any Parent Separate Return (including any increase in such Tax Liabilities attributable to a Final Determination).
  2. Tax Liabilities with Respect to Forfeitures of Reimbursement Obligations.
  3. Post-Closing Actions Affecting Tax Liabilities for Pre-Closing and Straddle Periods.

Definition of Tax Liabilities in General Release

Tax Liabilities means all liabilities for Taxes.


Definition of Tax Liabilities in Tax Sharing Agreement

Tax Liabilities means all liabilities and obligations of the Parent and/or the Company for Taxes together with all costs and expense relating thereto (including professional fees and expenses).


Definition of Tax Liabilities in Plan of Merger

Tax Liabilities means any Liability for Taxes whether arising under applicable law, pursuant to contract or agreement, or otherwise.