U-GENE definition
U-GENE has filed or caused to be filed on a timely basis all income, property and other tax returns that are or were required to be filed by U-Gene or the U-Gene Subsidiaries, either separately or as a member of a group of corporations, pursuant to applicable legal requirements. U-Gene has paid, or has made provision for the payment of, all taxes of any nature, including income, property and other taxes, that have or may have become due pursuant to those tax returns or otherwise, or pursuant to any assessment received by the Sellers or the U-Gene Companies excepting only such taxes, if any, listed on Schedule 2.2(m), as are being contested in good faith and as to which adequate reserves (determined in accordance with Netherlands generally accepted accounting principles) have been provided on the U-Gene Financial Statements. Schedule 2.2(m) also sets forth a complete and accurate list of all tax audits since 1991, including all ongoing tax audits, of or relating to the U-Gene Companies, including a reasonably detailed description of the nature and outcome of each audit. All deficiencies proposed as a result of any such audit have been paid, reserved against or settled. There is no tax sharing agreement that will require any payment by the U-Gene Companies after the date of this Agreement.
U-GENE means U-Gene Research B.V., a company based in Utrecht, The Netherlands.
U-GENE has the meaning set forth in the Statement of Purpose.
Examples of U-GENE in a sentence
Sellers own all of the issued and paid up capital stock of U-GENE RESEARCH B.V., a Netherlands corporation with its registered office in Utrecht ("U-Gene").