Common use of Tax Reserves Clause in Contracts

Tax Reserves. The Company and the Company Subsidiaries have established (and until the Closing Date will maintain) on their books and records reserves which adequately reflect its estimate of the amounts required to pay all Taxes in accordance with GAAP.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Eagle Point Software Corp), Agreement and Plan of Merger (Midamerican Energy Holdings Co /New/), Agreement and Plan of Merger (Sokol David L)

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Tax Reserves. The Company and the Company Subsidiaries have has established (and until the Closing Date will maintain) on their books and records records, including in the Company Financial Statements (i) reserves which adequately reflect its estimate of the amounts required adequate to pay all Taxes and all deficiencies in Taxes asserted, proposed or threatened against the Company and (ii) reserves for deferred income taxes, in each case in accordance with GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Appliedtheory Corp)

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Tax Reserves. The Company and the Company Subsidiaries have has established (and until the Closing Date will maintain) on their its books and records records, including the Company Financial Statements (i) reserves which adequately reflect its estimate of the amounts required adequate to pay all Taxes and all deficiencies in Taxes asserted, proposed or threatened against the Company and (ii) reserves for deferred income taxes, in each case in accordance with GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pure Vanilla Exchange Inc)

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