Examples of Purchased Corporations in a sentence
The Purchaser covenants that it will not, or cause or permit either of the Purchased Corporations to, make any election or deemed election or make or change any Tax election, relating to a pre-Closing Tax period, or otherwise amend any Tax Return for a pre-Closing period, in each case that results in any increased Tax liability or reduction of any deduction, credit or loss carry-over of either of the Purchased Corporations in respect of any period ending on or before, or which includes, the Closing Date.
Neither of the Purchased Corporations is a party to any shareholder agreement.
The Purchaser will cause each of the Purchased Corporations to timely remit any Taxes shown as owing on its respective Tax Returns, provided that the Vendor shall promptly reimburse the Purchaser for any such Taxes (excluding any Taxes already taken into account in the Closing Indebtedness) and the amount of any such reimbursement will constitute a dollar-for-dollar decrease to the Purchase Price.
Evidence in form and substance satisfactory to the Purchaser of the release of all Liens, other than Permitted Liens, charging any of the Purchased Shares, the assets of either of the Purchased Corporations or the Owned Real Property.
Neither of the Purchased Corporations has granted any Person a power of attorney.