Buyer will not make deductions from its fees to Seller for taxes, insurance, bonds or any other subscription of any kind. On request, Seller shall provide Buyer with proof of timely payment thereof. 6. CHANGES. From time to time during the term of the Agreement, Buyer may...
tax status, income and expenses of the Property, (iii) the Property will be purchased by Buyer "AS IS" and "WHERE IS" and with all faults and, upon closing, Buyer shall assume responsibility for the physical condition of the Property, and (iv) Buyer will have decided to purchase the P...
q) The Bank is validly existing and in good standing under the banking laws of the State of Kansas and the United States of America, is an insured depository institution under the supervision of the Federal Deposit Insurance Corporation with all other appropriate insurance and bonds in full ...
TAX-EXEMPT STATUS: In the opinion of Chapman and Cutler LLP, Bond Counsel, subject to the City's compliance with certain covenants, under present law, interest on the Bonds (a) is excludable from gross income of the owners thereof for federal income tax purposes, (b) is not included as ...
with respect to former salaried and non-salaried Employees who are retired as of the Closing, and (B) federal and state income tax liability, arising by reason of the Seller's failure, through any act or omission before, on or after the Closing Date, to comply with the requirements of ...
Federal income tax returns, a group of which FDS is the common parent or otherwise has any potential liability with respect to the Taxes of any other person (other than the Company or the Subsidiary) under Treasury Regulation Section 1.1502-6. (g) No written notification from a Governmental...
structures and other improvements located on the Real Property are being used and occupied in substantial compliance with and conform to all building, zoning, use and occupancy laws, codes, ordinances, rules, regulations and restrictions, whether federal, state or local, including all such laws whic...
"Merchant Reserve Account" means (i) one or more accounts maintained and controlled by Transferor for the deposit of funds received from Merchants pursuant to their respective Merchant Agreements, and (ii) all letters of credit, bonds, insurance policies, guarantees, and all other security and col...
“Indebtedness” means, with respect to any Person, any liability, whether or not contingent, (a) in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments; (b) representing the balance deferred and unpaid of the purchase price of any property or services (...
federal income Tax purposes; (xiii) the Stockholders shall deliver to the Buyer evidence satisfactory to the Buyer (as determined in the Buyer’s sole discretion) of the termination of Affiliate Transactions in accordance with Section 5.6; (xiv) the Stockholders shall deliver to the Buyer the...