Consistency in Reporting Clause Samples
The Consistency in Reporting clause requires parties to maintain uniformity in the way they prepare and present reports or disclosures throughout the duration of an agreement. This typically means that financial statements, progress updates, or compliance documents must follow the same accounting methods, formats, or standards as previously established, unless a change is agreed upon by all parties. By enforcing consistent reporting practices, the clause ensures comparability over time, reduces confusion, and helps prevent disputes arising from changes in reporting methods.
Consistency in Reporting. Each party hereto agrees that if the characterization of any transaction contemplated in this agreement or any ancillary or collateral transaction is challenged, each party hereto will testify, affirm and ratify that the characterization contemplated in such agreement was the characterization intended by the party; provided, however, that nothing herein shall be construed as giving rise to any obligation if the reporting position is determined to be incorrect by final decision of a court of competent jurisdiction.
Consistency in Reporting. Each party hereto agrees that: (i) the transaction is intended to qualify as a tax-free transaction under the Code; (ii) the transaction shall be reported for Federal income tax purposes as a tax-free transaction; (iii) for purposes of all financial statements, tax returns and reports, and communications with third parties, the transactions contemplated in this agreement and ancillary or collateral transactions will be treated as a tax-free transaction; and (iv) if the characterization of any transaction contemplated in this agreement or any ancillary or collateral transaction is challenged, each party hereto will testify, affirm and ratify that the characterization contemplated in such agreement was with the characterization intended by the party; provided, however, that nothing herein shall be construed as giving rise to any obligation if the reporting position is determined to be incorrect by final decision of a court of competent jurisdiction.
Consistency in Reporting. 25 9.2 Indemnity.....................................................................................25 ARTICLE X MISCELLANEOUS PROVISIONS
Consistency in Reporting. 7 Conversion of Securities; Exchange of Certificates . 4 1.8
Consistency in Reporting. (a) Each party hereto agrees that: (i) the Merger is intended to qualify as a tax-free reorganization under Internal Revenue Code of 1986; (ii) the Merger shall be reported for Federal income tax purposes as a tax-free reorganization; (iii) for purposes of all financial statements, tax returns and reports, and communications with third parties, the transactions contemplated in this Agreement and all ancillary or collateral transactions will be treated as a tax-free reorganization; (iv) if the characterization of any transaction contemplated in this Agreement or any ancillary or collateral transaction is challenged, each party hereto will testify, affirm, and ratify that the characterization contemplated in such agreement was the characterization intended by the parties; provided, however, that nothing herein shall be construed as giving rise to any obligation and party hereto if the reporting position is determined to be incorrect by final decision of a court of competent jurisdiction; and the parties hereto acknowledge that no tax ruling as to the tax free nature of this transaction has been requested from the Internal Revenue Service and accordingly same will not be received.
(b) To the extent that a characterization of a particular transaction is not expressed or contemplated by this Agreement or by an agreement executed in connection with the transaction contemplated herein, and the transaction is not ancillary or collateral to a transaction that is so characterized, the treatment of such a transaction shall be as agreed to by the parties or, lacking agreement, as the chartered accountants of Aquagenix determine to be most equitable.
Consistency in Reporting. You agree not to take any position inconsistent with this treatment for tax purposes unless required by law.
Consistency in Reporting. (a) Each party hereto agrees that: (i) the Merger is intended to qualify as a tax-free reorganization under Internal Revenue Code of 1986; (ii) the Merger shall be reported for Federal income tax purposes as a tax-free reorganization; (iii) for purposes of all financial statements, tax returns and reports, and communications with third parties, the transactions contemplated in this Agreement and all ancillary or collateral transactions will be treated as a tax-free reorganization; and (iv) if the characterization of any transaction contemplated in this Agreement or any ancillary or collateral transaction is challenged, each party hereto will testify, affirm, and ratify that the characterization contemplated in such Agreement was the characterization intended by the parties; provided, however, that nothing herein shall be construed as giving rise to any obligation and party hereto if the reporting position is determined to be incorrect by final decision of a court of competent jurisdiction.
(b) To the extent that a characterization of a particular transaction is not expressed or contemplated by this Agreement or by an agreement executed in connection with the transaction contemplated herein, and the transaction is not ancillary or collateral to a transaction that is so characterized, the treatment of such a transaction shall be as agreed to by the parties or, lacking agreement, as the chartered accountants of Parent determine to be most equitable.
Consistency in Reporting. Each party hereto agrees that:
i. the transaction is intended to qualify as a tax-free transaction under the Code;
ii. if the characterization of any transaction contemplated in this agreement or any ancillary or collateral transaction is challenged, each party hereto will testify, affirm and ratify that the characterization contemplated in such agreement was with the characterization intended by the party; provided, however, that nothing herein shall be construed as giving rise to any obligation if the reporting position is determined to be incorrect by final decision of a court of competent jurisdiction.