Common use of Deferred Tax Clause in Contracts

Deferred Tax. The Company has made full provision for deferred Taxes in the accounts in accordance with the applicable Law and applicable accounting standards. No disposal has taken place or other event occurred which will have the effect of crystallizing a liability to Taxation which should have been included in the provision for deferred Taxation contained in the financial statements of the Company if such disposal or other event had been planned or predicted at Closing.