Common use of Agreement to Pay Penalties, Duties, Taxes, and Other Charges Clause in Contracts

Agreement to Pay Penalties, Duties, Taxes, and Other Charges. If any vessel, vehicle, or aircraft, or any master, owner, or person in charge of a vessel, vehicle or aircraft, slot charterer, or any non-vessel operating common car- rier as defined in § 4.7(b)(3)(ii) of this chapter or other party as specified in § 122.48a(c)(1)(ii)–(c)(1)(iv) or § 122.48b(c)(2) of this chapter, incurs a penalty, duty, tax or other charge pro- vided by law or regulation, the obligors (principal and surety, jointly and sev- erally) agree to pay the sum upon xx- xxxx by CBP. If the principal (carrier or operator) fails to pay the fees for processing letters, documents, records, shipments, merchandise, or other items on or before the last day of the month that follows the close of the calendar quarter to which the processing fees re- late pursuant to § 24.23(b)(4) of this chapter, the obligors (principal and surety, jointly and severally) agree to pay liquidated damages equal to two times the processing fees not timely paid to CBP as prescribed by regula- tion.

Agreement to Pay Penalties, Duties, Taxes, and Other Charges. If any vessel, vehicle, or aircraft, or any master, owner, or person in charge of a vessel, vehicle or aircraft, slot charterer, or any non-vessel operating common car- rier as defined in § 4.7(b)(3)(ii) of this chapter or other party as specified in § 122.48a(c)(1)(ii)–(c)(1)(iv) or § 122.48b(c)(2) of this chapterchap- ter, incurs a penalty, duty, tax or other charge pro- vided provided by law or regulation, the obligors (principal and surety, jointly and sev- erallyseverally) agree to pay the sum upon xx- xxxx demand by CBP. If the principal prin- cipal (carrier or operator) fails to pay the fees for processing letters, documentsdocu- ments, records, shipments, merchandisexxxxxxx- xxxx, or other items on or before the last day of the month that follows the close of the calendar quarter to which the processing fees re- late relate pursuant to § 24.23(b)(4) of this chapter, the obligors (principal and surety, jointly and severallysev- erally) agree to pay liquidated damages equal to two times the processing fees not timely paid to CBP as prescribed by regula- tionregulation.