APPRAISAL AND CHARITABLE DEDUCTION Sample Clauses

APPRAISAL AND CHARITABLE DEDUCTION. The Donor intends that the fair market value of the Real Property shall be a noncash charitable contribution to the Donee, but the Donor understands and acknowledges that the Donee makes no representation regarding the fair market value of the Real Property and legal or tax consequences of the transactions contemplated by this Agreement. The Donor is responsible for obtaining a qualified appraisal of Real Property and the Donor shall be solely responsible for compliance with the gift value substantiation requirements of the IRC. The Donor shall obtain, at the Donor’s sole cost and expense, a qualified appraisal of the Real Property, as required by the Internal Revenue Service (the “IRS”) and the IRC to substantiate any charitable deduction taken by the Donor. The Donor shall obtain a qualified appraisal stating the appraised value (the “Appraised Value”) as close to the Effective Date as is feasible. The Donee will sign the acknowledgment section of IRS Form 8283 that is correctly completed by Xxxxx and/or Xxxxx’s qualified appraiser, and will provide contemporaneous acknowledgement of the Donor’s gift-in-kind. Xxxxx’s acknowledgement will disclose whether anything of value was conferred upon Xxxxx in exchange for the donation, including reimbursement for costs associated with making the gift. In the event the Donee sells the Real Property within three (3) years of the donation, then the Donee shall be responsible for completing and filing IRS Form 8282 and will send a copy of that form to the Donor. The Donor shall be solely responsible for any audits, assessments, penalties, taxes, costs, or liabilities that may arise from the charitable deduction claimed by the Donor in this transaction and shall defend, indemnify, and hold the Donee harmless for any claims related to the same. Xxxxx is advised to seek her own legal and/or tax counsel for the gift contemplated in this Agreement and has not relied on any representation from Donee related to the gift provided in this Agreement or elsewhere.
Sample 1
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Related to APPRAISAL AND CHARITABLE DEDUCTION

  • LOCAL AND BCTF DUES DEDUCTION 1. The employer agrees to deduct from the salary of each employee covered by this Collective Agreement an amount equal to the fees of the BCTF according to the scale established pursuant to its constitution and by-laws, inclusive of the fees of the local in the district, according to the scale established pursuant to its constitution and by-laws, and shall remit the same to the BCTF and the local respectively. The employer further agrees to deduct levies of the BCTF or of the local established in accordance with their constitutions and by-laws, and remit the same to the appropriate body.

  • Tax and Flood Determination Fees Lender may require Borrower to pay (i) a one-time charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan, and (ii) either (A) a one-time charge for flood zone determination, certification, and tracking services, or (B) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur that reasonably might affect such determination or certification. Xxxxxxxx will also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency, or any successor agency, at any time during the Loan term, in connection with any flood zone determinations.

  • Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party.

  • Expert Determination If a Dispute relates to any aspect of the technology underlying the provision of the Goods and/or Services or otherwise relates to a financial technical or other aspect of a technical nature (as the Parties may agree) and the Dispute has not been resolved by discussion or mediation, then either Party may request (which request will not be unreasonably withheld or delayed) by written notice to the other that the Dispute is referred to an Expert for determination. The Expert shall be appointed by agreement in writing between the Parties, but in the event of a failure to agree within ten (10) Working Days, or if the person appointed is unable or unwilling to act, the Expert shall be appointed on the instructions of the relevant professional body. The Expert shall act on the following basis: he/she shall act as an expert and not as an arbitrator and shall act fairly and impartially; the Expert's determination shall (in the absence of a material failure to follow the agreed procedures) be final and binding on the Parties; the Expert shall decide the procedure to be followed in the determination and shall be requested to make his/her determination within thirty (30) Working Days of his appointment or as soon as reasonably practicable thereafter and the Parties shall assist and provide the documentation that the Expert requires for the purpose of the determination; any amount payable by one Party to another as a result of the Expert's determination shall be due and payable within twenty (20) Working Days of the Expert's determination being notified to the Parties; the process shall be conducted in private and shall be confidential; and the Expert shall determine how and by whom the costs of the determination, including his/her fees and expenses, are to be paid.

  • Union Dues Deduction The Company will deduct union dues from new employees who have worked a minimum of forty (40) hours.

  • Union Dues Deductions It shall be a condition of employment for all Nurses in the Bargaining Unit, that dues be deducted from their bi-weekly salary in the amount determined by the Union. The deductions for newly employed Nurses shall be in the first pay period of employment. The dues shall be submitted monthly to the Union together with a list of the Nurses from whom the deductions were made.

  • Association Dues Deduction ‌ When the Association provides written authorization to the Employer for deduction of membership dues, the Employer will deduct from the employee’s salary, an amount equal to the dues required to be a member of the Association, depending on their permanent or non-permanent dues rate. The Agency will provide payments for all said deductions to the Association each pay period.

  • Membership Dues Deduction Any unit member who is a member of the Teachers 20 Association of Long Beach, CTA-NEA, or who has applied for membership, may 21 pay a lump sum cash payment to the Association or sign and deliver to the District 22 an assignment authorizing deduction of unified membership dues, initiation fees and 23 general assessments in the Association. Pursuant to such authorization, the District 24 shall deduct one-tenth (1/10) of such dues from the regular salary warrant of the unit 26 authorization after the commencement of the school year shall have deducted one- 28 periods.

  • Dues Deduction 6.2.1 The District shall deduct, in accordance with the CSEA dues and service fee schedule approved by the CSEA delegates, dues from the wages of all employees who are members of CSEA on the date of the execution of this Agreement, and who have submitted dues authorization forms to the District.

  • Special Duty Pay (A) High Work Differential. When an employee is required to perform work more than twenty (20) feet directly above the ground or water and use of safety ropes, scaffolds, boatswain chairs or other similar safety devices are required for support, the employee shall receive a high work differential. Rate: One dollar and fifty cents ($1.50) per hour.

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