Colorado Withholding Sample Clauses

Colorado Withholding. The Colorado Department of Revenue may require a portion of the Seller’s proceeds be withheld after Closing when Seller will not be a Colorado resident after Closing, if not otherwise exempt. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably requested documents to verify Seller’s status. If withholding is required, Seller authorizes Closing Company to withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or if an exemption exists.
Sample 1Sample 2Sample 3See All (42)
AutoNDA by SimpleDocs
Colorado Withholding. The Colorado Department of Revenue may require a portion of the Seller’s proceeds be withheld 243 after Closing when Seller will not be a Colorado resident after Closing, if not otherwise exempt. 244 12. DEPOSITS. Brokerage Firm is authorized to accept xxxxxxx money deposits received by Broker pursuant to a proposed contract 245 for the Sale of the Property. Brokerage Firm is authorized to deliver the xxxxxxx money deposit to the closing agent, if any, at or 246 before the closing of the contract for the Sale of the Property.
Sample 1Sample 2Sample 3See All (8)

Related to Colorado Withholding

  • Withholding The Company may withhold from any amounts payable under this Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.

  • Withholding of Taxes The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling.

  • Tax Withholding The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement.

  • Withholdings Notwithstanding any other provision in this Article II, the Receiver, upon the direction of the Director (or designee) of the Federal Deposit Insurance Corporation’s Division of Resolutions and Receiverships, may withhold payment for any amounts included in a Monthly Certificate delivered pursuant to Section 2.1, if in its good faith and reasonable judgment there is a reasonable basis under the requirements of this Single Family Shared-Loss Agreement for denying the eligibility of an item for which reimbursement or payment is sought under such Section. In such event, the Receiver shall provide a written notice to the Assuming Institution detailing the grounds for withholding such payment. At such time as the Assuming Institution demonstrates to the satisfaction of the Receiver, in its reasonable judgment, that the grounds for such withholding of payment, or portion of payment, no longer exist or have been cured, then the Receiver shall pay the Assuming Institution the amount withheld which the Receiver determines is eligible for payment, within fifteen (15) Business Days.

Time is Money Join Law Insider Premium to draft better contracts faster.