Compliance With Laws and Program Requirements. Borrower shall comply in all material respects with all applicable federal, state and local laws in the conduct of the work supported by Loan Funds. Neither Borrower nor any of its employees are or shall be deemed to be employees of Director for any purpose including, without limitation, application of the Fair Labor Standards Act minimum wage and overtime payment provisions, the Federal Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the provisions of the Internal Revenue Code, any state or local revenue or tax laws, state workers’ compensation laws and state unemployment insurance laws. Borrower accepts full responsibility for payment of all taxes including, without limitation, unemployment compensation insurance premiums, all income tax withholding, Social Security withholding, and any and all other taxes or payroll withholding required for all employees engaged by Borrower in the performance of the work supported by Loan Funds. The Borrower shall comply with requirements applicable to the Borrower which are imposed on the Borrower or the Director in connection with the Program.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Compliance With Laws and Program Requirements. Borrower shall comply in all material respects with all applicable federal, state and local laws in the conduct of the work supported by Loan Funds. Neither Borrower nor any of its employees are or shall be deemed to be employees of Director for any purpose including, without limitation, application of the Fair Labor Standards Act minimum wage and overtime payment provisions, the Federal Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the provisions of the Internal Revenue Code, any state or local revenue or tax laws, state workers’ compensation laws and state unemployment insurance laws. Borrower accepts full responsibility for payment of all taxes including, without limitation, unemployment compensation insurance premiums, all income tax withholdingdeductions, Social Security withholdingdeductions, and any and all other taxes or payroll withholding deductions required for all employees engaged by Borrower in the performance of the work supported by Loan Funds. The Borrower shall comply with requirements applicable to the Borrower which are imposed on the Borrower or the Director in connection with the Program.
Appears in 1 contract
Samples: Loan Agreement