CRS. Child safety restraint system, such as an infant- or child-safety seat.
CRS. 11.2.1 The Common Reporting Standard (“CRS”) was created by the Organisation for Economic Cooperation & Development "OECD" to automatically exchange tax related information of individuals and entities. Financial institutions of the participating jurisdictions (those that signed the Multilateral Competent Authority Agreement) are obliged to collect and report specific information to their local authority. This financial regulation aims to protect the integrity of tax systems and governments globally.
11.2.2 The Client acknowledges and consents that The Company is required to provide information gathered, to the tax authorities/governmental institution as per the CRS requirements. As a result, The Company, being located in Cyprus is considered a reporting financial institution and is therefore required to determine whether the Client, being the “Account holder” of a “Financial account”, either an entity or an individual, is a tax reportable person under the legislative requirement specifically if the Client is a resident of any of the participating jurisdictions for tax purposes. In cases where the Client is considered a reportable person i.e., falls under the jurisdiction adopting the CRS legislation, the Company may be required to provide the national tax authority information about the Client, and such information may be shared/ exchanged between the relevant countries’ tax authorities.
11.2.3 In cases where the country of residence, stated by the Client through the Portal, does not fall under the “reportable” jurisdiction, however the Client is tax resident in a “reportable” jurisdiction, it is the liability of the Client to contact the Company and declare the reportable tax resident country(ies), as per OECD*. The Client agrees and acknowledges The Company’s obligation to disclose the information for purposes of CRS reporting, and the Client undertakes to inform The Company in writing, immediately, of any changes to information previously provided.
11.2.4 The Client furthermore agrees that any information provided to The Company in any form, including information on controlling persons of legal entities, along with the “Tax identification number” (“TIN”) shall be used for reporting purposes. Any information regarding the current and future status of the Client’s financial accounts, including the balances, along with relevant personal information may be reported. The Client understands and agrees that The Company does not provide the Client with tax advi...
CRS. Article 17.5
CRS. 5.15.1 In case the Commissioning of the PHESS is delayed beyond the date as indicated in 5.15.1, (that is 180 days from SCOD) the Contracted Capacity shall stand reduced/ amended to the Capacity Commissioned and the ESFA for the balance capacity will stand terminated and shall be reduced from the selected Contracted Capacity.
5.15.2 The maximum time period allowed for achievement of Commercial Operation Date with payment of Liquidated Damages shall be limited to 6 months from the SCOD (For example, if the signing of ESFA is 1st April 2024, then
5.15.3 SCOD shall be 31st March 2028, irrespective of holidays.). In case, the achievement of COD is delayed beyond 6 months from the SCOD, it shall be considered as a Developer Event of Default and provisions of Article 16 shall apply.
CRS. Following the creation of the Common Reporting Standard (“CRS”), as introduced by the Organization for Economic Cooperation & Development ("OECD") for automatic exchange of tax related information for individuals and entities, the Company, being a financial institution within the participating jurisdiction, is required to collect and report specific information about client(s) who fall under the reportable category, to the local authority. In this regard, the Company shall determine whether the Client, being an account holder of a financial account, either as an entity or an individual, is considered a “tax reportable person”
i. e. if the Client is considered being a resident of any of the participating jurisdictions for tax purposes. In cases where the Client is considered a tax reportable person, the Company shall perform the relevant reporting to the local authorities. It is the Client’s duty and responsibility to declare to the Company if the Client falls under the category of tax reportable person, as per OECD, and to define the relevant jurisdiction. The Client agrees and acknowledges that the Company shall disclose the information for the purposes of CRS reporting, and the Client undertakes to inform the Company, in writing, immediately, of any changes to information previously provided. The Client furthermore agrees that any information provided to the Company in any form, including information on controlling persons of legal entities, along with the “Tax identification number” (“TIN”) shall be used for reporting purposes. Any information regarding the current and future status of the Client’s financial accounts, including the balances, along with relevant personal information may be reported. The Client understands and agrees that the Company does not provide the Client with tax advice and/or to perform any legal analysis to determine the reasonableness of self-certifications. It is recommended to consult a professional tax advisor or visit the OECD’s “Automatic Exchange of Information” website for further information.
CRS. (b) In case the Commissioning of the Project is delayed beyond the date as indicated in 5.13.1 (c), the Contracted Capacity shall stand reduced/ amended to the Part Capacity Commissioned till date. Procurement of the balance capacity shall be at the sole discretion of the Procurer and the AFC for the same shall be lower of the (a) the rates discovered in the latest competitive bid in the country for providing storage services from any technology, or (b) 75% of the AFC quoted by the Developer.
(c) In case of delay in commissioning of the PHESS due to Force Majeure or due to reasons beyond the reasonable control of the Developer, Procurer may extend the Scheduled COD after examining the issue on a case-to-case basis, subject to extension of requisite performance security by the developer. Any decision of the Procurer shall be binding on the Developer.
(d) Xxxxxxxx will share the computation of penalty in accordance with clause 5.13.3
(a) above and share the statement of computation with the Developer.
CRS. Each airline operates its own CRS, which is a computerised booking and ticketing system. Airlines use CRSs to manage their seat inventory, marketing and ticketing processes. Accordingly, CRSs play an important role in an airline’s sales methodology and yield management processes (discussed elsewhere in this Schedule at 3(h)). An airline can analyse the likely returns on a particular flight and adjust the number of tickets it makes available in each fare class on that flight immediately in its CRS.
CRS. AF represents and warrants to Newco, as of the Effective Date and as of the Closing Date, upon which representations and warranties Newco has relied and will continue to rely, and which representations and warranties shall survive the Closing as provided in Section 8.1 hereof and shall not be deemed to have merged into any of the documents executed or delivered at the Closing, that:
CRS. The Bid processing fee and Bid Security shall be submitted in the form of separate Demand Draft issued by a Nationalised Bank / Scheduled (except Co-operative) Bank of India in favour of “FA,TSRTC, Hyderabad” and payable at Hyderabad shall accompany the Bids.
22. Performance Security The Successful Bidder shall submit the Performance Security for an amount Rs.10.50 Crs, in the form of Bank Guaranty as a pre-condition for signing of Authorisation Agreement valid for 48 months (Four Years) from the date of signing of Authorisation Agreement.
23. Bid Evaluation Outer Envelope: Mandatory Compliance along with Bid Security Envelope 1 Financial Capability, experience Statements & Technical details. Envelope 2 (Price Bid): Highest amount of Annual Lease rentals quoted on base lease rentals.
24. Outer Envelope a. Check List of Submissions as per Appendix A1. b. Covering Letter of Bid submission in the prescribed format (Appendix – A2) along with necessary enclosures and supporting documents; c. Proof of purchase of the RFP document.
1. The prospective Bidder can purchase the RFP document from TSRTC, address as specified in the clause of RFP, on payment of a non- refundable fee of Rupees Rs.11,450/- (Rupees Eleven thousand four hundred and fifty only) by way of demand draft drawn on a Nationalised/Scheduled (except Co-operative) bank in favour of “FA , TSRTC Hyderabad” and payable at Hyderabad.
2. If the RFP is downloaded the Cost of RFP to be enclosed in form of DD. Bids without the proof of purchase of RFP and downloaded RFP without the cost of RFP will be rejected. d. Bid processing fee of Rs 57,250.00(including tax). e. Bid Security for the amount as specified in item No.21 above. f. Power of Attorney for signing of Bid in the prescribed format (Appendix – A8); g. If applicable, the Power of Attorney for Lead Member of Consortium in the prescribed format (Appendix – A7); h. In case where the Bidder is: A company: Copy of Memorandum and Articles of Association, • A registered partnership firm Registration certificate of the firm issued by the registrar of firms and the partnership deed executed between the partners • A registered proprietorship firm - copies of telephone/electricity/mobile bill, PAN, latest income tax return indicating there in the name, residential address, registration certificate from the registrar of the state, and copies of service tax and central excise registration certificate; i. Copies of single entity’s of Consortium Member’s duly Audi...
CRS. The OECD’s CRS provides for the automatic exchange of financial account information in tax matters. New Zealand gave effect to the CRS from July 1, 2017. Certain New Zealand financial institutions are required to conduct customer on-boarding requirements and due diligence in respect of certain financial accounts and report information to the New Zealand Inland Revenue Department. The Inland Revenue Department may then provide this information to the tax authorities of other jurisdictions, with the first government to government exchange of information to take place by September 30, 2018. Holders of Notes may be required to provide certain information and certifications to ensure compliance with the CRS. New Zealand financial institutions that do not fully comply with the CRS may be subject to administrative penalties. The RBNZ imposes restrictions on high LVR residential mortgage lending. Revised conditions of registration came into force on October 1, 2016, requiring New Zealand banks to restrict new non property-investment residential mortgage lending over 80% LVR to no more than 10% of the dollar value of a bank’s new non property-investment residential mortgage lending. New Zealand banks must also restrict property investment residential mortgage lending over 60% LVR to no more than 5% of the dollar value of a bank’s new property investment residential mortgage lending. The RBNZ has also established a specific asset class for loans to residential property investors. New Zealand banks (including ANZ New Zealand) are required to hold more capital for loans to residential property investors because of higher ‘Loss Given Default’ rates and higher correlation factors for this asset class than for the non property-investment lending asset class. On November 29, 2017, the RBNZ announced adjustments to LVR restrictions. From January 1, 2018, the restrictions will require that no more than 15% (currently 10%) of a bank’s new mortgage lending to owner occupiers can be at LVRs of more than 80%, and no more than 5% of a bank’s new mortgage lending to residential property investors can be at LVRs of more than 65% (currently 60%).
