Deductions and Withholdings from Payments Sample Clauses

Deductions and Withholdings from Payments. (a) All payments by either Party under this Project Agreement will be made free and clear of any and all present Taxes except to the extent required by Law or as PPP Co. or the Authority (as appropriate) is expressly entitled under this Project Agreement/the Project Documents. If any withholding or deduction is made for or on account of Tax, the Party making such withholding or deduction will account to the relevant Taxation Authority for the appropriate amount and will provide to the other Party within a reasonable period of time the appropriate certificate or other suitable evidence of that Party accounting to the relevant Taxation Authority which the other Party may require in order to obtain any repayment, credit or relief in respect of the withholding or deduction. Any Party that is aware that it is required to make any withholding or deduction for or on account of any Tax from any payment yet to be made will notify the other Party no later than ten (10) Business Days in advance of the making of such payment and the intended recipient of such payment can instruct the intended payer of such payment to delay such payment until further notified by the intended recipient.
Sample 1
AutoNDA by SimpleDocs
Deductions and Withholdings from Payments. 32.3 All Subsidy Payments to be made by the Minister under this Agreement are stated on a gross basis but the Minister may make any deduction or withholding on account of Tax as is required by Law or as the Minister is entitled under this Agreement unless, in either case, within at least five (5) Working Days prior to the making by the Minister of a Subsidy Payment, NBPco produces to the Minister a valid certificate of authorisation or other appropriate document from a relevant competent authority (including the Irish Revenue Commissioners) which, by Law, enables the Minister to make any Subsidy Payment without a deduction or withholding. For clarity, but subject to the foregoing sentence, the Minister may make any deduction or withholding on account of Tax which does not arise under the requirements of any Law at the Commencement Date but which arises at any future date under any circumstances, including any Change in Law (save where NBPco has produced to the Minister a valid certificate of authorisation or other appropriate document as specified in the first sentence of this Clause 32.3 (Tax)). NBPco shall accept the net amount paid after deduction or withholding in discharge of the Minister’s liability to the same extent as if the deduction or withholding had not been made.
Sample 1
Deductions and Withholdings from Payments. All payments by either Party under this Project Agreement will be made free and clear of any and all present Taxes except to the extent otherwise required by Law [or as PPP Co. or the Authority (as appropriate) is expressly entitled under this Project Agreement/the Project Documents]. If any withholding or deduction is made for or on account of Tax, the Party making such withholding or deduction will account to the Revenue Commissioners21 for the appropriate amount and will provide to the other Party within a reasonable period of time the appropriate certificate or other suitable evidence of that Party accounting to the Revenue Commissioners which the other Party may require in order to obtain any repayment, credit or relief in respect of the withholding or deduction. Any Party that is aware that it is required to make any withholding or deduction for or on account of any Tax from any payment yet to be made will notify the other Party no later than [ten (10)] Business Days in advance of the making of such payment [and the intended recipient of such payment can instruct the intended payer of such payment to delay such payment until further notified by the intended recipient]22. Without prejudice to the generality of Clause 26.1(a) (Deductions and Withholdings from Payments), the Authority may make any of the deductions or withholdings as are required by Chapter 2 of Part 18 of the Taxes Act (Payments to sub-contractors in certain industries), unless the PPP Co. produces to the Authority at least [twenty (20)] Business Days before the date of the payment by the Authority a valid certificate of authorisation required to enable the Authority to make the payment without a withholding or deduction (currently a C2 certificate and a valid relevant payments card (RCT 47)) which cover the payment in question and for the avoidance of doubt, the Parties do not intend such deductions and withholdings to be an exhaustive list of all circumstances in which a deduction or withholding may arise, but this Clause 26.1(b) (Deductions and Withholdings from Payments) will govern Chapter 2 of Part 18 of the Taxes Act (Payments to sub-contractors in certain industries). Tax Clearance Certificates in relation to Public Sector Contracts. PPP Co. will comply with all relevant obligations referred to in Section 1095 of the Taxes Act (Tax clearance certificates in relation to public sector contracts), will provide the Authority with an appropriate Tax Clearance Certificate referred to...
Sample 1

Related to Deductions and Withholdings from Payments

  • DEDUCTIONS FROM PAY 24.01 The Employer shall continue to make necessary or approved deductions from an employee's pay for fringe benefits, taxes and other customary purposes and provide the employee with a statement of such deductions with each pay cheque.

  • DEDUCTIONS FROM SALARY A. The Board agrees to deduct from teachers’ salaries membership dues and assessments for the Xxxxxx County Education Association, the Maryland State Teachers’ Association, and the National Education Association as said teachers individually and voluntarily authorize to deduct through an appropriate written authorization form prepared by the Association. The Board agrees to transmit such monies promptly to the Association.

  • DEDUCTION FROM SALARY A. The Board agrees to deduct from the salaries of its employees dues for the Flemington-Raritan Education Association, Hunterdon County Education Association, the New Jersey Education Association, and the National Education Association, as said teachers individually and voluntarily authorize the Board to deduct. Said deductions shall be made in compliance with N.J.S.A. 52-14-15.9(e) and under rules established by the State Department of Education. Said moneys, together with records of any corrections, shall be transmitted to the Treasurer of the Flemington-Raritan Education Association by the 15th of each month following the monthly pay period in which deductions were made. Upon termination of employment of any teacher, the disbursing officer shall deduct any remaining amount due for that current school year. The Association Treasurer shall disburse such moneys to the appropriate association or associations. Teacher authorizations shall be in writing in the form set forth: AUTHORIZATION TO DEDUCT ASSOCIATION MEMBERSHIP DUES Name Soc. Sec. # School Bldg. District To: Disbursing Officer Board of Education I hereby request and authorize the above-named disbursing officer to deduct from my earnings an amount sufficient to provide for the payment of those yearly membership dues, as certified by the organizations indicated, in equal monthly payments for all or part of the current school year and for the succeeding school year. I understand that the disbursing officer will discontinue such deductions only if I file such notice of withdrawal which shall be effective to halt deductions as of the January 1st or July 1st date. I also agree that upon termination of employment, the disbursing officer shall deduct any remaining amount due for that current school year. I hereby waive all right and claim for said moneys so deducted and transmitted in accordance with this authorization, and relieve the governing Board and all its officers from any liability thereof. I designate the Flemington-Raritan Education Association to receive dues and distribute according to the organizations named: Flemington-Raritan Education Association $ Hunterdon County Education Association $ New Jersey Education Association $ National Education Association $

  • Withhold Payments If Contractor fails to provide Services in accordance with Contractor's obligations under this Agreement, the City may withhold any and all payments due Contractor until such failure to perform is cured, and Contractor shall not stop work as a result of City's withholding of payments as provided herein.

  • DEDUCTIONS FROM WAGES 3.01 Deductions from wages, approved by the Company, except those required by law, order-in-council, or Government regulations including union dues, shall be made only on written authorization signed by the employee.

  • PAYROLL TAXES Employer shall have the right to deduct from the compensation and benefits due to Employee hereunder any and all sums required for social security and withholding taxes and for any other federal, state, or local tax or charge which may be in effect or hereafter enacted or required as a charge on the compensation or benefits of Employee.

  • Withholding Payments The State reserves the right to withhold payment of the Engineer's billing statement in the event of any of the following: (1) If a dispute over the work or costs thereof is not resolved within a thirty day period; (2) pending verification of satisfactory work performed; (3) the Engineer becomes a delinquent obligor as set forth in Section 231.006 of the Family Code; (4) required reports are not received; or (5) the State Comptroller of Public Accounts will not issue a warrant to the Engineer. In the event that payment is withheld, the State shall notify the Engineer and give a remedy that would allow the State to release the payment.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • 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.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!