Deductions at Source Sample Clauses
The 'Deductions at Source' clause establishes the right or obligation of one party to withhold certain amounts from payments due to another party, typically to comply with tax or regulatory requirements. In practice, this means that if a payment is subject to withholding tax or other mandatory deductions, the paying party will subtract the required amount before remitting the balance to the recipient. This clause ensures that legal obligations for tax or other statutory deductions are met, thereby protecting the paying party from potential penalties and ensuring compliance with applicable laws.
Deductions at Source. Seller has fulfilled all requirements under any applicable federal, state or local legislation for withholding of amounts from employees and has remitted all amounts withheld to the appropriate authorities within the prescribed time services.
Deductions at Source. Except as disclosed by the Vendor to the Purchaser, the Vendor has fulfilled all requirements under the Income Tax Act (Canada) and the regulations thereto, the Canada Pension Plan, the Employment Insurance Act (Canada) and any applicable provincial legislation, for withholding of amounts from its employees employed in connection with the Business and has remitted all amounts withheld to the appropriate authorities within the prescribed times.
Deductions at Source. If Licensee is required to deduct withholding tax at source from payments to Licensor, under applicable law, the Licensee will provide Licensor with reasonable assistance with Licensor’s efforts to claim an exemption from or reduction in any applicable tax withholdings and (if applicable) a refund of tax withheld, or to obtain a credit with respect to the tax paid.
Deductions at Source. The Corporation has fulfilled all requirements under the Income Tax Act (Canada) and the Regulations thereto, the Canada Pension Plan and the Unemployment Insurance Act, for withholding of amounts from employees and has remitted all amounts withheld to the appropriate authorities within the prescribed times.
Deductions at Source. The Vendor has fulfilled all requirements under the Income Tax Act (Canada) and the Regulations thereto, the Canada Pension Plan and the Unemployment Insurance Act and comparable legislation of each relevant jurisdiction of the withholding of amounts from employees and has remitted all amounts so withheld (together with all amounts payable as employer shares or contributions under or in respect of such legislation or as employer health tax or other salary or wage based tax or governmental charge) to the appropriate authorities within the prescribed times and has filed, in complete and accurate form, all information and other returns required pursuant to any such legislation within the time or times prescribed in respect thereof.
Deductions at Source. Each of the Corporation and the Subsidiaries has withheld from each payment made to any of its shareholders, officers, directors, non-resident creditors and employees the amount of all taxes and other deductions required to be withheld and has remitted all such amounts to the appropriate authorities within the prescribed times, and has otherwise fulfilled all requirements of all legislation governing such deductions and withholdings. Each of the Corporation and the Subsidiaries has remitted to the proper authorities all employer contributions due and payable under all social security, health and pension plans.
Deductions at Source. Seller has fulfilled all requirements under the Income Tax Act (Canada) and the Regulations thereto, the Canada Pension Plan, the Employment Insurance Act (Canada) and any applicable provincial legislation, for withholding of amounts from employees and has remitted all amounts withheld to the appropriate authorities within the prescribed times.