Florida Taxes Clause Samples
The "Florida Taxes" clause defines the responsibilities of the parties regarding the payment and handling of taxes imposed by the state of Florida in connection with the agreement. Typically, this clause clarifies whether the seller or buyer is responsible for state sales tax, use tax, or other applicable Florida taxes arising from the transaction. For example, it may specify that the buyer must pay any Florida sales tax due on the purchase of goods or services. The core function of this clause is to allocate tax liability clearly, preventing disputes and ensuring compliance with Florida tax laws.
Florida Taxes. In connection with this transaction there may or may not be due certain documentary stamp taxes and/or intangible taxes imposed by the State of Florida (the “Florida Taxes”). In addition to (and not in limitation of) the indemnification with respect to tax liabilities set forth herein, the Borrower agrees to indemnify the Agent, the Arranger and each Bank, their directors, officers, agents and employees from and against any and all liability, damage, loss, cost, expense or reasonable attorney fees which may accrue to or be sustained by the Agent, the Arranger, a Bank or their directors, officers, agents or employees on account of or arising from any claim or action raised by, filed or brought by or in the name of any Florida governmental or administrative department with respect to non-payment of the Florida Taxes against the Agent, a Bank, or any of their directors, officers, agents or employees.
Florida Taxes. The Administrative Agent shall have received either: (i) execution and delivery affidavits evidencing execution and delivery of this Agreement and the Notes outside of the State of Florida; or (ii) evidence that all applicable Florida stamp tax fees have been paid or will be paid contemporaneously with closing of the transactions contemplated hereby.
Florida Taxes. 32 6.29 Export/Import Control Regulations..........................32 6.30 Absence of Currency Controls...............................32 6.31 Executory Contracts, Unexpired Leases......................32
Florida Taxes. Future Tech shall comply with the requirements of Section 212.10 and Chapter 220 of the Florida Statutes and the regulations promulgated thereunder by the Florida Department of Revenue in order to insulate Buyer from transferee liability for unpaid taxes owed by Future Tech to the State of Florida pursuant to Chapters 212 and 220, respectively, of the Florida Statutes.
Florida Taxes. In connection with this transaction there may or may not be due certain documentary stamp taxes and/or intangible taxes imposed by the State of Florida (the "Florida Taxes"). In addition to (and not in limitation of) the indemnification with respect to tax liabilities set forth herein, the Borrower agrees to indemnify the Agent and
Florida Taxes. (a) All Florida documentary stamp taxes and all Florida nonrecurring intangible taxes due and payable in connection with the Secured Obligations prior to the Restatement Effective Date were paid upon recording of the Florida Mortgages, (b) no document (including, without limitation, this Agreement) evidencing, creating, extending, renewing or modifying any of the Secured Obligations has been executed by any person or entity (excluding the payees or other beneficiaries thereof) other than those persons and entities who were obligated to pay the Secured Obligations at the time that the Florida Mortgages were originally recorded and (c) this Agreement does not increase the face amount (i.e., the maximum amount) of any line of credit or other revolving Secured Obligation and the principal balance of the term Secured Obligations (including any Loan made under Section 11.10(b) of this Agreement) plus any accrued and unpaid interest as of the Restatement Effective Date is less than or equal to the principal balance of the term Secured Obligations immediately prior to the Restatement Effective Date. As used in this Section 6.26, the following terms have the following meanings: (i) "Secured Obligations" means the term "Obligations" as defined in the Florida Mortgages, as amended by the Florida Mortgage Amendments and this Agreement; (ii) "Florida Mortgages" means the collective reference to (A) the thirty-one (31) instruments entitled "Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" made by the Company (doing business in Florida as AmeriGas Propane, Limited Partnership"), as mortgagor, to the Agent (then known as Bank of America National Trust and Savings Association), as mortgagee, and recorded in various counties in the State of Florida on various dates in 1995, as amended by the following instruments made between the Company, as mortgagor, and the Agent, as mortgagee: the instruments entitled "First Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of September 22, 1997, the instruments entitled "Second Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of March 25, 1999 and the instruments entitled "Third Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of June 6, 2000, some of which have b...
Florida Taxes. (a) All Florida documentary stamp taxes and all Florida nonrecurring intangible taxes due and payable in connection with the Secured Obligations prior to the Restatement Effective Date were paid upon recording of the Florida Mortgages, (b) no document (including, without limitation, this Agreement) evidencing, creating, extending, renewing or modifying any of the Secured Obligations has been executed by any person or entity (excluding the payees or other beneficiaries thereof) other than those persons and entities who were obligated to pay the Secured Obligations at the time that the Florida Mortgages were originally recorded and (c) this Agreement does not increase the face amount (i.e., the maximum amount) of any line of credit or other revolving Secured Obligation and the principal balance of the term Secured Obligations (including any Loan made under Section 11.10(b) of this Agreement) plus any accrued and unpaid interest as of the Restatement Effective Date is less than or equal to the principal balance of the term Secured Obligations immediately prior to the Restatement Effective Date. As used in this Section 6.26, the following terms have the following meanings: (i) "Secured Obligations" means the term "Obligations" as defined in the Florida Mortgages, as amended by the Florida Mortgage Amendments and this Agreement; (ii) "Florida Mortgages" means the collective reference to (A) the thirty-one (31) instruments entitled "Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" made by the Company (doing business in Florida as AmeriGas Propane, Limited Partnership"), as mortgagor, to the Agent (then known as Bank of America National Trust and Savings Association), as mortgagee, and recorded in various counties in the State of Florida on various dates in 1995, as amended by the following instruments made between the Company, as mortgagor, and the Agent, as mortgagee: the instruments entitled "First Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of September 22, 1997, the instruments entitled "Second Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of March 25, 1999 and the instruments entitled "Third Amendment of Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement and Fixture Filing" dated as of June 6, 2000, some of which have b...