MP Tax Representations Clause Samples
The MP Tax Representations clause requires the managing party (MP) to make specific statements or assurances regarding their tax status, compliance, or obligations. Typically, this clause obligates the MP to confirm that they have filed all necessary tax returns, paid required taxes, and are not subject to any undisclosed tax liabilities or disputes. By including these representations, the clause helps ensure transparency and reduces the risk of unexpected tax issues arising during the course of the agreement, thereby protecting the other party from potential financial or legal exposure related to the MP's tax matters.
MP Tax Representations.
(a) it is a "U.S. person” (as that term is used in section 1.1441-4(a) (3) (ii) of the United States Treasury Regulations) for United States federal income tax purposes and its U.S. Taxpayer identification number is ▇▇-▇▇▇▇▇▇▇; and
(b) no part of any payment received or to be received by MP in connection with this Agreement is attributable to a trade or business carried on by it or in respect of services rendered by it in Canada.
MP Tax Representations. MP makes the following representations and warranties to MH as of the date of the execution of this Agreement, as of the Effective Date and upon the date of each delivery of Non-Firm Energy and Allocated and Transferred Environmental Attributes attestation documentation throughout the Contract Term:
(a) it is a "U.S. person” (as that term is used in section 1.1441-4(a) (3) (ii) of the United States Treasury Regulations) for United States of America federal income tax purposes and its U.S. Taxpayer identification number is ▇▇-▇▇▇▇▇▇▇; and
(b) no part of any payment received or to be received by MP in connection this Agreement is attributable to a trade or business carried on by it in Canada.
MP Tax Representations. MP makes the following representations and warranties to MH, which representations and warranties will be deemed to be repeated, if applicable, by MP throughout the Contract Term:
(a) it is a "U.S. person” (as that term is used in section 1.1441-4(a) (3) (ii) of the United States Treasury Regulations) for United States federal income tax purposes and its U.S. Taxpayer identification number is 41- 04181150; and
(b) no part of any payment received or to be received by MP in connection with this Agreement is attributable to a trade or business carried on by it or in respect of services rendered by it in Canada.