Payment Upon Failure to Deliver Certificate Sample Clauses

Payment Upon Failure to Deliver Certificate. (a) The Issuer will transfer to the Fiscal Agent for value on the relevant payment date (as described under paragraph 1 above) 100% of the principal or interest (as applicable) then due and payable in respect of the Notes (as applicable).
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Payment Upon Failure to Deliver Certificate. Without prejudice to the rights and obligations provided for in Clause 10.5 (Indemnity in favour of the Issuer), if the Fiscal Agent fails or is otherwise unable to deliver the certificate referred to above by the Certificate Time, it shall withhold Spanish income tax on behalf of the holders of the Notes from the relevant payment at the then- applicable rate (currently 19%). If this paragraph 4 applies, the Fiscal Agent shall deliver the certificate referred to above as soon as practicable after the Certificate Time and, in any event, no later than the Business Day immediately before the 10th calendar day of the month immediately following the relevant payment date. In such circumstances, the Issuer shall instruct the Fiscal Agent to immediately transfer the amount withheld by way of reimbursement of the amounts withheld on the relevant payment date and completion of the corresponding income payment in respect of the holders of the Notes. If following clarifications by the Spanish tax authorities, procedures in relation to Royal Decree 1065/2007 are subsequently amended, the Issuer and the Fiscal Agent will implement such procedures as may be required to enable the Issuer to comply with its obligations under applicable legislation as clarified by the Spanish tax authorities. Set out below is the Annex provided by Royal Decree 1065/2007, as amended by Royal Decree 1145/2011. Sections in English have been translated from the original Spanish. In the event of any discrepancy, the Spanish version will prevail.
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Payment Upon Failure to Deliver Certificate. (a) The Issuer will transfer to the Principal Paying Agent or the Iberclear Paying Agent, as applicable, for value on the relevant payment date 100% of the amount then due and payable in respect of the relevant Notes.
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Payment Upon Failure to Deliver Certificate. Without prejudice to the rights and obligations provided for in Clause 10.5 (Indemnity in favour of the Issuer), if the Fiscal Agent fails or is otherwise unable to deliver the certificate as described above by the Certificate Time to the Issuer in respect of a payment under the Notes, it shall withhold Spanish income tax on behalf of the holders of the Notes from the relevant payment at the then-applicable rate (currently 19 per cent). If this paragraph 4 applies, the Fiscal Agent shall deliver the certificate referred to above as soon as practicable after the Certificate Time and, in any event, no later than the Business Day immediately before the 10th calendar day of the month immediately following the relevant payment date. In such circumstances, the Issuer shall instruct the Fiscal Agent to immediately transfer the amount withheld by way of reimbursement of the amounts withheld on the relevant payment date and completion of the corresponding income payment in respect of the holders of the Notes. If following clarifications by the Spanish tax authorities, procedures in relation to Royal Decree 1065/2007 are subsequently amended, the Issuer and the Fiscal Agent will implement such procedures as may be required to enable the Issuer to comply with its obligations under applicable legislation as clarified by the Spanish tax authorities. Set out below is the Annex provided by Royal Decree 1065/2007, as amended by Royal Decree 1145/2011, of 29 July. Sections in English have been translated from the original Spanish. In the event of any discrepancy, the Spanish version will prevail. Annex 1 Whilst the direct translation into English of this certificate is accurate, it is for information only and, in the case of discrepancy with the Spanish language version, such Spanish version will prevail. Modelo de declaración a que se refieren los apartados 3, 4 y 5 del artículo 44 del Reglamento General de las actuaciones y los procedimientos de gestión e inspección tributaria y de desarrollo de las normas comunes de los procedimientos de aplicación de los tributos Declaration form referred to in sections 3, 4 and 5 of article 44 of the General Regulations governing actions and procedures related to tax administration and inspection and developing common rules on procedures for the application of taxes
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Related to Payment Upon Failure to Deliver Certificate

  • Failure to Deliver Applicable

  • Failure to Make Payment In the event a participating Authorized User fails to make payment to the Contractor for Products delivered, accepted and properly invoiced, within thirty calendar days of such delivery and acceptance, the Contractor may, upon five business days advance written notice to both the Commissioner and the Authorized User’s purchasing official, suspend additional shipments of Product or provision of services to such entity until such time as reasonable arrangements have been made and assurances given by such entity for current and future Contract payments.

  • Date on Which Exercise is Effective Each Person in whose name any certificate for Common Shares or other securities, if applicable, is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, if applicable, represented thereon, and such certificate shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(d) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of the Corporation are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the Common Share transfer books of the Corporation are open.

  • Settlement without Consent if Failure to Reimburse If at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for any settlement of the nature contemplated by Section 6(a)(ii) effected without its written consent if (i) such settlement is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall have received notice of the terms of such settlement at least 30 days prior to such settlement being entered into and (iii) such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement.

  • Failure to Notify If Contractor fails to specify in writing any problem or circumstance that materially affects the costs of its delivery of services or products, including a material breach by the Department, about which Contractor knew or reasonably should have known with respect to the period during the term covered by Contractor's status report, Contractor shall not be entitled to rely upon such problem or circumstance as a purported justification for an increase in the price for the agreed upon scope.

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