Penalties and Interest. Tenant shall pay or cause to be paid every fine, penalty, interest and cost which may be added for non-payment or late payment of the items referenced in this Section 3.4. Tenant shall prepare and file at its expense, to the extent required or permitted by Applicable Laws, all tax returns and other reports in respect of any Additional Charge as may be required by Governmental Agencies.
Penalties and Interest. If the Lessee does not comply with its obligations under this Lease or with its obligations under GST Legislation in connection with this Lease and as a result the Council becomes liable for penalties or interest for late payment of GST, then the Lessee must pay the Council on demand an amount equal to the amount of the penalties and interest.
Penalties and Interest. If the Customer is required to withhold taxes under Clause 4 above or pay any other taxes in connection with this Agreement and fails to withhold the taxes at the correct rate or to remit the taxes withheld or pay any taxes (as applicable) to the relevant Government Agency within the time prescribed by the applicable law, the Customer shall be responsible for payment of any penalties or interest which are incurred as a result, and Xxxxx shall have no liability to reimburse the Customer for such penalties and/or interest incurred.
Penalties and Interest. Where We become liable for any penalties or interest as a result of the late payment of GST due to your failure to comply with the terms of our CRA (including this clause 11) or your obligations under any applicable law, then you must pay to us an additional amount equal to those penalties and interest.
Penalties and Interest. Any penalties or interest imposed in connection with any Taxes described in Section 2.02(a), (b) or (c) shall be the responsibility of the Company that is responsible for the underlying Tax, unless such penalties or interest are the result of an action or failure to act by the other Company or any of its Affiliates.
Penalties and Interest. 10.4.1 The Company has paid all Taxation for which it is liable to account to the relevant Tax Authority on the due date for payment thereof and is under no liability to pay any penalty or interest in connection therewith.
10.4.2 The Company has not nor had any director or officer of the Company paid, or become liable to pay, any fine, penalty or interest charged by virtue of any statutory provision relating to Taxation of the Company.
Penalties and Interest. No Group Company has within the past three years paid or become liable to pay any material interest, penalty, surcharge or fine relating to Taxation.
Penalties and Interest. Stewardship Ontario shall impose penalties and interest on a Xxxxxxx or Voluntary Reporter in accordance with the Penalty and Interest Policy in Appendix F and on the Stewardship Ontario website.
Penalties and Interest. (a) Any interest incurred by the Consolidated Group shall be paid by the Affiliate to whom it is attributable. The total amount of interest incurred by the Consolidated Group will be apportioned to and paid by each Affiliate according to (1) the ratio of the interest incurred by each Affiliate so computed, plus (2) the additional interest, if any, that such Affiliate would have paid on a separate return basis over the allocated interest determined under (1) above. Interest computed by an Affiliate on a separate return basis shall be calculated using the interest rate or rates applicable to the consolidated deficiency. Any additional amount allocated to an Affiliate determined under (2) above shall be paid to the Affiliate whose income or deduction would have given rise to a refund on a separate return basis, but in no case shall an Affiliate which incurs interest under (2) above be required to pay more interest to such receiving Affiliate than such receiving Affiliate would have received on a separate return basis. In calculating the allocable share of any interest payable by a Holdings Affiliate with respect to any federal audit adjustments, only interest actually payable to the IRS, and not interest abated as a result of tax deposits, shall be taken into account. CFI shall have sole discretion to determine how tax deposits are allocated among taxable periods and audit items. CFI shall act in good faith in making such determination, with an intention to minimize the overall out- of-pocket costs and financial reporting impacts on CFI and Holdings.
(b) Any interest received by the Consolidated Group as a result of any refund of Tax shall be allocated to the Affiliate whose income or deductions gave rise to the refund. The amount of interest received by the Consolidated Group will be apportioned to and received by each Affiliate according to (1) the ratio of the interest to be received by each Affiliate computed on a separate return basis to the total of all the interest received by Affiliates so computed, plus (2) the additional interest, if any, that such Affiliate would have received on a separate return basis over the allocated interest determined under (1) above. Any additional amount allocated to an Affiliate determined under (2) above shall be received from the Affiliate whose income or deductions caused such interest not to be received by the Consolidated Group, but in no case shall an Affiliate which receives such interest receive more interest than...
Penalties and Interest. Lessee shall pay penalties and interest on late royalty payments, minimum royalty payments, and other sums due, and for failure to provide documents, as provided by law or the Rules. The right to collect penalties and interest is in addition to, and shall not in any way limit or restrict, the rights of Lessor or the Board of Regents to pursue other remedies in law or in equity, including without limitation forfeiture of this Lease.
