Common use of Penalties and Interest Clause in Contracts

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. 10.4.1 18.2.1 The Company has duly and punctually paid all Taxation Tax 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 fine, penalty, interest or interest other charge in connection therewithwith any non-payment or claim for Tax. 10.4.2 18.2.2 The Company has not nor had made any director claim or officer of the Company paid, application to pay any Tax by instalments or become liable to pay, any fine, penalty or interest charged by virtue defer payment of any statutory provision relating to Taxation of the CompanyTax.