Prohibition on Contracting with Corporations with Unpaid Tax Liabilities Clause Samples
This clause prohibits entering into contracts with corporations that have outstanding tax liabilities. In practice, it requires parties to verify that any corporation they engage with is current on its tax obligations before finalizing an agreement. By enforcing this restriction, the clause helps ensure compliance with tax laws and reduces the risk of associating with entities that may be financially unstable or in violation of legal requirements.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. The recipient may not knowingly enter into a contract, memorandum of understanding, or cooperative agreement with, make a grant to, or provide a loan or loan guarantee to, any corporation that has any unpaid Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. The grant award recipient may not knowingly enter into a contract, memorandum of understanding, or cooperative agreement with, make a grant to, or provide a loan or loan guarantee to, any corporation that has any unpaid Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. By drawing down Federal funds under this award, recipient attests that they are not entering into any contract, memorandum of understanding, or cooperative agreement with, making a grant to, or providing a loan or loan guarantee to, any corporation that has any unpaid Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability, where the awarding agency has made the recipient aware of the unpaid tax liability, unless a Federal agency has considered suspension or debarment of the corporation and has made a determination that this further action is not necessary to protect the interests of the Government.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. The subrecipient may not enter a contract, memorandum of understanding, or cooperative agreement with, make a grant to, or provide a loan or loan guarantee to, any corporation that has any unpaid federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability, where the awarding agency is aware of the unpaid tax liability, unless a federal agency has considered suspension or debarment of the corporation and has made a determination that this further action is not necessary to protect the interests of the government.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. The Intermediary must not knowingly enter into a contract, memorandum of understanding, or cooperative Contract with, make a grant to, or provide a loan or loan guarantee to, any corporation that has any unpaid federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely matter pursuant to an Contracts with the authority responsible for collecting the tax liability.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. If NELNET is a corporation, NELNET certifies that NELNET does not have any unpaid State or Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability.
Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. If NELNET is a corporation, NELNET certifies that NELNET does not have any unpaid State or Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability.