SENSITIVE SERVICES. Service Provider shall make all scheduled tax payments accurately and in a timely manner. Service Provider shall also accurately disburse funds on behalf of Recipient to vendors and employees in accordance with the appropriate vendor terms and employee payrolls provided by Recipient. Service Provider shall repay Recipient any erroneous payment, interest or penalty resulting from an inaccurate or late payment under this section attributable solely to it but its cumulative liability under this section in any service year shall not exceed $10,000. Service Provider shall be subrogated to Recipient's rights to the extent of any repayment and Recipient shall cooperate with Service Provider in seeking reimbursement from any tax authority, vendor or employee who shall have received an inaccurate or misdirected disbursement
Appears in 5 contracts
Samples: Shared Transaction Services Agreement (Ims Health Inc), Shared Transaction Services Agreement (Synavant Inc), Shared Transaction Services Agreement (Synavant Inc)
SENSITIVE SERVICES. Service Provider shall make all scheduled tax payments accurately and in a timely manner. Service Provider shall also accurately disburse funds on behalf of Recipient to vendors and employees in accordance with the appropriate vendor terms and employee payrolls provided by Recipient. Service Provider shall repay Recipient any erroneous payment, interest or penalty resulting from an inaccurate or late payment under this section attributable solely to it but its cumulative liability under this section in any service year shall not exceed $10,000. Service Provider shall be subrogated to Recipient's rights to the extent of any repayment and Recipient shall cooperate with Service Provider in seeking reimbursement from any tax authority, vendor or employee who shall have received an inaccurate or misdirected disbursement.
Appears in 1 contract
Samples: Shared Transaction Services Agreement (Ims Health Inc)