Tax Accounting including the preparation and maintenance of tax books and records and all supporting documentation therefor; the preparation and filing of all tax reports and returns, as well as the tax-related portion of other reports and returns; development and implementation of appropriate tax plans and postures; analysis of ramifications of product and project proposals from a tax perspective; interfacing with corporate tax counsel on any or all of the above, as well as on the projects upon request, as needed; interfacing with state and federal tax authorities as appropriate, including during the conduct of an audit. These services will be provided by PNX.
Tax Accounting. Except for Tax Returns described in paragraph 9 of Part 3 of this Exhibit A, Provider shall prepare, or cause to be prepared, all Tax Returns of the Company in accordance with Sections 7.5 and 7.6 of the LLC Agreement.
Tax Accounting. (a) The Collateral Agent shall prepare any federal tax returns (including any necessary information returns) of the Trust in accordance with the treatment of the trust as a grantor trust under subpart E of part I of subchapter J of chapter 1 of the Code and any regulations (including, to the extent applicable by their terms, proposed regulations) thereunder. To the extent not inconsistent with any such regulations, such returns shall be prepared in a manner consistent with the following rules:
(i) The Class A Certificateholders shall be treated as owning the Class A Percentage of Interest Collections (but limited to interest on the Class A Certificate balance at the sum of the Class A Pass-Through Rate plus the Servicing Fee Rate, such amount of interest expressed as a percentage of the Interest Collections) and Principal Collections and the Class B Certificateholders shall be treated as owning the Class B Percentage of Interest Collections (but limited to interest on the Class B Certificate balance at the sum of the Class B Pass-Through Rate plus the Servicing Fee Rate, such amount of interest expressed as a percentage of the Interest Collections) and Principal Collections. The Depositor shall be treated as having retained the stripped coupons on the Class A Percentage and the Class B Percentage of each Receivable equal to the difference between the APR of such Receivable and the portion owned by the Class A and Class B Certificateholders, respectively, pursuant to this paragraph.
(ii) To the extent that as a result of the subordination provisions of this Agreement, actual cash distributions to the Class B Certificateholders are less than the amount set forth in subsection (i), the Class B Certificateholders shall be deemed to have (a) received the amount set forth in subsection (i), (b) paid such difference to the Class A Certificateholders pursuant to a guaranty of the Class A Certificates, and (c) become subrogated to the rights of the Class A Certificateholders to recovery of the amounts so paid.
(b) The Collateral Agent shall prepare any state tax returns required to be filed by the Trust, and the Trustee shall execute and file such returns if requested to do so by the Collateral Agent. The Trustee and the Paying Agent, upon written request, will promptly furnish the Collateral Agent with all such information known to the Trustee or the Paying Agent, as the case may be, as may be reasonably required in connection with the preparation of any state tax...
Tax Accounting. Within a reasonable period of time following a request thereof by Owner, subject to Section 4.5C, Contractor shall provide Owner’s tax consultant with any information (including Books and Records) regarding quantities and descriptions of any Equipment installed on or ordered for the Project and any other information as Owner’s tax consultant may deem reasonably necessary in connection with the preparation of Owner’s tax returns (including information reasonably required to determine the amount of Qualified Research Expenditures incurred in connection with the Work) or other tax documentation in connection with the Project; provided, however, if, in connection with such preparation, Owner’s tax consultant requests information relating to the actual cost for any item of Work and such item of Work is included in the Contract Price or in any lump sum Change Order, Contractor shall provide such information to Owner’s tax consultant as provided in Section 4.
Tax Accounting. A. Subject to Sections 3.14B, 3.14C, and 4.5A, within a reasonable period of time following a request thereof by Owner, Contractor shall provide Owner’s tax consultant with any information (including Books and Records) regarding quantities and descriptions of any Equipment installed on or ordered for the Project and any other information as Owner’s tax consultant may deem reasonably necessary in connection with the preparation of Owner’s tax returns (including information reasonably required to determine the amount of Qualified Research Expenditures incurred in connection with the Work) or other tax documentation in connection with the Project; provided, however, if, in connection with such preparation, Owner’s tax consultant requests information relating to the actual cost for any item of Work and such item of Work is included in the Contract Price or in any fixed price Change Order, Contractor shall provide such information to Owner’s tax consultant. The Parties agree that such tax consultant shall not disclose to Owner the actual cost incurred by Contractor or its Subcontractors or Sub-subcontractors for any item of Work (including Equipment) included in the Contract Price. No access to the aforementioned information (including Book and Records) shall be granted to Owner’s tax consultant until such tax consultant has signed a confidentiality agreement with Contractor in accordance with the standard practice in the auditing industry for audits of this kind. Owner shall bear the cost of its own tax consultants in connection with any audits pursuant to Section 3.14.
B. With respect to Equipment that (i) Owner has title to, and (ii) is not located at the Site or in the Off-Site Rights of Way and Easements, Contractor shall establish a system for reporting the locations of such Equipment on the Day in which the applicable Governmental Instrumentality assesses property tax on such Equipment, and shall notify Owner of the location of each such Equipment within thirty (30) Days after such applicable property tax Day.
C. Contractor acknowledges that Owner is pursuing ad valorem tax exemptions through the Texas Commission on Environmental Quality, and upon request by Owner, Contractor shall provide to Owner and Owner’s tax consultant access to documentation required or requested by the Texas Commission on Environmental Quality or any other Governmental Instrumentality in order for Owner to perfect such exemption related to the Aggregate Equipment Price for the Eq...
Tax Accounting. The Company uses the accrual method of accounting for Tax purposes.
Tax Accounting. Capital accounts shall be maintained for each Partner in accordance with regulations under Section 704(b) of the Internal Revenue Code, and taxable income and taxable loss shall be determined in accordance with such regulations.
Tax Accounting. If you are resident overseas and fail to apply for Exemption or if you are refused Exemption and we are obliged to submit quarterly returns to HM Revenue & Customs, we will make a charge of £25.00 + VAT (£30.00 inclusive of VAT) per quarterly returns and a further £100 + VAT (£120 inclusive of VAT) per annum for a Year End Submission.
Tax Accounting. The Servicer shall prepare any Federal tax returns of the Trust in accordance with the Code and any regulations (including, to the extent applicable by their terms, proposed regulations) thereunder. In no event shall the Trustee in its individual capacity be liable for any liabilities, costs or expenses of the Trust, the Certificateholders, the Seller or the Servicer arising under any tax law or regulation, including, without limitation, Federal, State or local income or excise taxes or any tax imposed on or measured by income (or any interest or penalty with respect thereto or arising from any failure to comply therewith). Notwithstanding the foregoing, in no event shall the Trustee be liable hereunder for any liabilities, costs or expenses incurred from any information furnished to it by the Servicer or failure to furnish information by the Servicer in a timely manner.
Tax Accounting. The Servicer shall prepare or shall cause to be prepared any tax returns required to be filed by the Trust and shall remit such returns to the Trustee for signature at least five days before such returns are due to be filed. The Trustee, upon request, will furnish the Servicer with all such information known to the Trustee as may be reasonably required in connection with the preparation of all tax returns of the Trust, and shall, upon request, execute such returns. The Servicer shall prepare the tax returns of the Trust in accordance with (i) the Code and any regulations (including, to the extent applicable by their terms, proposed regulations) thereunder or (ii) any applicable state or local statute or regulation.
