Tax Amnesty Application Sample Clauses

Tax Amnesty Application. (a) Seller shall cause the Company to use commercially reasonable efforts to obtain amnesty under the Tax Amnesty Law in respect of those periods and matters described in Schedule 7.3. In furtherance of the foregoing: (i) Seller shall and shall cause the Company to cooperate with Buyer in the preparation of an application (the "Tax Amnesty Application"), in form and substance satisfactory to Buyer, acting reasonably, to the relevant Governmental Bodies under the Tax Amnesty Law, to be submitted on a date mutually agreed by Buyer and Seller, each acting reasonably and in good faith; (ii) following submission of the Tax Amnesty Application, Seller shall cause the Company to promptly file such other documents and make such further submissions, in form and substance satisfactory to Buyer, acting reasonably, as may be required under the Tax Amnesty Law or as may be requested by the relevant Government Bodies under the Tax Amnesty Law; and (iii) Seller shall cause the Company to pay all amounts due (the "Tax Amnesty Amount") in order to obtain amnesty under the Tax Amnesty Law in respect of those periods and matters described in Schedule 7.3. Such payments shall be made on a date mutually agreed by Buyer and Seller, each acting reasonably and in good faith, but in any event not later than the latest date that such amount may be paid under the Tax Amnesty Law without attracting penalties or interest. (b) Subject to Applicable Legal Requirements, Seller shall and shall cause the Company to cooperate with and keep Buyer fully informed as to the status of and the processes and proceedings relating to obtaining such amnesty, and shall promptly notify Buyer of any material communication from any Governmental Body in respect thereof, and shall not make any further submissions, correspondence or filings, or participate in any communications or meetings with any Governmental Body in respect of any filings, investigations or other inquiries or proceedings related thereto unless it consults with Buyer in advance and, to the extent not precluded by such Governmental Body, gives Buyer the opportunity to review drafts of, and provides final copies of, any submissions, correspondence or filings, and to attend and participate in any communications or meetings.
Sample 1
AutoNDA by SimpleDocs

Related to Tax Amnesty Application

  • Annual Tax Information and Report Within seventy-five (75) days after the end of each fiscal year of the Partnership, the General Partner shall furnish to each person who was a Limited Partner at any time during such year the tax information necessary to file such Limited Partner’s individual tax returns as shall be reasonably required by law.

  • Amended Tax Returns (a) Subject to Section 4.4 and notwithstanding Section 2.1 and Section 2.2, a Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Pre-Distribution Tax Period or a Straddle Tax Period for members of its Tax Group shall be permitted to prepare and file an amended Tax Return at its own cost and expense; provided, however, that (i) such amended Tax Return shall be prepared in a manner consistent with (and the Parties and their Affiliates shall not take any position inconsistent with) past practices of the Parties and their Affiliates or supported by an unqualified reasoned “should” or “will” opinion of a Qualified Tax Advisor, unless otherwise modified by a Final Determination or required by applicable Law, the IRS Ruling, the Tax Representation Letters, or the Tax Opinions; and (ii) if such amended Tax Return could result in one or more other Parties becoming responsible for a payment of Taxes pursuant to Article III or a payment to a Party pursuant to Article IX, such amended Tax Return shall be permitted only if the consent of such other Parties is obtained. The consent of such other Parties shall not be withheld unreasonably and shall be deemed to be obtained in the event that a Party (or its Subsidiary) is required to file an amended Tax Return as a result of an Audit adjustment that arose in accordance with Article IX. (b) A Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Post-Distribution Tax Period, shall be permitted to do so at its own cost and expense and without the consent of any Party. (c) A Party that is permitted (or whose Subsidiary is permitted) to file an amended Tax Return, shall not be relieved of any liability for payments pursuant to this Agreement notwithstanding that another Party consented thereto.

  • IRS IRS shall mean the Internal Revenue Service.

  • Tax Information Returns and Reports The Service Provider shall prepare and file, and require to be prepared and filed by any brokers or banks as to their Customers, with the appropriate governmental agencies, such information, returns and reports as are required to be so filed for reporting: (i) dividends and other distributions made; (ii) amounts withheld on dividends and other distributions and payments under applicable federal and state laws, rules and regulations; and (iii) gross proceeds of sales transactions as required.

  • Annual Tax Information The Managers shall cause the Company to deliver to the Member all information necessary for the preparation of the Member’s federal income tax return.

  • Lender Tax Information For purposes of this Section 5.9, the term “Lender” includes any Fronting Bank.

  • Grievance Commissioner System This is to confirm the discussion of the parties during collective bargaining that they are committed to encouraging early discussion and resolution of labour relations issues at the local level and seek to resolve grievances in a timely and cost efficient manner. To that end, this is to confirm that pursuant to Article 8, the parties agree that the Employer and Union at individual nursing homes may agree to utilize the following process in order to resolve a particular grievance through the utilization of a joint mediation-arbitration procedure:

  • Tax Return “Tax Return” shall mean any return (including any information return), report, statement, declaration, estimate, schedule, notice, notification, form, election, certificate or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Franchise Tax Certification If PROVIDER is a taxable entity subject to the Texas Franchise Tax (Chapter 171, Texas Tax Code), then PROVIDER certifies that it is not currently delinquent in the payment of any franchise (margin) taxes or that PROVIDER is exempt from the payment of franchise (margin) taxes.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!