TAX REPORTING OBLIGATIONS. Merchant acknowledges that, pursuant to Section 6050W of the Internal Revenue Code, BASE COMMERCE is responsible for filing with the IRS annual information returns for all reportable payment transactions to Merchant for whom BASE COMMERCE processes transactions under this Agreement and any Merchant Card Processing Agreement. Merchant shall cooperate with BASE COMMERCE and take all reasonable steps to aid its reporting obligations and compliance with Section 6050W, including, but not limited to, provide an accurate and verifiable tax filing name and tax identification number (“TIN”) for each Merchant account. Merchant further acknowledges and agrees that, if it fails to provide an accurate tax filing name or TIN information, the IRS notifies BASE COMMERCE of a discrepancy between the information provided by Merchant and the IRS records, or if requested by the IRS for any reason, BASE COMMERCE shall be required to perform backup withholding from Merchant funding by deducting and withholding income tax in an amount based on the IRS withholding regulations at the time withholding is required from the gross amount of each reportable transaction pursuant to Section 6050W and its corresponding regulations. Merchant expressly authorizes BASE COMMERCE to withhold from Merchant’s funding or debit Merchant’s Account (or another account designated by Merchant if there are insufficient funds in the Account to cover the required withholding) for any and all backup withholding amounts required by Section 6050W and its corresponding regulations.
TAX REPORTING OBLIGATIONS. Seller hereby agrees to perform all its obligations with respect to federal and/or state Tax reporting relating to or arising out of the Receivables, the Collateral and/or the Books and Records sold, transferred and assigned pursuant to this Agreement for the portion of the year 2001 that Seller owned the Receivables and for prior years. Purchaser shall file such reporting forms relating to the period of the year 2001 for which Purchaser owned the Receivables and thereafter while Purchaser continues to own such Receivables.
TAX REPORTING OBLIGATIONS. (a) Seller will report to applicable taxing authorities and holders of Deposits, with respect to the period from January 1 of the year in which the Closing occurs through the Closing Date, all interest (including dividends and other distributions with respect to money market accounts) credited to, withheld from and any early withdrawal penalties imposed upon the Deposits. Buyer will report to the applicable taxing authorities and holders of Deposits, with respect to all periods from the day after the Closing Date, all such interest credited to, withheld from and any early withdrawal penalties imposed upon the Deposits.
TAX REPORTING OBLIGATIONS. Merchant acknowledges that, pursuant to Section 6050W of the Internal Revenue Code, ACHBANKING is responsible for filing with the IRS annual information returns for all reportable payment transactions to Merchant for whom ACHBANKING processes transactions under this Agreement. Merchant shall cooperate with ACHBANKING and take all reasonable steps to aid its reporting obligations and compliance with Section 6050W, including, but not limited to, provide an accurate and verifiable tax filing name and tax identification number (“TIN”) for each Merchant account. Merchant further acknowledges and agrees that, if it fails to provide an accurate tax filing name or TIN information, the IRS notifies ACHBANKING of a discrepancy between the information provided by Merchant and the IRS records, or if requested by the IRS for any reason, ACHBANKING shall be required to perform backup withholding from Merchant funding by deducting and withholding income tax in an amount based on the IRS withholding regulations at the time withholding is required from the gross amount of each reportable transaction pursuant to Section 6050W and its corresponding regulations. Merchant expressly authorizes ACHBANKING to withhold from Merchant’s funding or debit Merchant’s Account (or another account designated by Merchant if there are insufficient funds in the Account to cover the required withholding) for any and all backup withholding amounts required by Section 6050W and its corresponding regulations. RECORDKEEPING REQUIREMENTS Merchant shall keep, for a period of 2 years from the date the record is produced, all records of verifiable consumer authorizations. Merchant agrees to provide copies of such documents or records to ACHBANKING immediately upon written request from ACHBANKING.
TAX REPORTING OBLIGATIONS. The Customer must provide, complete or assist Layer2 with its documentation, form preparation, filing, disclosure and reporting obligations imposed by any Governmental Authority or required by any Applicable Laws, including any relevant Tax identification forms, filings or disclosures and the Customer will execute all documents in relation thereto. Such documentation, form preparation, filings, disclosures and reporting obligations may be necessary upon:
TAX REPORTING OBLIGATIONS. Company acknowledges that, pursuant to applicable provisions of Internal Revenue Code (“Code”), Bank is responsible for filing with the Internal Revenue Service (“IRS”) annual information returns for all reportable payment transactions to Company for whom Bank processes transactions under this Agreement. Company will cooperate with Bank and take all reasonable steps to aid its reporting obligations and compliance with the Code, including, but not limited to, providing an accurate and verifiable tax filing name and tax identification number (“TIN”) for each Account. Company further agrees that if Company fails to provide an accurate tax filing name or TIN information, the IRS notifies Bank of a discrepancy between the information provided by Company and the IRS records, or if requested by the IRS for any reason, Bank shall be required to perform backup withholding from Company funding by deducting and withholding income tax in an amount based on the IRS withholding regulations at the time withholding is required from the gross amount of each reportable transaction pursuant to the Code. Company expressly authorizes Bank to withhold from the Account (and any and all other accounts of Company with Bank) any and all backup withholding amounts required by the Code. Company bears all liability and agrees to indemnify, defend and hold harmless Bank, its subsidiaries and affiliates, including their respective directors, officers, employees and agents, from any and all claims, demands, liabilities, losses, damages, fines, costs or other expenses (including attorneys’ fees and costs) suffered or incurred arising out of, relating to or involving in any way Company’s failure to provide an accurate tax filing name or TIN.
TAX REPORTING OBLIGATIONS. Seller and Buyer agree that each party shall be solely responsible for providing to the Internal Revenue Service and to each depositor, other holder of a Assumed Liability or customer, to the extent required by law, Forms 1098, 1099 INT, 1099R and 5498 and other applicable reporting forms with respect to each of the Assumed Liabilities and Acquired Assets for the period during which Seller or Buyer, as applicable, administers such Assumed Liabilities and Acquired Assets during 2009.
TAX REPORTING OBLIGATIONS. Except to the extent otherwise required pursuant to a “determination” within the meaning of Section 1313(a) of the Code, the Buyer, the Sellers, and their respective Affiliates shall report, act, and file all applicable Tax Returns in all respects and for all Tax purposes consistent with (i) the final Allocation Schedule and (ii) the agreed tax reporting for the transaction described in this Agreement (including, without limitation, Section 9.8(d)), and neither the Buyer nor any of the Sellers shall take, or permit their respective Affiliates (including the Companies or any of their respective Subsidiaries) to take, a position for Tax purposes that is inconsistent with clause (i) or clause (ii) of this Section 9.8(e); provided, that this Section 9.8(e) shall not be interpreted as limiting any Party’s ability to settle, in good faith, any Tax dispute with the appropriate Governmental Authority concerning the final Allocation Schedule.
TAX REPORTING OBLIGATIONS. In connection with any proposed exchange of a Global Note for a certificated Note, the Depositary shall provide or cause to be provided to the Trustee all information reasonably requested by the Trustee that is necessary to allow the Trustee to comply with any applicable tax reporting obligations. The Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information.
TAX REPORTING OBLIGATIONS. 36 -i- TABLE OF CONTENTS (continued) Page ---- ARTICLE V - COLLECTION ACCOUNT; RESERVE ACCOUNT DISTRIBUTIONS IN RESPECT OF CERTIFICATES; STATEMENTS AND REPORTS................................................ 36
