Tax Return Payments Sample Clauses
The Tax Return Payments clause outlines the obligations of parties regarding the payment of taxes as reported on tax returns. Typically, this clause specifies which party is responsible for preparing and filing tax returns, as well as who must pay any taxes due, such as income, sales, or property taxes, related to the transaction or agreement. Its core practical function is to allocate responsibility for tax compliance and payment, thereby preventing disputes and ensuring that all tax liabilities are properly addressed.
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Tax Return Payments. Amounts shown due on any Tax Returns shall be timely paid by the party responsible therefor as determined in accordance with Article II of this Agreement (the "Responsible Party"), irrespective of which party is obligated to prepare or file such Tax Return under this Article IV. The party obligated to file a particular Tax Return (the "Filing Party") has the right (but not the obligation, unless it is the Responsible Party) to pay the Tax shown due thereon, in which case the Responsible Party shall immediately reimburse the Filing Party for the payment of such Tax.
Tax Return Payments. The party responsible under this Article III for preparing (or causing to be prepared) a Tax Return (the “Preparing Party”) shall timely pay (or cause to be paid) any Taxes shown as due on that Tax Return to the relevant Taxing Authority. If any party is obligated to make payments under this Section 3.04(e) with respect to Taxes allocated to another party under this Agreement, such other party will pay the Preparing Party the amount of such Taxes in accordance with Article VI.
Tax Return Payments. Amounts shown due on any Vital Images Tax Returns shall be timely paid by the party responsible therefor as determined in accordance with Article 2 of this Agreement (the "Responsible Party"), irrespective of which party is obligated to prepare or file such Vital Images Tax Return under this Article 4. The party obligated to file a particular Vital Images Tax Return (the "Filing Party") has the right, but not the obligation, unless it is the Responsible Party to pay the Tax shown due thereon, in which case the Responsible Party shall immediately reimburse the Filing Party for the payment of such Tax.
Tax Return Payments. Amounts shown due on any Agritope Group Tax Returns will be timely paid by the party responsible for such Taxes as determined in accordance with Section 2 of this Agreement (the "Responsible Party") regardless of which party is obligated to prepare or file such Agritope Group Tax Return under this Section 4. The party obligated to file a particular Agritope Group Tax Return (the "Filing Party") has the right, but not the obligation unless it is the Responsible Party, to pay the Tax shown due, in which case the Responsible Party will immediately reimburse the Filing Party for the payment of such Tax.
Tax Return Payments. Seller has duly and timely paid any and all foreign, federal, state and local: (1) income, franchise, payroll, unemployment insurance, sales and use taxes; (2) assessments, interest, penalties and deficiencies; (3) fees and charges of any Government Authority; and (4) duties or impositions of any Government Authority; which are reflected as payable on any Tax Returns, which are claimed to be due by any Tax Authority or which Seller is obligated to withhold from amounts owing to any Employee (collectively, the "Taxes"), except for those amounts being contested in good faith by Seller in appropriate proceedings for which appropriate amounts have been reserved.