Tax Set-Off Sample Clauses

Tax Set-Off. If, at any time prior to or during the term of any executed agreement, Contractor is delinquent in the payment of real and/or personal property taxes to Sedgwick County, and the delinquency exists at the time payment is due under the agreement, County will offset said delinquent taxes by the amount of the payment due under the agreement and will continue to do so until the delinquency is satisfied, pursuant to K.S.A. 79-2012.
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Tax Set-Off. If, at any time prior to or during the term of any executed agreement, Contractor is delinquent in the payment of real and/or personal property taxes to Sedgwick County, and the delinquency exists at the time payment is due under the agreement, County will offset said delinquent taxes by the amount of the payment due under the agreement and will continue to do so until the delinquency is satisfied, pursuant to K.S.A. 79-2012. APPENDIX B SERVICE EXPECTATIONS I. CONTINUITY OF SERVICE Unless limitations in program capacity have previously been reported to the SCDDO Director in writing and an exception to service access has been approved by SCDDO, CSPs must serve persons for whom funding is available who have chosen the CSP for services, consistent with the nondiscrimination requirements in K.A.R. 30-64-25. The CSP must offer and/or provide services consistent with the following requirements:
Tax Set-Off. Anything to the contrary herein or in the CTM Agreement notwithstanding, the Principals agree that they shall pay, either by direct payments to CTM from the Principals' personal funds or through set-off against the Guaranteed Payments (as defined under the CTM Agreement) or other amounts due to the Principals under the CTM Agreement, all Taxes to which CTM and/or CTI or their successors becomes liable in excess of the amounts specified on Schedule 2.2 hereto as a consequence of the transactions provided for in this Agreement (the "Transaction Taxes"). Such payment shall be made by the Principals on or before the date which is the earliest date on which any Transaction Taxes are required to be paid by CTM and/or CTI or their successors to a relevant Tax Authority. If Principals have not made such payment in full on or before such date, Principals hereby irrevocably direct Buyer to effect the set-off described above in an amount calculated to reimburse to CTM and/or CTI or their successors the cost to it of the Transaction Taxes which the Principals have not paid together with interest
Tax Set-Off. Anything to the contrary herein or in the CTI Agreement notwithstanding, the Sellers agree that they shall pay, either by direct payments to the Buyer from the Sellers' personal funds or through set-off against the Guaranteed Payments (as defined in this Agreement) or other amounts due to the Sellers under this Agreement, all Taxes to which the Companies or any successors thereto becomes liable or any expense, liability or cost incurred as a consequence of any transactions undertaken as part of an Approved Reorganization which is not recoverable in the current taxation year as a refund of taxes or as a deduction in computing the income or taxable income of the Companies and any successors thereto (the "Reorganization Taxes"). Should any such refund or deduction become available in a subsequent taxation year, the Buyer will return to the Seller the relevant portion of the payment previously made by the Seller together with any interest received by the Buyer in respect of such refund. The indemnification procedure set out in Sections 7.4 and 7.5 shall apply to this Section 6.15. A payment required to be made under this Section 6.15 shall be made by the Sellers on or before the date on which any Reorganization Taxes are required to be paid by the Companies or any successors thereto to a relevant Tax Authority as may be agreed upon by the competent authorities under the relevant legislation and the Sellers or failing such agreement, such amount as may be determined by a competent tribunal having jurisdiction in the matter, after all rights of appeal have been exhausted or all times to appeal have expired, or to another relevant person, as the case may be. If Sellers have not made such payment in full on or before such date, Sellers hereby irrevocably direct Buyer to effect the set-off described above in an amount calculated to reimburse the Reorganization Taxes which the Sellers have not paid together with interest thereon, if any, imposed by such Tax Authority or other person, as the case may be, from the date the payment should have been made to the date on which sufficient Guaranteed Payments or other amounts become due to the Sellers to permit the Buyer to effect each such set-off. Such right to set-off shall be at Buyer's election and shall not restrict Buyer's ability to seek payment directly from Sellers' personal funds. Buyer shall not be obliged to defer any set-off under this Section 6.15 if to do so would result in there being insufficient amounts r...

Related to Tax Set-Off

  • Set-Off The State may set off any sums which the Party owes the State against any sums due the Party under this Agreement; provided, however, that any set off of amounts due the State of Vermont as taxes shall be in accordance with the procedures more specifically provided hereinafter.

  • Tax Refunds Buyer may, at its option, cause the Company to elect, where permitted by applicable Law, to carry forward or carry back any Tax attribute carryover that would, absent such election, be carried back to a Pre-Closing Tax Period or Straddle Period. Buyer shall promptly notify Seller of and pay (or cause to be paid) to Seller: (a) any refund of Taxes paid by the Company for any Pre-Closing Tax Period actually received by the Company; or (b) a portion of any refund of Taxes paid by the Company for any Straddle Period (such portion to be allocated consistent with the principles set forth in Section 7.8 hereof) actually received by the Company, in each case, net of any Tax liabilities or increase in Tax liabilities imposed on Buyer or the Company (or any Affiliate thereof) resulting from such refund; provided, however, that Seller shall not be entitled to any refund to the extent such refund relates to a carryback of a Tax attribute from any period ending after the Closing Date. Buyer shall pay (or cause to be paid) the amounts described in the second sentence of this Section 7.8 within thirty (30) days after the actual receipt of the Tax refund giving rise to Buyer’s obligation to make payment hereunder with respect thereto. At the request of Seller, Buyer shall reasonably cooperate with Seller in obtaining any such refunds for which Seller is entitled pursuant to this Section 7.8, including through the filing of amended Tax Returns or refund claims as prepared by Seller, at the expense of Seller; provided, however, that any such amended Tax Return shall be prepared by Seller, Seller shall deliver or cause to be delivered drafts of any such amended Tax Return to Buyer for its review prior to the time such amended Tax Return may be filed and any such amended Tax Return shall be subject to the consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed; and provided, further, that Buyer shall not be required to cooperate with Seller in obtaining such refunds (or, notwithstanding anything to the contrary contained herein, consent to the filing of such amended Tax Return) if such refund could reasonably be expected to adversely affect Buyer or the Company (or any Affiliate thereof) in any Straddle Period or Post-Closing Period.

  • Making and Proration of Payments Setoff Taxes 28 7.1 Making of Payments. 28 7.2 Application of Certain Payments. 28 7.3 Due Date Extension. 28 7.4 Setoff. 29 7.5 Proration of Payments. 29 7.6 Taxes. 29

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