Taxes and Payments Sample Clauses

Taxes and Payments. Borrower and its Subsidiaries have filed all federal and state income tax returns and all other material tax returns, domestic and foreign, required to be filed by them and have paid all taxes and assessments payable by them which have become due, except for those contested in good faith and adequately disclosed and fully provided for on the financial statements of Borrower and its Subsidiaries, in accordance with GAAP and for which Borrower and its Subsidiaries, as applicable, have provided adequate reserves (in the good faith judgment of the management of Borrower and its Subsidiaries). Borrower and its Subsidiaries have provided adequate reserves (in the good faith judgment of the management of Borrower and its Subsidiaries) for the payment of all federal, state, local and foreign income taxes applicable for the current fiscal year to date. Except as set forth on Schedule 5.21, there is no action, suit, proceeding, investigation, audit, or claim now pending or, to the knowledge of Borrower threatened, by any authority regarding any taxes relating to Borrower or its Subsidiaries that could reasonably be expected to result in a material liability to Borrower or its Subsidiaries. Except as set forth on Schedule 5.21, as of the Closing Date, none of the Borrower or its Subsidiaries have entered into an agreement or waiver or been requested to enter into an agreement or waiver extending any statute of limitations relating to the payment or collection of taxes of Borrower or its Subsidiaries, or is aware of any circumstances that would cause the taxable years or other taxable periods of Borrower or its Subsidiaries not to be subject to the normally applicable statute of limitations.

Taxes and Payments. Each Party shall be responsible for any and all taxes levied on amounts it receives from the other under this Agreement.

Taxes and Payments. 15.1. In connection with the activities under the Contract, the Contractor undertakes to pay taxes and payments in accordance with Tax Legislation of the Republic of Kazakhstan and provisions of the Contract. Whatever the organizational form of the Contractor, he shall be considered as a single taxpayer for the purposes of calculation of taxes and payments in connection with the activities under the Contract. 15.2. Contractor undertakes to pay the following taxes and payments: 15.2.1. Income tax for legal entities. The Contractor is responsible for full deduction and transfer to the budget of the income tax withheld at the source of payment in accordance with Section II of the Law of the Republic of Kazakhstan "On taxes and other compulsory payments to budget" No 2235 as of April, 24, 1995 (hereinafter referred to as Tax Code) applicable on the effective date of the Contract. 15.2.1.1. Income tax for legal entities shall be paid at the rates specified in Articles 30-33 and 37 of Tax Code. 15.2.1.2. The Contractor is responsible for full deduction and transfer to budget of income tax on legal entities withheld at the source of payment in accordance with provisions of the Tax Legislation and international agreements ratified by the Republic and applicable on the date of emergence of tax obligations with the exclusion of dividend tax calculated in accordance with the Tax Legislation applicable on the Effective Date of the Contract. In the case of establishment of permanent representation of non-resident legal entity then the Contractor in addition to income tax shall be imposed with a tax on net income of this permanent representation calculated in accordance with the Tax Legislation applicable on the Effective Date of the Contract. 15.2.2. Value-added tax (VAT). The Contractor shall pay value-added tax in accordance with Section III of the Tax Code.

Taxes and Payments. 9.1 Each party shall solely bear its own expenses relating to this Contract and all that deriving from it, including, without derogating from the general purport of that stated, the payment of the expenses of lawyers' and consultants' fee.

Taxes and Payments. 6.1 All the taxes, fees, levies, payments and rates, governmental, municipal, local and/or other, which are imposed on lessees and/or users in relation to the License Areas and/or the Buildings and/or for the purpose of the license, as well as all the remaining payments which apply according to law to lessees and/or users, including and without derogating from the generality of the foregoing, payments of rates, local committee taxes, electricity, water, communications and so forth, which exist at the time of signing of this Agreement and/or which may be imposed in the future, shall be borne by the Company and shall be paid by it regularly and on due date — all on condition that this does not impose on the Company an additional obligation for payment in respect of services regulated pursuant to the Agreement for the Providing of Services and Division of Expenses between the Company and the Kibbutz which was signed on the date of signing of this Agreement. 6.2 On a demand by the Kibbutz, the Company shall furnish the Kibbutz with certificates and receipts indicating the making of all of the payments which the Company is liable to pay as aforesaid. 6.3 The Kibbutz will be entitled (but not obliged), to pay any amount the obligation for payment of which is imposed on the Company according to this Agreement and has not been paid by it within 30 days from the date on which such amount was supposed to be paid, provided that the Kibbutz shall give the Company written notice of its intention to make such payment at least 14 days in advance. The Company shall refund to the Kibbutz any payment that may be paid by it as aforesaid, together with interest at the rate mentioned in Clause 5.6 above, reckoned from the date such amount was paid by the Kibbutz and up to the date of reimbursement thereof to the Kibbutz by the Company. 6.4 Subject to the provisions of Clause 7 below in regard to additional construction on the Land, the Kibbutz shall bear the payment of the taxes, fees, levies and any payments in relation to the License Areas, which apply to a land owner and/or long leasehold lessee, including, but without limitation, leasehold fees to the Lands Administration and payments to the Caesarea Development Corporation — whether existing at present or which may exist in the future, and it agrees that if a new tax and/or new fee and/or new levy and/or any other payment which by its nature applies to owners and/or leasehold lessees of land (“the New Tax”) should be impo...

Taxes and Payments. To the extent applicable, NorthTech shall withhold any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority ("Taxes") from any amounts payable to ▇▇▇▇▇▇▇▇▇ hereunder and so notify ▇▇▇▇▇▇▇▇▇ as promptly as possible thereafter, NorthTech shall send to ▇▇▇▇▇▇▇▇▇ notice showing payment thereof. NorthTech will not be responsible for any income tax of ▇▇▇▇▇▇▇▇▇ for interest due on the Note, or stamp duty or other tax due on conversion of the Note into shares of Preferred Stock.

Taxes and Payments. Section 16. Accountancy....................................................... Section 17. Insurance......................................................... Section 18. Liquidity and liquid fund......................................... Section 19. Protection of Subsoil and Environment............................. Section 20. Safety of Local Population and Personnel.......................... Section 21.

Taxes and Payments. 9.1. The Lessee shall incur all taxes, levies, fees, Management Fees and other payments in respect of the use of the Leased Premises during the entire Term of Lease. Without derogating from the generality of the aforesaid, the Lessee shall also incur the following expenses and payments: 9.1.1. Payments of municipal taxes ("Arnona"), payments to the municipality, any payment of tax, fee, levy, expense or any other payment of debt that applies and/or that will apply in the future to the Leased Premises in accordance with the law and/or deriving from the use of the Leased Premises (as opposed to payments and/or levies that will apply by law and/or that naturally apply to the owners of properties, subject to the provisions set forth in Section 7.11 above) such as fees for signage and business licenses. Notwithstanding the aforesaid it is hereby agreed that the Lessor shall incur mandatory payments applicable to the Lessor as the owner of the Leased Premises in accordance with the law and/or that naturally apply to the Lessor and payments that constitute betterment of the Property such as – drainage and betterment levies (subject to the provisions set forth in Section 7.11 above), sewage, pavements, paving and the like. 9.1.2. Current payments and costs for the consumption and use of electricity, water, gas, telephone, maintenance of the fire suppression systems (including sprinklers) and the like, according to the reading of meters that will be installed in the Leased Premises by and at the expense of the Lessor. 9.2. Without derogating from the foregoing, the Lessee undertakes to act for the purpose of transferring to its name all bills in connection with the Leased Premises and use thereof. 9.3. In the event any of the parties failed to fulfill its undertakings in accordance with this Section 9.1 above, the other party shall be entitled, however not obligated, to fulfill the said undertakings in its place and the breaching party undertakes to return to the other party, immediately upon receiving its demand, any sum as aforesaid and/or any sum that the said party expended and/or paid as aforesaid – in addition to the expenses of the said party in respect of the said payment and against presentation of receipts. 9.4. In the event the collection of any sum as aforesaid requires payment of legal expenses and/or attorney fees, the expenses and the fees shall be added to the mandatory sum the breaching party paid in addition to VAT and any sum that was paid as afo...

Taxes and Payments. 14.1 You acknowledge that You are aware that You are liable for all taxes payable by You to the relevant authorities. 14.2 Unless You are exempt and have provided us with a signed declaration form to this effect, Your Investments may be subject to dividend and interest withholding taxes, at their respective prescribed rates.