Common use of Taxes, Information Filings and Backup Withholding Clause in Contracts

Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Merchant as defined in IRC § 6050W. If necessary, Fattmerchant or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.

Appears in 4 contracts

Samples: Merchant Services Agreement, Merchant Services Agreement for Sub Merchants, Merchant Services Agreement for Sub Merchants

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Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant American Payments Solutions LLC or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Merchant as defined in IRC § 6050W. If necessary, Fattmerchant American Payments Solutions LLC or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.

Appears in 1 contract

Samples: Sub Merchant Agreement

Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant Integrity Business Partners or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Sub-Merchant as defined in IRC § 6050W. If necessary, Fattmerchant Integrity Business Partners or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.

Appears in 1 contract

Samples: Merchant Services Agreement for Sub Merchants

Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant SimplePay or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Merchant as defined in IRC § 6050W. If necessary, Fattmerchant SimplePay or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.

Appears in 1 contract

Samples: Sub Merchant Agreement

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Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant Till Payments or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Merchant as defined in IRC § 6050W. If necessary, Fattmerchant Till Payments or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.

Appears in 1 contract

Samples: Sub Merchant Agreement

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