Louisiana Sales and Use Tax Provisional Sum definition

Louisiana Sales and Use Tax Provisional Sum has the meaning set forth in Attachment EE.
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Louisiana Sales and Use Tax Provisional Sum. If the actual amount of Louisiana Sales and Use Taxes paid by Contractor and its Subcontractors and Sub-subcontractors is less than the Louisiana Sales and Use Tax Provisional Sum, Owner shall be entitled to a Change Order reducing the Contract Price by such difference. If the actual amount of Louisiana Sales and Use Taxes paid by Contractor and its Subcontractors and Sub-subcontractors is greater than the Louisiana Sales and Use Tax Provisional Sum, Contractor shall be entitled to a Change Order increasing the Contract Price by such difference, except for Louisiana Sales and Use Tax associated penalties and interest paid or incurred by Contractor and its Subcontractors and Sub-subcontractors as a result of non-compliance with the Louisiana Sales and Use Tax laws. Subject to Section 4.5C of the Agreement, Owner and Owner’s tax consultant shall have thirty (30) Days following receipt of the Contractor’s Change Order request pursuant to this Section 2.4 to review and audit Contractor’s Change Order request, supporting Louisiana Sales and Use Tax Returns and supporting invoice documentation as delineated in Section 4.5A of the Agreement to ensure the validity of Contractor’s Change Order with this Section 2.4. Contractor shall reasonably cooperate with Owner and Owner’s tax consultant to minimize any and all Louisiana Sales and Use Taxes arising in connection with the Work, including a Contractor’s Change Order pursuant to this Section 2.4.
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Louisiana Sales and Use Tax Provisional Sum. If the actual amount of Louisiana Sales and Use Taxes paid by Contractor and its Subcontractors and Sub-subcontractors is less than the Louisiana Sales and Use Tax Provisional Sum, Owner shall be entitled to a Change Order reducing the Contract Price by such difference. If the actual amount of Louisiana Sales and Use Taxes paid by Contractor and its Subcontractors and Sub-subcontractors is greater than the Louisiana Sales and Use Tax Provisional Sum, Contractor shall be entitled to a Change Order increasing the Contract Price by such difference, except for Louisiana Sales and Use Tax associated penalties and interest paid or incurred by Contractor and its Subcontractors and Sub-subcontractors as a result of non-compliance with the Louisiana Sales and Use Tax laws. Subject to Section 4.5C of the Agreement, Owner and Owner’s tax consultant shall have thirty (30) Days following receipt of the Contractor’s Change Order request pursuant to this Section 2.5 to review and audit Contractor’s Change Order request, supporting Louisiana Sales and Use Tax Returns and supporting invoice documentation as delineated in Section 4.5A of the Agreement to ensure the validity of Contractor’s Change Order with this Section 2.5. Contractor shall reasonably cooperate with Owner and Owner’s tax consultant to minimize any and all Louisiana Sales and Use Taxes arising in connection with the Work, including a Contractor’s Change Order pursuant to this Section 2.5. [On Guarantor letterhead] This guarantee and indemnity agreement (hereinafter referred to as the “Guarantee”) effective on this the 11th day of November, 2011, is entered into by BECHTEL GLOBAL ENERGY, INC., a corporation organized and existing under the laws of the state of Delaware, United States of America, having its registered office located at 00 Xxxxx Xxxxxx, San Francisco, California, 94105-1845 U.S.A. (hereinafter referred to as “Guarantor”), in favor of Sabine Pass Liquefaction, LLC (hereinafter referred to as “Owner”). In consideration of Owner entering into an Engineering, Procurement and Construction agreement between Owner and Guarantor’s wholly owned affiliate BECHTEL OIL, GAS AND CHEMICALS. INC. (“Contractor”) and dated the 11th of November, 2011 (“Agreement”) and accepting this Guarantee in respect of such Agreement it is agreed as follows:
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Examples of Louisiana Sales and Use Tax Provisional Sum in a sentence

  • The Soils Preparation Provisional Sum, Existing Facility Labor Provisional Sum, Heavies Removal Unit Provisional Sum, Operating Spare Parts Provisional Sum, and Louisiana Sales and Use Tax Provisional Sum shall be adjusted by mutually agreed Change Order as described below.

  • If the actual amount of Louisiana Sales and Use Taxes paid by Contractor and its Subcontractors and Sub-subcontractors is greater than the Louisiana Sales and Use Tax Provisional Sum, Contractor shall be entitled to a Change Order increasing the Contract Price by such difference, except for Louisiana Sales and Use Tax associated penalties and interest paid or incurred by Contractor and its Subcontractors and Sub-subcontractors as a result of non-compliance with the Louisiana Sales and Use Tax laws.

  • SCHEDULE EE – 2 Provisional Sums to be Adjusted during Project Execution 2 INTRODUCTION The Soils Preparation Provisional Sum, Existing Facility Labor Provisional Sum, Operating Spare Parts Provisional Sum, and Louisiana Sales and Use Tax Provisional Sum shall be adjusted by mutually agreed Change Order as described below.

  • If the actual amount of Louisiana Sales and Use Taxes paid by EE-6 Contractor and its Subcontractors and Sub-subcontractors is less than the Louisiana Sales and Use Tax Provisional Sum, Owner shall be entitled to a Change Order reducing the Contract Price by such difference.

Related to Louisiana Sales and Use Tax Provisional Sum

  • Sales and Use Taxes means local and State sales and compensating use taxes and fees imposed pursuant to Article 28 of the New York State Tax Law, as the same may be amended from time to time.

  • Agreement sales and use tax means a tax imposed under: (a) Subsection 59-12-103(2)(a)(i)(A);

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Operation and Maintenance Costs means the costs of:

  • Property tax increment means the amount obtained by:

  • Annual Division of Revenue Act means the Act of Parliament, which must be enacted annually in terms of section 214 (1) of the Constitution;

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • WTO GPA country construction material means a construction material that—

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Improvement district means a local district that operates under and is subject to the provisions of this chapter and Chapter 2a, Part 4, Improvement District Act, including an entity that was created and operated as a county improvement district under the law in effect before April 30, 2007.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Tourism destination project means a qualified non-gaming business facility that will be among the most visited privately owned or operated tourism or recreation sites in the State, and which is located within the qualified incentive area and has been determined by the authority to be in an area appropriate for development and in need of economic development incentive assistance, including a non-gaming business within an established Tourism District with a significant impact on the economic viability of that District.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • All applicable Federal, State, and local taxes and duties means all taxes and duties, in effect on the contract date, that the taxing authority is imposing and collecting on the transactions or property covered by this contract.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Spatial Planning and Land Use Management Act means the Spatial Planning and Land Use Management Act, 2013 (Act 16 of 2013);