Tax Delinquency definition
Examples of Tax Delinquency in a sentence
Tax Delinquency: A tax delinquency is any unpaid Federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted, or have lapsed, and that is not being paid in a timely manner pursuant to an agreement with the authority responsible for collecting the tax liability.
Upon the lapsing of restrictions on such an Award, the Committee shall credit to a deferred stock award account established for the Participant a number of deferred shares or share units equivalent in value to the number of deferred Stock Awards multiplied by the Fair Market Value of Common Stock.
Accordingly, in all instances, if reimbursement of an Alleged Tax Delinquency is due and payable to Purchaser as provided herein, Seller will have to reimburse Purchaser the full amount of a payment of an Alleged Tax Delinquency without regard to the aggregate amount of all Purchaser Claims since the date of Closing.
Within ten (10) business days of receipt by Seller of reasonable evidence of the occurrence of a Payment Trigger and payment of an Alleged Tax Delinquency by Purchaser in response thereto, Seller shall reimburse Purchaser the full amount of such Alleged Tax Delinquency.
Seller agrees to promptly notify Purchaser in writing of any Payment Trigger and/or any Alleged Tax Delinquency asserted by any taxing authority, and to promptly provide Purchaser with all correspondence, documents and other evidence of any such Payment Trigger and/or Alleged Tax Delinquency in the possession of Seller or Principal Shareholder.
Notwithstanding any provision of the Agreement, Seller, Principal Shareholder and Purchaser acknowledge and agree that any claim by Purchaser for reimbursement of a payment for and Alleged Tax Delinquency made in response to the occurrence of a Payment Trigger is a "Purchaser Claim" for purposes of the Agreement, and is, therefore, subject to the Seller Indemnity, provided, however, any and all such Purchaser Claims will not be subject to Section 5.4 of the Agreement.
Provider further agrees it will complete a notarized Declaration of Property Tax Delinquency form prior to the commencement of any renewal term.
If the ▇▇▇ entry for a Participant indicates that the Participant has a Tax Delinquency or a Felony Conviction, the Recipient shall notify the USDOT in writing of that entry.
The terms and conditions of this Master Agreement that by their nature and context are intended to survive termination hereof will so survive, including the following 2.2 (Ownership), 2.3 (JCC Output, Developed Materials, Deliverables), 3.6 (Taxes and Tax Delinquency), 4.
A 2 4 T A X D E L I N Q U E N C Y A N D F E L O N Y C O N V I C T I O N S Section 8113 of the Consolidated Appropriations Act, 2022 (Public Law 117-103) and similar provisions in subsequent appropriations acts.; DOT Order 4200.6 – Appropriations Act Requirements for Procurement and Non-Procurement Regarding Tax Delinquency and Felony Convictions CERTIFICATION OF OFFEROR/BIDDER REGARDING TAX DELINQUENCY AND FELONY CONVICTIONS The applicant must complete the following two certification statements.