Tax Grants definition
Examples of Tax Grants in a sentence
To the Knowledge of the Company, each of the Company and its Subsidiaries is in compliance with the terms and conditions of any Tax Grants in all material respects.
The Annual Sales Tax Grants shall be paid within ninety (90) days after receipt of a Payment Request.
In the event the State of Texas seeks to invalidate Home Depot as a place of business where Sales and Use Tax was properly remitted to the State of Texas (the "Comptroller Challenge") the payment of Annual Sales Tax Grants by the City hereunder shall be suspended until such Comptroller Challenge is resolved in whole favorably to the City.
The City, by and through its City Administrator, or designee, shall have the authority to administer this Agreement, including the receipt of Payment Requests and the payment of Annual Sales Tax Grants.
In the event the Comptroller Challenge is resolved favorably to the City, the City shall remit to Home Depot all unpaid Annual Sales Tax Grants that they would have otherwise been entitled to during the suspension due to the Comptroller Challenge.
Subject to the continued satisfaction of all the terms and conditions of this Agreement by Home Depot, the City (the "Grantor") agrees to provide Home Depot with Annual Sales Tax Grants.
The Annual Sales Tax Grants paid by the City to Home Depot shall occur annually until the cumulative payments of sales tax grants to Home Depot equal the Maximum Sales Tax Grant.
In such event, Home Depot shall not be required to return or refund Annual Sales Tax Grants previously received from the City provided Home Depot is actively defending against and/or contesting the Comptroller Challenge and Home Depot promptly informs the City in writing of such Home Depot actions and with copies of all documents and information related thereto.
The payment of the Annual Sales Tax Grants shall terminate on the effective date of determination by the State of Texas or other appropriate agency or court of competent jurisdiction that Home Depot is not a place of business resulting in Sales and Use Taxes being due the City from the sale of Taxable Items by Home Depot on the Property.
The Annual Sales Tax Grants shall be paid within ninety (90) days after receipt of a Payment Request following the end of the applicable Grant Period.