Interest; Penalties. In the event the Company or any Sponsor Affiliate should fail to make any of the payments to the County required under this Fee Agreement, then the item or installment so in default shall continue as an obligation of the Company or such Sponsor Affiliate until the Company or such Sponsor Affiliate shall have fully paid the amount, and the Company and any Sponsor Affiliates agree, as applicable, to pay the same with interest thereon at a rate, unless expressly provided otherwise herein and in the case of FILOT payments, of 5% per annum, compounded monthly, to accrue from the date on which the payment was due and, in the case of FILOT payments, at the rate for non-payment of ad valorem taxes under State law and subject to the penalties the law provides until payment.
Interest; Penalties. A. An interest penalty shall be paid automatically, if payment is not made by the due date and the conditions listed below are met, if applicable.
Interest; Penalties. We may not charge you a penalty if you pay the Resident's itemized statement on time. Payment is on time if it is made within 45 days of the date the bill is postmarked, or 30 days after the end of the billing period, whichever is later. The interest penalty we charge is ____% of the amount due, calculated on either a ( ) daily or ( ) monthly basis. For any bill delinquent over one month, penalties will be calculated on either a ( ) simple or ( ) compound basis.4
Interest; Penalties. In the event the Company or any Sponsor Affiliate(s) should fail to make any of the payments to the County required under this Agreement, then the item or installment so in default shall continue as an obligation of the Company or such Sponsor Affiliate(s) until the Company or such Sponsor Affiliate(s) shall have fully paid the amount, and the Company and any Sponsor Affiliate(s) agree, as applicable, to pay the same with interest thereon at a rate, unless expressly provided otherwise herein and in the case of FILOT payments, of five percent (5%) per annum, compounded monthly, to accrue from the date on which the payment was due and, in the case of FILOT payments, at the rate for non-payment of ad valorem taxes under State law and subject to the penalties the law provides until payment.
Interest; Penalties. The seeking of or entering into any IRS Agreement meeting the requirements of this Section 5.16 (or any resulting Dividend Deficiency Amount, Section 5.16 Expenses Amount or Section 5.16 Interest/Penalties Amount) shall not constitute a circumstance, event, occurrence, change or effect that would constitute a Cornerstone Material Adverse Effect.
Interest; Penalties. The optionee will also be subject to interest penalties for failure to pay on a timely basis the taxes attributable to the vesting of the options in the 2005 and 2006 calendar years. The optionee may incur additional interest penalties if he or she does not pay on a timely basis the taxes attributable to the Section 409A income for the 2007 calendar year. See page 5 for a discussion of the potential adverse tax consequences. What are the tax consequences if I accept this Offer? If you accept this Offer and tender your Eligible Options for amendment, you will not recognize any taxable income for U.S. federal income tax purposes at the time of your acceptance of this Offer and tender of your Eligible Options or at the time your Eligible Options are amended to adjust the exercise price. By amending the exercise prices of your Eligible Options to the applicable Adjusted Exercise Prices, you should avoid the adverse tax consequences under Section 409A that may apply to your Eligible Options. Accordingly, you will not be subject to taxation under Section 409A on your vested Amended Options in the 2008 calendar year and as your Amended Options vest in one or more subsequent calendar years, you will not recognize taxable income with respect to the option shares that vest in those years, and you will not be subject to any 20% penalty tax or any interest penalty under Section 409A. You should only be taxed with respect to your Amended Options when you exercise those Amended Options or when you sell the underlying shares. However, you will recognize taxable income when you receive the Cash Payment paid with respect to your Amended Options. See page 21 for a discussion of the tax consequences of accepting this Offer. If you are subject to the tax laws of other jurisdictions in addition to the United States, there may be additional consequences of your participation in this Offer. We recommend that you consult with your own personal tax, financial and legal advisors to determine the tax and other consequences of accepting or declining this Offer. What are the tax consequences if I do not accept this Offer? If you choose not to accept this Offer to amend your Eligible Options and take no other action to bring those options into compliance with Section 409A, then you may be subject to the adverse tax consequences under Section 409A (and similar state tax laws) in the manner discussed above. You will be solely responsible for any taxes, penalties or interest you may incur...
Interest; Penalties. The Corporation may not charge you a penalty if you pay your bill on time. Your payment is on time if it is made within 15 days of the date the itemized statement is postmarked, or 5 days after the end of the billing period, whichever is later. The interest penalty that the Corporation charges is 1.5 percent of the amount that is due, calculated on either a daily or monthly basis. For any bill delinquent over one month, penalties will be calculated on a simple basis.
Interest; Penalties. The Company is under no liability (and has not in the 6 years prior to Completion been liable) to pay any interest, penalty, fine or default surcharge in connection with any Tax.
Interest; Penalties. The Company is under no liability to pay any interest, penalty, fine or default surcharge in connection with any Tax nor is any such liability likely to arise.
Interest; Penalties. If any interest, penalty, or late fee is assessed or becomes due by DFS as a result of a late payment of any sales, use, or property taxes as a direct result of Baldxxx' xxilure to timely comply, Baldxxx xxxl indemnify DFS for any such charges. Both parties shall have the right to dispute any such charges on a jurisdictional basis providing that there is reasonable legal basis to dispute.
