Exemption Certificate Clause Samples
An Exemption Certificate clause establishes the conditions under which a party is exempt from paying certain taxes, fees, or charges, typically by providing a valid certificate to the other party. In practice, this clause requires the exempt party to furnish documentation, such as a resale or tax-exempt certificate, to prove their eligibility for exemption before the transaction is completed. Its core function is to ensure compliance with tax laws while preventing unnecessary charges, thereby clarifying each party’s responsibilities regarding tax exemptions.
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Exemption Certificate. Not later than the commencement of the Commitment Period or, in the case of any bank or financial institution that becomes a Lender after such date, pursuant to Article 14, the date of the instrument of assignment pursuant to which such bank or financial institution became a Lender, and annually on each Anniversary Date thereafter or at such other times as the Agent or the Borrowers may request, each Lender organized under the Laws of a jurisdiction outside the United States shall provide the Agent and the Borrowers with duly completed copies of Form 1001 or Form 4224 or any successor form prescribed by the Internal Revenue Service of the United States certifying that such Lender is exempt from United States withholding taxes with respect to all payments to be made to such Lender hereunder or other document satisfactory to Holdings, on behalf of the Borrowers, and the Agent indicating that all payments to be made to such Lender hereunder are not subject to such taxes (each such certificate, an "Exemption Certificate"). Unless the Agent and Holdings have received an Exemption Certificate from such Lender, the Borrowers, or the Agent if the Borrowers have not withheld, may withhold taxes from such payments at the applicable statutory rate (subject, in the case of the Borrowers to the requirements of Section 3.9(a)); provided, however, that if the Borrowers have withheld Holdings shall so notify the Agent. If the Borrowers are required to pay additional amounts to any Lender pursuant to this Section 3.9, such Lender shall use reasonable efforts to designate a different Lending Office if such designation will thereafter avoid the need for any additional payments under this Section 3.9 and will not, in the sole good faith judgment of such Lender, be otherwise disadvantageous to such Lender in any material respect. A Lender which ceases to be exempt from United States withholding taxes shall notify the Agent and the Borrowers promptly thereof.
Exemption Certificate. If Customer believes itself to be exempt from any Taxes or Governmental Charges, it may provide Syringa Networks with a certificate demonstrating its eligibility for exemption. If the certificate is accepted, Syringa Networks will cease imposing the applicable Taxes or Governmental Charges and, if such charges previously had been imposed and collected, Syringa Networks will credit Customer in an amount equal to the charges paid by Customer during the ninety (90) day period immediately preceding the delivery of the accepted certificate, unless otherwise required by law or regulation.
Exemption Certificate. If Customer believes itself to be exempt from any Assessments, it may provide FBL with a valid exemption certificate. If the certificate is accepted, FBL will cease imposing the applicable Assessments. No exemption will be applied retroactively to any period prior to the date Customer provides such certificate.
Exemption Certificate. 3.7 Facilities..................................................................
Exemption Certificate. If Customer believes itself to be exempt from any Governmental Charges or Taxes, it may provide XO with a certificate demonstrating its eligibility for exemption. If the certificate is accepted, XO will cease imposing the applicable Governmental Charges or Taxes and, if such charges previously had been imposed and collected, XO will credit Customer in an amount equal to the charges paid by Customer during the ninety (90) day period immediately preceding the delivery of the accepted certificate, unless otherwise required by law or regulation.
Exemption Certificate. Not later than: (a) the Closing Date, (b) in the case of any bank or financial institution that becomes a Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer after the Closing Date, the date of the instrument of assignment 114 124 pursuant to which such bank or financial institution became a Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer, (c) annually on each Anniversary Date thereafter or (d) such other times as the Administrative Agent or the Borrower Representative may reasonably request: (i) each Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer organized under the laws of a jurisdiction outside the United States shall provide the Administrative Agent and the Borrower Representative with duly completed copies of Form 1001 or Form 4224 or any successor form prescribed by the Internal Revenue Service of the United States certifying that such Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer is exempt from United States withholding taxes with respect to all payments to be made to such Bank hereunder or other document satisfactory to the Borrowers and the Administrative Agent indicating that all payments to be made to such Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer hereunder are not subject to such taxes and (ii) each other Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer shall provide the Administrative Agent and the Borrower Representative with a written statement which certifies that such Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer is not a non-resident alien or foreign corporation and which otherwise satisfies Treasury Regulation Section 1.1441-5(b) or any successor regulation under the Internal Revenue Code (each such certificate or statement, an "Exemption Certificate"). Unless the Administrative Agent and the Borrower Representative have received an Exemption Certificate from such Bank, Designated Swing Line Lender or Designated Letter of Credit Issuer, the Borrowers, or the Administrative Agent if the Borrowers have not withheld, may withhold taxes from such payments at the applicable statutory rate (subject, in the case of the Borrowers to the requirements of Section 13.3(a) above); provided, however, that, if the Borrowers have withheld, the Borrower Representative shall so notify the Administrative Agent. Any Bank, Designated Swing Line Lender or Designated Letter of Credi...
Exemption Certificate. 4.1 The City agrees that if the Tax Collector:
(a) receives the documentation and fee set out in section 3.2 of Bylaw 8776;
(b) is satisfied that the Parcel satisfies the eligibility criteria under Bylaw 8776 and the Act; and
(c) is satisfied that the municipal property value taxes for the Parcel are not in arrears, the Tax Collector shall issue an Exemption Certificate for the Parcel for the 2015 municipal taxation year in accordance with Bylaw 8776.
Exemption Certificate. Prior to Closing hereunder, and notwithstanding any provision to the contrary herein contained, Purchaser shall provide evidence that Taxes have been paid, or Purchaser shall duly complete, execute and deliver to Seller any certificate, affidavit or other document as may be needed to support any exemption, exception, or exclusion from any and all Taxes that may be claimed or relied upon by Purchaser with respect to the subject transaction.
Exemption Certificate. OWNAH may provide Contractor an exemption certificate acceptable to the relevant taxing authority, in which case, Contractor agrees it shall not collect the Taxes covered by such certificate.
Exemption Certificate. If Customer believes itself to be exempt from any Taxes or Governmental Charges, it may provide Pioneer Connect with a certificate demonstrating its eligibility for exemption. If the certificate is accepted, Pioneer Connect will cease imposing the applicable Taxes or Governmental Charges and, if such charges previously had been imposed and collected, Pioneer Connect will credit Customer in an amount equal to the charges paid by Customer during the ninety (90) day period immediately preceding the delivery of the accepted certificate, unless otherwise required by law or regulation.