FEDERAL EXCISE TAXES. The City is exempt from paying certain Federal Excise Taxes and will furnish an exemption certificate upon request.
FEDERAL EXCISE TAXES. The Fund is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. However, since the Fund meets the definition of a private foundation under the Internal Revenue code, it is subject to federal excise tax on its annual net investment income.Deferred federal excise taxes represent the tax liability on unrealized appreciation of marketable securities. At August 31, 2004, the Fund is in a net unrealized appreciation position, therefore, a deferred federal excise tax liability of $308 was recorded. At August 31, 2003, the Fund was in a net unrealized appreciation position, therefore, deferred federal excise tax liability of $498 was recorded.
FEDERAL EXCISE TAXES. The City is exempt from paying certain Federal Excise Taxes and will furnish an exemption certificate upon request. FUEL CHARGES: Contractor at its own expense is liable for all fuel costs related to performance. No fuel surcharges will be accepted or paid by City. DISCOUNTS: If the Contract provides for payment discounts, payment discounts will be computed from the later date of the following: (a) when correct invoice is received by the City; or (b) when acceptable materials and/or materials were received by City. AMOUNTS DUE TO THE CITY: Contractor must be current and remain current in all obligations due to the City during performance. Payments to Contractor may be offset by any delinquent amounts due to City or fees and charges owed to City under this Contract. OFAC: No City payments may be made to any person in violation of Office of Foreign Assets Control regulations, 31 C.F.R. Part 501. SERVICES INDEPENDENT CONTRACTOR: Contractor shall be an independent contractor for purposes of all laws, including but not limited to the Fair Labor Standards Act, Federal Insurance Contribution Act, Social Security Act, Federal Unemployment Tax Act, Internal Revenue Code, Immigration and Naturalization Act; Arizona revenue and taxation, workers’ compensation, and unemployment insurance laws. CONTROL: Contractor shall be responsible for the control of the work.
FEDERAL EXCISE TAXES. The District is exempt from the Federal Excise taxes. Exemption Certificate will be furnished when required. J. HOLD HARMLESS Bidders shall define and hold the District, its officers, employees, agents, and insurers harmless from any and all claims arising from the use or consumption of product provided by bidder unless bidder can establish that such claims arise from the District’s improper handling, storage, or use of the product. K. AGGRIEVED BIDDERS Appeal Process for Aggrieved Bidders/Bidders for Contract Awards at $25,000 or greater, AR 3311, Bids.
FEDERAL EXCISE TAXES. In the event that any Federal Excise Tax is due with respect to any premiums due under this Agreement, the Company agrees to pay such tax in addition to any premiums due under this Agreement and agrees to remit such tax to the United States Internal Revenue Service and shall indemnify and hold the Reinsurer harmless for any such taxes which the Reinsurer may become obligated to pay. DISCLOSURES AND APPROVALS: The Company represents and warrants with respect to this Agreement and the transactions hereunder, and with respect to any insurance and reinsurance written by the Company which is covered by this Agreement and all transactions thereunder, that all