INDEMNITY REGARDING TAX Sample Clauses

INDEMNITY REGARDING TAX. I further agree to indemnify and save harmless the Company and shall be liable to the Company for any claims in regards to non-deduction or insufficient deduction of taxes or employment insurance monies in regards to the settlement agreed to herein, including any legal costs, interest or penalties as my be assessed or alleged against the Company.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
INDEMNITY REGARDING TAX. The Vendors covenant with the Purchaser who is contracting for this purpose on behalf of itself and as trustee for the Company that they will indemnify and at all times keep the Purchaser and the Company indemnified against any diminution of the net assets of the Company which results from the Company being called upon to pay any tax or duty other than as specifically provided for in the Audited Accounts and other than income tax on normal trading income arising from transactions entered into the ordinary course of business after the Balance Sheet Date.
Sample 1Sample 2
INDEMNITY REGARDING TAX. I acknowledge that I am directly liable for all taxes and employment insurance on the settlement agreed to herein and all employment income and benefits received in the course of or in respect of my employment with the Company (including any stock options or restricted stock awards). I further agree to indemnify and save harmless the Company and shall be liable to the Company for any claims in regards to non-deduction or insufficient deduction of taxes or employment insurance monies in regards to the settlement agreed to herein or employment income and benefits received in the course of or in respect of my employment with the Company (including any stock options or restricted stock awards).
Sample 1Sample 2
INDEMNITY REGARDING TAX. The Vendor covenants with the Purchaser that it shall indemnify and at all times keep the Purchaser and/or the Company indemnified up to twenty nine point zero five per centum (29.05%) of any diminution of the net assets of the Company which results from the Company being called upon to pay any tax or duty other than as specifically provided for in the Audited Accounts and other than sales tax and income tax on normal trading income arising from transactions entered into in the ordinary Course of business having regard to past practices after the Accounts Date.
Sample 1

Related to INDEMNITY REGARDING TAX

  • Indemnity for Taxes The Borrowers hereby indemnify and agree to hold each Creditor Party harmless from and against all taxes other than Non-indemnified Taxes levied on such Creditor Party (including, without limitation, taxes imposed on any amounts payable under this Clause 23.5) paid or payable by such person, whether or not such taxes or other taxes were correctly or legally asserted. Such indemnification shall be paid within 10 days from the date on which such Creditor Party makes written demand therefore specifying in reasonable detail the nature and amount of such taxes or other taxes.

  • Tax Treatment of Indemnity Payments For all Tax purposes, the parties agree to treat all payments made under any indemnity provisions contained in this Agreement as adjustments to the Purchase Price, except to the extent applicable Law requires otherwise.

  • Treatment of Indemnity Payments Any payments made to an Indemnified Party pursuant to this Article VII or pursuant to the Escrow Agreement shall be treated as an adjustment to the Purchase Price for tax purposes.

  • Tax Indemnity Agreement The Tax Indemnity Agreement (Federal Express Corporation Trust No. N584FE), dated as of February 1, 1998, between the Lessee and the Owner Participant.

  • Post-Closing Tax Matters As a result of the Closing, the Transferor Partnership shall terminate for federal income tax purposes pursuant to Section 708(b)(1)(B) of the Code and its tax year shall close on the Closing Date. The Transferor Agent shall prepare and timely file any federal, state, local and foreign tax or information returns due after Closing that are required to be filed by or on behalf of the Transferor Partnership with respect to all tax years or periods ending on or prior to the Closing Date. The Transferor Agent shall prepare and timely file the terminating tax returns for the Transferor Partnership resulting from the consummation of the transactions contemplated under this Agreement, provided, however, that such tax returns shall be prepared in accordance with the terms and provisions of this Agreement and provided further, that prior to the filing thereof the Transferor Agent shall submit the terminating tax returns to the BRI Partnership for its review and approval, which shall not be unreasonably withheld or delayed. The BRI Partnership shall assist the Transferor Agent in obtaining such data and information regarding the Transferor Agent to permit the Transferor Partnership to prepare such returns or to respond to any audits or assessments for the periods covered by such returns.

  • Treatment of Tax Indemnity and Tax Benefit Payments In the absence of any change in Tax treatment under the Code or other applicable Tax Law,

  • Income Tax Matters (i) In order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant.

  • Tax Treatment of Indemnification Payments All indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law.

  • Indemnity Agreement The Indemnity Agreement Regarding Hazardous Materials made by the Borrower and Guarantors, in favor of the Agent and the Lenders, as the same may be modified, amended or ratified, pursuant to which each of the Borrower and the Guarantors agrees to indemnify the Agent and the Lenders with respect to Hazardous Substances and Environmental Laws.

  • Tax Treatment of Indemnification For all Tax purposes, Acquiror and Seller agree to treat any indemnity payment under this Agreement as an adjustment to the purchase price unless, and then solely to the extent that, a Final Determination provides otherwise.

Time is Money Join Law Insider Premium to draft better contracts faster.