Penalties/Interest. If the Contractor fails to pay the Subcontractor within the time allowed by Article X, the Subcontractor shall be entitled to receive interest on amounts due, accruing from the day after the required date for payment until the date on which payment is made. The applicable rate of interest shall be the legal rate in effect when the interest penalty accrues.
Penalties/Interest. In the event that a change in the tax liability of the Group arising from an amended return, adjustment or assessment described in Section 4.1 results or will result in the receipt or payment of interest, or the payment or recovery of penalties in excess of the aggregate interest or penalties included in determining the aggregate Separate Return Tax Liability of all of the Members, such interest or penalties shall be allocated to each Member as follows: The total amount of such excess interest or penalty shall be multiplied by a fraction, the denominator of which is the amount of the change in the Group Tax Liability on which the interest or penalty is computed, and the numerator of which is the amount of the change in the Member’s allocated tax liability, in both cases with respect to the most recent prior computation of the Group Tax Liability and the Member’s Separate Return Tax Liability. Each Member shall pay to LSI Logic, or LSI Logic shall pay to each Member, as the case may be, the excess interest or penalties allocated to each Member pursuant to this Section 4.5 at the same time the amounts payable pursuant to Section 4.1 become payable.
Penalties/Interest. 4.1. Within the past three years, no Target Group Company has paid or become liable to pay any penalty, fine, surcharge or interest in connection with Tax.
Penalties/Interest. Attorney’s Fees The State will in good faith perform its required obligations hereunder and does not agree to pay any penalties, liquidated damages, interest, or attorney’s fees, except as required by Indiana law, in part, IC 5-17-5, IC 34-54-8, and IC 34-13-1. Notwithstanding the provisions contained in IC 5-17-5, the Parties stipulate and agree that any liability resulting from the State of Indiana’s failure to make prompt payment shall be based solely on the amount of funding originating from the State of Indiana and shall not be based on funding from federal or other sources.
Penalties/Interest. 5.1 Within the past six years, neither the Business Seller nor any director or officer of the Business Seller (in his capacity as such) has paid or become liable to pay, and there are no circumstances by reason of which it or they may become liable to pay to any tax authority, any penalty, fine, surcharge or interest in respect of tax in relation to the Business or any of the assets of the Business (including in respect of any failure to make any return, give any notice or supply any information to any relevant tax authority, or any failure to pay tax on the due date for payment).
Penalties/Interest. The IEDC will in good faith perform its required obligations hereunder and does not agree to pay any penalties, liquidated damages, interest, required by Indiana law, including Indiana Code § 5-17-5, Indiana Code § 34-54-8, and Indiana Code § 34-13-1. In the event of legal action or proceedings of any kind, including without limitation enforcement of payment terms, the recapture of tax credits, or for an assessment, whether brought by either reasonable expenses, plus interest pursuant to Indiana Code § 34-51-4-9.
Penalties/Interest. Within the past three years, no Target Company nor any director or officer of any Target Company (in his capacity as such) has paid or become liable to pay any penalty, fine, surcharge or interest in respect of tax of more than £750,000 (including in respect of any failure to make any return, give any notice or supply any information to any relevant tax authority, or any failure to keep or preserve any records or to pay tax on the due date for payment) nor, so far as the relevant Share Seller is aware, are there any circumstances by reason of which a Target Company is likely to become liable to pay any such penalty, fine, surcharge or interest.
Penalties/Interest. So far as the Vendor is aware the Company and any director or officer of the Company has no outstanding liability to pay to any Tax Authority, any penalty, fine, surcharge or interest in respect of Tax (including in respect of any failure to make any return, give any notice or supply any information to any relevant Tax Authority, or any failure to pay Tax on the due date for payment).
Penalties/Interest. If District fails to pay Consultant within the time allowed by Article V, Consultant shall be entitled to receive interest on amounts due, accruing from the day after the required date for payment until the date on which payment is made. The applicable rate of interest shall be at a rate of ten percent (10%) per annum.
Penalties/Interest. Since the date of incorporation, neither the Company nor any director or officer of the Company (in his capacity as such) has paid or become liable to pay, and there are no circumstances by reason of which it or they may become liable to pay to any tax authority, any penalty, fine, surcharge or interest in respect of tax (including in respect of any failure to make any return, give any notice or supply any information to any relevant tax authority, or any failure to pay tax on the due date for payment).
