Service Company. The definition of “Service Company” in the first paragraph of this Agreement shall include any Person that succeeds to Service Company’s interests hereunder and to whom the obligations of Service Company hereunder are assigned and transferred in accordance with the terms of this Agreement.
Service Company. 3.1 Soft-world and/or Licensee shall establish the Service Company within 60 to 90 days after the date of execution of this Agreement. Promptly upon establishment of the Service Company, Licensee shall provide Licensor with the relevant corporate information on the Service Company, including the shareholding details thereof, and such other information thereon as may be reasonably requested by Licensor.
Service Company. 1.05 Service Company shall provide, own, and construct, or cause to be constructed, at its own expense, the following described facilities:
Service Company. During the continuance of this Agreement and at its own expense, Lessee shall enter into and maintain in force a contract with the manufacturer or other qualified maintenance organization for maintenance of each item of Equipment. Such contract as to each item shall commence upon expiration of the manufacturer's warranty period, if any, relating to such item. Lessee shall furnish Lessor with a copy of such contract upon demand.
Service Company. An alternative to incorporation could be to run a service company alongside a partnership to provide services such as staff, office equipment and plant. The arrangements between the businesses must be commercial, but they can be effective in reducing personal tax liabilities for highly profitable partnerships. A company as partnership member A company can be a member of a partnership. In this case, the normal rules for assessing profits are modified. The taxable profits are calculated broadly according to corporation tax rules, and the company pays corporation tax on its share of profits. Individuals in the same partnership pay income tax on their share of profits. Tax planning key points • Partnerships offer a flexible business vehicle, particularly as the availability of limited and limited liability partnerships provide many of the commercial advantages of a corporate body. • The taxation of partnerships can, however, be extremely complex, and much operates on the basis of HMRC guidance and practice as the legislation is inadequate. • There are opportunities to be had through the use of partnerships that combine corporate and non-corporate (individuals and trusts) members, as they offer a means of accessing the tax regime that applies to companies, individuals and trusts. • It is important to ensure that the partnership as a whole and the individual partners comply with their general legal and tax obligations. This guide is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking action on the basis of the contents of this publication. The guide represents our
Service Company. Buyer shall form a service company (the "Service Company") to provide to provide funding to Seller for the processing of Claims under the supervision of Seller. In addition to the Purchase Price, Buyer agrees to allocate $1,000,000 to the Service Company to meet expenses associated with the processing of Claims by Seller as set forth in the Claims Processing Expense Payment Agreement.