Statutory Payments Sample Clauses
The Statutory Payments clause defines the obligation of one party to make payments that are required by law, such as taxes, social security contributions, or other government-mandated charges. In practice, this clause clarifies which party is responsible for ensuring these payments are made and may specify the timing and method of payment, as well as the consequences of non-compliance. Its core function is to allocate responsibility for legal payment obligations, thereby reducing the risk of disputes or penalties arising from unpaid statutory amounts.
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Statutory Payments. The Tenderer shall be liable for the payment of wages and all other dues to its employees which they are entitled to receive under the provisions of Minimum Wages Act stipulated by Government of India and other relevant statutory authorities from time to time.
Statutory Payments. The Issuer shall pay all stamp duties or other taxes imposed by any Authority upon or in connection with the issue and subscription of the Bonds and the execution and delivery of the Issue Documents. The Issuer shall also indemnify the Trustee and the Bondholders from and against all stamp or other taxes paid by any of them in connection with any action taken by or on behalf of the Trustee in relation to the Bonds or, as the case may be, the Bondholders to enforce the Issuer’s obligations under this Trust Deed or the Bonds.
Statutory Payments. The User shall be solely responsible for:
17.1 The collection and payment of all taxes of any nature imposed on or incurred as a consequence of User’s activities.
17.2 Compensation, workers compensation, disability, unemployment, and other benefits for its employees and contractors.
Statutory Payments. All normal termination payments including: ▪ all pay up to final day of employment; ▪ all accumulated annual leave, pro rata annual leave up to final day of employment; and ▪ pro rata long service leave after 5 years’ completed continuous service.