Tax Witholding. In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (as used in this Section 17.15, “Applicable Law”) that a foreign financial institution, issuer, trustee, paying agent, holder or other institution is or has agreed to be subject to related to this Indenture, the Company agrees (i) to provide to the Trustee sufficient information about holders or other applicable parties and/or transactions (including any modification to the terms of such transactions) that is reasonably requested in writing and in the Company’s possession (or, to the extent not in the Company’s possession, can be obtained through commercially reasonable efforts of the Company) so the Trustee can determine whether it has tax related obligations under Applicable Law, except to the extent that providing such information to the Trustee would result in a violation of any applicable law, rule or regulation (inclusive of directives, guidelines and interpretations promulgated by competent authorities) or would require the consent, authorization, approval or waiver of a Person who is not a party to this Indenture or an affiliate of a party to this Indenture and such consent, authorization, approval or waiver cannot be obtained through commercially reasonable efforts of the Company, and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law for which the Trustee shall not have any liability. The terms of this Section shall survive the termination of this Indenture.
Tax Witholding. If the Company incurs a withholding tax obligation with respect to the share of income allocated to any Member: (a) any amount which is (i) actually withheld from a distribution that would otherwise have been made to such Member and (ii) paid over in satisfaction of such withholding tax obligation shall be treated for all purposes under this Agreement as if such amount had been distributed to such Member; and (b) any amount which is so paid over by the Company, but which exceeds the amount, if any, actually withheld from a distribution which would otherwise have been made to such Member, shall be treated as an interest free advance (subject to the other provisions of this Section 7.2) to such Member. Amounts treated as advanced to any Member pursuant to this Section 7.2 shall be repaid by such Member to the Company within thirty (30) days after the Manager gives notice to such Member making demand therefor. Any amounts so advanced and not timely repaid shall bear interest, commencing on the expiration of said thirty (30) day period, compounded monthly on unpaid balances, at an annual rate of eight percent (8.00%). The Company shall collect any unpaid advance amounts from any future distributions that would otherwise be made to such Member.
Tax Witholding. The Corporation shall be entixxxx xx withhold from Grantee's compensation any amounts necessary to satisfy applicablx xxx xithholding with respect to the grant and vesting of the Restricted Shares.
Tax Witholding. The Corporation shall be entitled to withhold from Xxxxxxx's compensation any amounts necessary to satisfy applicable tax withholding with respect to the grant and vesting of the Restricted Shares.
Tax Witholding. If SyntheMed in good faith concludes that tax withholdings under the laws of any country are required with respect to payments to BIOVECTRA, it shall withhold the required amount and pay it to the appropriate Governmental Authority, and shall promptly provide BIOVECTRA with original receipts or other evidence reasonably required and sufficient to allow BIOVECTRA to document such tax withholdings adequately for purposes of claiming foreign tax credits and similar benefits.
Tax Witholding. Notwithstanding any other provision in this Agreement, the Company shall have the right to withhold from any amounts payable by the Company any Taxes required by law to be withheld.
Tax Witholding. As a condition to exercise of the options, Grantee shall be liable to pay all applicable federal, state and local taxes.
Tax Witholding. Buyer shall be entitled to deduct and withhold from the payment of the portion of the Purchase Price allocable to the covenants contained in Section 7.8 herein such amounts as Buyer reasonably determines are required to be deducted and withheld with respect to the making of such payment under the Code, or any provision of state, local or foreign Tax law. To the extent that amounts are so withheld, such amounts shall be (i) remitted to the appropriate Governmental Authority as required by the Code, or any provision of state, local or foreign Tax law and (ii) treated for all purposes of this Agreement as having been paid to the Person in respect of whom such deduction and withholding were made.
Tax Witholding. Xxxxxx represents that he has been represented by counsel and has not relied upon any advice from Cyanotech and/or its attorneys as to the necessity of withholding or the taxability of such payment, whether pursuant to federal, state or local income tax statutes or otherwise. Xxxxxx acknowledges that Cyanotech does not make and has not made any representations regarding the taxability of the payment to him, and he has not relied upon any representation by Cyanotech on that subject.
Tax Witholding. Notwithstanding any other provision of this Agreement, the Company may withhold from any amounts payable under this Agreement, or any other benefits received pursuant hereto, such minimum Federal state and/or local taxes as shall be required to be withheld under any applicable law or regulation.
