Taxes and Governmental Charges Clause Samples

Taxes and Governmental Charges. Under current law, the granting of a usufruct or a bailment for hire does not impose upon the tenant any obligation to pay taxes, or other governmental charges against the Project that is the subject of such lease; however, in this Lease, the parties, by operation of express covenant and not by operation of law, have provided that the tenant shall be responsible for any actual ad valorem taxes and any governmental charges lawfully levied on the Project and payments in lieu of taxes in accordance with the Economic Development Agreement.

Taxes and Governmental Charges. The Borrower has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or have provided adequate reserves for the payment thereof.

Taxes and Governmental Charges. (a) As of the date of this Agreement, BCF has: (i) duly and in a timely manner filed all Tax Returns and reports required by Law to have been filed by it (except for such Tax Returns and reports with respect to which the failure to timely file would not reasonably be expected to have a BCF Material Adverse Effect), and all such Tax returns and reports are true, correct, and complete in all material respects; (ii) duly kept all records which it is required to keep for Tax proposes or which would be needed to substantiate any claim made or position taken in relation to Tax by it, as applicable, and such records available for inspection at the head office of BCF; (iii) duly and correctly reported all income and other amounts required to be reported; (iv) paid all Taxes to the extent that such Taxes have been assessed by the relevant taxation authority; and (v) duly and in a timely manner paid, deducted, withheld, collected and remitted all Governmental Charges (other than Governmental Charges that are not yet due) and has made full provision for (including properly accruing and reflecting on its books and records) all Governmental Charges that are not yet due, that relate to periods (or portions thereof) ending prior to the date of this Agreement, except where the failure to pay any such Governmental Charges, or make any such remittance, deduction or contribution or other amount would not reasonably be expected to have a BCF Material Adverse Effect. (b) The BCF Financial Statements contain adequate provision for all Taxes, assessments and levies imposed on BCF, or their property or rights, arising out of operations on or before September 30, 2017, regardless of whether such amounts are payable before or after the Effective Date. (c) No deficiency in payment of any Taxes for any period has been asserted against BCF by any Governmental Authority and remains unsettled at the date hereof. (d) No Tax Return of BCF is being audited by the relevant taxing authority. There are no outstanding waivers, objections, extensions, or comparable consents regarding the application of the statute of limitations or period of reassessment with respect to any Taxes or Tax Returns that have been given or made by BCF (including the time for filing of Tax Returns or paying Taxes). To the knowledge of BCF there are no pending requests for any such waivers, extensions, or comparable consents. BCF has not received a ruling from any Governmental Authority or signed an agreement with any...

Taxes and Governmental Charges. The Shipowner shall pay and discharge, or cause to be paid and discharged, on or before the same shall become delinquent, all taxes, assessments, government charges, fines and penalties lawfully imposed upon each Vessel, unless the same are being contested in good faith.

Taxes and Governmental Charges. The transfer, assignment and the pledge of the Collateral by the Borrower, a Managing Member and SAP pursuant to the Security Agreement and the Pledge Agreement is not subject to and will not result in any Tax payable by the Borrower to any federal, state or local government except as has been paid or provided for. No Tax is owed in connection with any period prior to the applicable Cut-Off Date or with respect to the sale, contribution or assignment of Conveyed Property by the applicable Assignor to SAP Seller, by SAP Seller to TEP Resources, by TEP Resources to the Borrower or by the Borrower to SAP, except as has been paid or provided for.

Taxes and Governmental Charges. Prices do not include any taxes or other governmental charges, including import or export duties, value-added, sales, use or privileges taxes, property or excise, or similar taxes levied by any government. Distributor shall pay all such taxes or charges on or before the due date.

Taxes and Governmental Charges. In addition to all other payments required to be made by Customer hereunder, Customer shall pay all taxes and governmental charges, foreign, federal, state, local or otherwise (other than income or franchise taxes of ImageSoft), however designated, which are levied or imposed by reason of the transactions contemplated bythis SMA, including but not limited to sales and use taxes, excise taxes and customs duties or charges.

Taxes and Governmental Charges. [**] of all taxes assessed on NU which are attributable to [**] when they become due, which shall include all taxes, assessments and governmental charges of any kind whatsoever lawfully levied or assessed and attributable against NECOM's installation, maintenance or operation of the connections to the Cable or against NECOM's business with regards to the Cable or the connection thereof, including without limitation, all franchise and other fees to any Federal, State, City or other jurisdiction having the authority to tax or assess other governmental charges. Upon said payment to NU, NU shall indemnify NECOM against any and all actions which may be brought against NU and NECOM with regard to NU's remittance of said payments to any taxing authority or governmental agency. NECOM shall have the right to pay the tax or charge under protest without being subjected to a default notice under Section 34. NU shall [**] all taxes, assessments and governmental charges of any kind whatsoever lawfully levied or assessed against the Cable, installation, maintenance or operation of the connections to the Cable or against NU's business with regards to the Cable or the connection thereto, including without limitation, all franchise and other fees to any Federal, State, City or other jurisdiction having the authority to tax and assess other governmental charges. NU shall have the right to pay the tax or charge under protest without being subjected to a default notice under Section 34. NU warrants that it shall remit all tax payments to taxing authorities and governmental agencies and shall not cause the Cable to be levied, attached, or otherwise encumbered by any taxing authority by not having done so. Each party shall pay without apportionment any taxes levied on it based on its business profits. Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions. [**]. NU shall take reasonable efforts suggested by NECOM to minimize the amount of said income tax liability on its return(s), in accordance with applicable laws and regulations. At present, based upon using a twenty-year depreciation schedule, the parties estimate this tax liability to be [**]. NECOM shall hold harmless, indemnify and defend NU in the event [**] that NU may request from NECOM from time to time and which NECOM agrees to provide, which [**] described in this paragraph. If said [**] has not been attained on the [**] of this Agreement, NECOM ag...

Taxes and Governmental Charges. The Borrower and its Affiliates have filed all tax returns and reports required to be filed and have paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have provided adequate reserves for the payment thereof.