Medical Device Excise Tax definition

Medical Device Excise Tax means the taxes imposed upon the sale of medical devices as defined under Internal Revenue Code Section 4191, which was enacted by the Health Care and Education Reconciliation Act of 2010.
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Medical Device Excise Tax has the meaning set forth in Section 4191 of the Code.
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Examples of Medical Device Excise Tax in a sentence

  • The Company has no outstanding taxes due as of May 15, 2015 except for the following: • The Company currently owes $144,352 to the United States Treasury related to Medical Device Excise Tax, and • The Company owes $31,356 to California Board of Equalization related to Sales Tax penalties, for which we will be requesting a waiver.

  • Distributor is exclusively responsible for, and shall pay all sales, use, or other taxes or duties related to the sales of Products to Distributor or to the delivery of the Products into Distributor’s territory, while Fiagon is exclusively responsible for, and shall pay, all taxes levied on manufacturers or importers of the Products including the Medical Device Excise Tax.

  • This Company shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Series A, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Common Stock to which such holder shall be entitled as aforesaid.

  • The term “Net Sales Price” shall mean the total price invoiced and paid by the hospital account less the amount of any rebate, fee, applicable Medical Device Excise Tax, or other amount due from StelKast in respect of such sale (including, without limitation, the amount of any rebate payable in connection therewith or any fee or other expense payable to the hospital account or a purchasing organization acting on behalf of such hospital account in connection therewith).

  • Augmedix shall be responsible for all other taxes, including but not limited to Augmedix’s net income taxes and excise taxes imposed on Augmedix (e.g., Medical Device Excise Tax).

  • Provide Federal Medical Device Excise Tax (MDET) compliance related services and Federal Branded Prescription Drug Fee (BPD Fee) related services; provide tax controls and federal income compliance and audit services.

  • The Company shall submit to the Distributor a reasonably detailed invoice, on a monthly basis, for the amount of Medical Device Excise Tax paid by the Company with respect to the Products sold to the Distributor or directly to its customers during the prior month and the amount of which the Distributor is responsible for reimbursement hereunder.

  • Notwithstanding the foregoing, the Distributor shall reimburse the Company for [* *] % of the Medical Device Excise Tax applicable to the Products sold to the Distributor or directly to its customers.