Legal or Tax Advice. Although Blue Cross and Blue Shield and its designated vendor(s), when applicable to your arrangement with Blue Cross and Blue Shield, may provide technical and other assistance on issues affecting HRAs/FSAs, TFSs, PFSs, and/or HDHPs and HSAs, you understand and acknowledge by your acceptance of this Account-Based Offerings Administrative Services Agreement that neither Blue Cross and Blue Shield nor its designated vendor(s) is providing legal or tax advice. Reprocessed Claims You acknowledge and agree that claims processed by Blue Cross and Blue Shield may be retrospectively adjusted as needed and that Blue Cross and Blue Shield will not be responsible for any losses resulting from such adjustments. Your General Responsibilities Under this Account-Based Offerings Administrative Services Agreement, your general responsibilities are: • Group Setup Form (when applicable to your arrangement with Blue Cross and Blue Shield). When you elect to use Blue Cross and Blue Shield’s designated vendor(s) to provide certain services for your Account-Based Offerings, you will provide Blue Cross and Blue Shield with a completed Group Setup Form that designates certain aspects of the Account-Based Offerings that you will make available to your eligible employees. Within 45 calendar days prior to your policy year under this Account-Based Offerings Administrative Services Agreement, and then for each subsequent renewal date, you must confirm or revise these designations by submitting (or resubmitting) your completed Group Setup Form to Blue Cross and Blue Shield. You may also revise these designations from time to time, as long as the revisions are submitted in writing to Blue Cross and Blue Shield and the revisions are agreed upon by both parties.
Legal or Tax Advice. Such Legal Entity acknowledges that neither the QI nor any officer, director, employee, agent or affiliate of the QI has made representation or rendered any advice with respect to the legal or tax aspects of the Exchanges contemplated hereby. Such Legal Entity further acknowledges that it has been advised to seek independent legal and tax advice regarding the LKE Program, regarding whether any Relinquished Property and Replacement Property are like-kind under Sections 1.1031(a)-2 and 1.1031(k)-1 of the Treasury Regulations and to have this Agreement reviewed and approved by independent counsel.
Legal or Tax Advice. Each Exchanger acknowledges that neither QI nor any employee, officer, managers, agent, principal or affiliate of QI has given any legal or tax advice nor made representations regarding the legal or tax consequences of its LKE Program. Each Exchanger further acknowledges that it has been advised to seek independent legal and tax advice regarding its LKE Program, regarding whether any Relinquished Property and Replacement Property are like-kind under Sections 1.1031(a)-2 and 1.1031(k)-1 of the Treasury Regulations and to have this Agreement reviewed and approved by independent counsel. Each Exchanger represents and warrants to QI that it has consulted with and is relying on its own attorney or tax advisor regarding the requirements for a like-kind exchange under Section 1031, and the legal and tax consequences of the transactions contemplated by this Agreement. Each Exchanger further acknowledges that it has relied solely upon the specific advice and judgment of their own independent attorneys and/or tax advisors and that it has not relied upon any written materials provided to Exchangers by QI or by any of QI’s agents or employees or upon any conversations with or upon any general information about exchanges provided by QI or by its agents or employees. Each Exchanger shall be solely responsible for all of the legal and tax incidences of the transactions contemplated by this Agreement, including compliance with any temporal requirements hereunder or under Section 1031.
Legal or Tax Advice. Provide legal or tax advice on matters relating to the Plan, including advising on whether Plan investments will result in unrelated business taxable income.
Legal or Tax Advice. Holdings acknowledges that neither PHF nor any employee, officer, director, agent, principal or affiliate of PHF has given any legal or tax advice nor made representations regarding the legal or tax consequences of the LKE Program. Holdings further acknowledges that it has been advised to seek independent legal and tax advice regarding the LKE Program, regarding whether any Relinquished Property and Replacement Property are like-kind under Treasury Regulations Sections 1.1031(a)-2 and 1.1031(k)-1 and to have this Agreement reviewed and approved by independent counsel.
