No Responsibility for Tax Returns Clause Samples

The "No Responsibility for Tax Returns" clause establishes that one party is not liable for preparing, filing, or ensuring the accuracy of the other party’s tax returns. In practice, this means that each party remains solely responsible for their own tax obligations, and cannot hold the other party accountable for any errors, omissions, or penalties related to their tax filings. This clause is commonly used to prevent disputes or misunderstandings regarding tax compliance, clearly allocating responsibility and reducing the risk of liability for tax-related issues.
No Responsibility for Tax Returns. Notwithstanding anything herein to the contrary, while ▇.▇. ▇▇▇▇▇▇ shall provide the Customer with information regarding taxable events in the United States in relation to the Customer and/or the Funds, ▇.▇. ▇▇▇▇▇▇ is not responsible for preparing or filing any tax reports or returns on behalf of the Shareholders or the Funds except as expressly set forth in this Agreement.
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No Responsibility for Tax Returns. While J.▇. ▇▇▇▇▇▇ may provide the Customer with information regarding taxable events in the United States in relation to the Customer, J.▇. ▇▇▇▇▇▇ is not responsible for preparing or filing any tax reports or returns on behalf of the Customer, the Investment Adviser, or the Shareholders.
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No Responsibility for Tax Returns. Notwithstanding anything herein to the contrary, while __________ shall provide the Trust with information regarding taxable events in the United States in relation to the Trust and/or the Funds, __________ is not responsible for preparing or filing any tax reports or returns on behalf of the Shareholders or the Funds except as expressly set forth in this Agreement.
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No Responsibility for Tax Returns. Notwithstanding anything herein to the contrary, while ▇.▇. ▇▇▇▇▇▇ shall provide the Customer with information regarding taxable events in the United States in relation to the Customer and/or the Funds, ▇.▇. ▇▇▇▇▇▇ is not responsible for ETF Fund Servicing Agreement preparing or filing any tax reports or returns on behalf of the Shareholders or the Funds except as expressly set forth in this Agreement (including Schedule 2 of this Agreement, pursuant to which ▇.▇. ▇▇▇▇▇▇ agrees to provide certain tax services).
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No Responsibility for Tax Returns. Notwithstanding anything herein to the contrary, while the Administrative Agent shall provide the Trust with information regarding taxable events in the United States in relation to the Trust, the Administrative Agent shall not be responsible for preparing or filing any tax reports or returns on behalf of the Trust or the Shareholders, except as expressly set forth in this Agreement.
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No Responsibility for Tax Returns. ▇.▇. ▇▇▇▇▇▇ is not responsible for filing any tax reports or returns on behalf of the Customer. The tax services provided by ▇.▇. ▇▇▇▇▇▇ shall be limited to those tax services expressly listed in Schedule 1 (Scope of Services) (“Tax Services”). ▇.▇. ▇▇▇▇▇▇ is authorized to provide some or all of the Tax Services through use of a third-party vendor and Customer agrees that any claims in connection with the Tax Services shall be asserted against ▇.▇. ▇▇▇▇▇▇ (subject to the terms of this Agreement) and not the third-party vendor. Customer hereby waives its right to assert a claim or commence proceedings against ▇.▇. ▇▇▇▇▇▇’▇ tax service provider in connection with the Tax Services and acknowledges that ▇.▇. ▇▇▇▇▇▇’▇ tax service provider accepts no responsibility or liability to Customer in connection with the Tax Services.
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No Responsibility for Tax Returns. While ▇.▇. ▇▇▇▇▇▇ may provide the Customer with information regarding taxable events in the United States in relation to the Customer, ▇.▇. ▇▇▇▇▇▇ is not responsible for preparing or filing any tax reports or returns on behalf of the Customer. The tax services provided by ▇.▇. ▇▇▇▇▇▇ shall be limited to those tax services expressly set forth in Schedule 1 (Scope of Services) (“Tax Services”). ▇.▇. ▇▇▇▇▇▇ is authorized to use of a third-party vendor to provide some or all of the Tax Services (“tax services provider”) and Customer agrees that any claims in connection with the Tax Services shall be asserted against ▇.▇. ▇▇▇▇▇▇ (subject to the terms of this Agreement) and not the tax services provider. Customer hereby waives its right to assert a claim or commence proceedings against ▇.▇. ▇▇▇▇▇▇’▇ tax service provider in connection with the Tax Services and acknowledges that ▇.▇. ▇▇▇▇▇▇’▇ tax service provider accepts no responsibility or liability to Customer in connection with the Tax Services.
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No Responsibility for Tax Returns. ▇.▇. ▇▇▇▇▇▇ is not responsible for filing any tax reports or returns on behalf of the Customer. The tax services provided by ▇.▇. ▇▇▇▇▇▇ shall be limited to those tax services expressly listed in Schedule 1 (Scope of Services) (“Tax Services”). ▇.▇. ▇▇▇▇▇▇ is authorized to provide some or all of the Tax Services through use of a third-party vendor and Customer agrees that any claims in connection with the Tax Services shall be asserted against ▇.▇. ▇▇▇▇▇▇ (subject to the terms of this Agreement) and not the third- party vendor. Customer hereby waives its right to assert a claim or commence proceedings against ▇.▇. ▇▇▇▇▇▇’▇ tax service provider in connection with the Tax Services and acknowledges that ▇.▇. ▇▇▇▇▇▇’▇ tax service provider accepts no responsibility or liability to Customer in connection with the Tax Services. (a) ▇.▇. ▇▇▇▇▇▇ shall maintain, and shall procure that its subcontractors, delegates and agents maintain, such records and documents as are required by Applicable Law applicable to ▇.▇. ▇▇▇▇▇▇ and such subcontractors, delegates and agents in the provision of the Services. ▇.▇. ▇▇▇▇▇▇ is authorized to maintain such records and documents on magnetic tape or disc, or on any other mechanical or electronic system; provided that they are capable of being reproduced in legible form in accordance with Applicable Laws applicable to ▇.▇. ▇▇▇▇▇▇ as a service provider under this Agreement. (b) ▇.▇. ▇▇▇▇▇▇ will, upon reasonable written notice, allow the Customer and the Investment Adviser (and/or the Customer’s auditors and independent public accountants if required for their examination of books and records pertaining to the Customer's affairs) reasonable access to the records of ▇.▇. ▇▇▇▇▇▇ relating to the Customer. (c) The Customer shall reimburse ▇.▇. ▇▇▇▇▇▇ for the reasonable cost of copying, collating and researching archived information.
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Related to No Responsibility for Tax Returns

  • Responsibility for Taxes (a) Regardless of any action the Company or the Employer takes with respect to any or all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related Items”), the Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including, but not limited to, the grant, vesting or settlement of the Restricted Stock Units, the issuance of Shares upon settlement of the Restricted Stock Units, the subsequent sale of Shares acquired pursuant to such issuance and the receipt of any dividends and/or any dividend equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the Award or any aspect of the Restricted Stock Units to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to Tax-Related Items in more than one jurisdiction between the date of grant and the date of any relevant taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. (b) Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (i) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization); or (iii) withholding in Shares to be issued upon vesting of the Restricted Stock Units, provided, however, that if the Participant is a Section 16 officer of the Company under the Exchange Act, then the Company will withhold in Shares upon the relevant taxable or tax withholding event, as applicable, unless the use of such withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, the obligation for Tax-Related Items may be satisfied by one or a combination of methods (i) and (ii) hereof. Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Participant will receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent in Shares. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the Plan. (c) Finally, the Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if the Participant fails to comply with the Participant’s obligations in connection with the Tax-Related Items.