Common use of Australian GST Group Clause in Contracts

Australian GST Group. If it is or becomes a member of an Australian GST Group, each Credit Party must (a) enter into and comply with the terms of the ITSA of which it is a party, (b) provide a copy of the ITSA to the Administrative Agent within five Business Days of request, (c) ensure that the ITSA is maintained in full force and effect while such Australian GST Group is in existence, (d) not amend or vary the ITSA in a manner that could reasonably be expected to be adverse in any material respect to the Lenders without the Administrative Agent’s prior written consent (it being understood and agreed that any such amendment that does not adversely affect in any material respect a Credit Party’s cash flows or financial condition or its present or prospective indirect tax liabilities or liabilities under the ITSA shall be deemed to be not adverse to the Lenders in any material respect), (d) not cease to be a party to, or replace or terminate the ITSA, without the Administrative Agent’s prior written consent, (e) ensure that the ITSA is in the approved form as determined by the Australian Commissioner of Taxation from time to time, (f) ensure that Contribution Amounts are determined on a reasonable basis, and (g) ensure that the representative member of such Australian GST Group provides a copy of the ITSA to the Australian Commissioner of Taxation within 14 days of request or within such other time required by the Australian Commissioner of Taxation.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)

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Australian GST Group. If it Holdings shall ensure that if any Loan Party is or becomes a member of an Australian GST Group, each Credit such Loan Party must shall (a) enter into and comply with the terms of the ITSA of which it is a party, (b) provide a copy of the ITSA to the Administrative Agent within five Business Days of request, (c) ensure that the ITSA is maintained in full force and effect while such the Australian GST Group is in existence, (d) not amend or vary the ITSA in a manner that could reasonably be expected to be adverse in any material respect to the Lenders without the Administrative Agent’s prior written consent (it being understood and agreed that any such amendment that does not adversely affect in any material respect a Credit Loan Party’s cash flows or financial condition or its present or prospective indirect tax liabilities or liabilities under the ITSA shall be deemed to be not adverse to the Lenders in any material respect), (d) not cease to be a party to, or replace or terminate the ITSA, without the Administrative Agent’s prior written consent, (e) ensure that the ITSA is in the approved form as determined by the Australian Commissioner of Taxation from time to time, (f) ensure that Contribution Amounts are determined on a reasonable basis, and (g) ensure that the representative member of such the Australian GST Group provides a copy of the ITSA to the Australian Commissioner of Taxation within 14 days of request or within such other time required by the Australian Commissioner of Taxation.

Appears in 2 contracts

Samples: Credit Agreement (Tronox LTD), Credit Agreement (Tronox LTD)

Australian GST Group. If it is or becomes a member of an Australian GST Group, each Credit Party must (a) enter into and comply with the terms of the ITSA of which it is a party, ; (b) provide a copy of the ITSA to the Administrative Agent within five (5) Business Days of request, ; (c) ensure that the ITSA is maintained in full force and effect while such Australian GST Group is in existence, ; (d) not amend or vary the ITSA in a manner that could would reasonably be expected to be adverse in any material respect to the Lenders without the Administrative Agent’s prior written consent (it being understood and agreed that any such amendment that does not adversely affect in any material respect a Credit Loan Party’s cash flows or financial condition or its present or prospective indirect tax liabilities or liabilities under the ITSA shall be deemed to be not adverse to the Lenders in any material respect), ; (d) not cease to be a party to, or replace or terminate the ITSA, without the Administrative Agent’s prior written consent, : (e) ensure that the ITSA is in the approved form as determined by the Australian Commissioner of Taxation from time to time, ; (f) ensure that Contribution Amounts are determined on a reasonable basis, ; and (g) ensure that the representative member of such Australian GST Group provides a copy of the ITSA to the Australian Commissioner of Taxation within 14 fourteen (14) days of request or within such other time required by the Australian Commissioner of Taxation.

Appears in 2 contracts

Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)

Australian GST Group. If it is or becomes a member of an Australian GST Group, each Credit Party must (a) enter into and comply with the terms of the ITSA of which it is a party, ; (b) provide a copy of the ITSA to the Administrative Agent within five (5) Business Days of request, ; (c) ensure that the ITSA is maintained in full force and effect while such Australian GST Group is in existence, ; (d) not amend or vary the ITSA in a manner that could reasonably be expected to be adverse in any material respect to the Lenders without the Administrative Agent’s prior written consent (it being understood and agreed that any such amendment that does not adversely affect in any material respect a Credit Loan Party’s cash flows or financial condition or its present or prospective indirect tax liabilities or liabilities under the ITSA shall be deemed to be not adverse to the Lenders in any material respect), ; (d) not cease to be a party to, or replace or terminate the ITSA, without the Administrative Agent’s prior written consent, : (e) ensure that the ITSA is in the approved form as determined by the Australian Commissioner of Taxation from time to time, ; (f) ensure that Contribution Amounts are determined on a reasonable basis, ; and (g) ensure that the representative member of such Australian GST Group provides a copy of the ITSA to the Australian Commissioner of Taxation within 14 fourteen (14) days of request or within such other time required by the Australian Commissioner of Taxation.. 160

Appears in 1 contract

Samples: Revolving Syndicated Facility Agreement (Tronox LTD)

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Australian GST Group. If it is or becomes a member of an Australian GST Group, each Credit Party must (a) enter into and comply with the terms of the ITSA of which it is a party, ; (b) provide a copy of the ITSA to the Administrative Agent within five (5) Business Days of request, ; (c) ensure that the ITSA is maintained in full force and effect while such Australian GST Group is in existence, ; (d) not amend or vary the ITSA in a manner that could reasonably be expected to be adverse in any material respect to the Lenders without the Administrative Agent’s prior written consent (it being understood and agreed that any such amendment that does not adversely affect in any material respect a Credit Loan Party’s cash flows or financial condition or its present or prospective indirect tax liabilities or liabilities under the ITSA shall be deemed to be not adverse to the Lenders in any material respect), ; (d) not cease to be a party to, or replace or terminate the ITSA, without the Administrative Agent’s prior written consent, : (e) ensure that the ITSA is in the approved form as determined by the Australian Commissioner of Taxation from time to time, ; (f) ensure that Contribution Amounts are determined on a reasonable basis, ; and (g) ensure that the representative member of such Australian GST Group provides a copy of the ITSA to the Australian Commissioner of Taxation within 14 fourteen (14) days of request or within such other time required by the Australian Commissioner of Taxation.

Appears in 1 contract

Samples: Revolving Syndicated Facility Agreement (Tronox LTD)

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