Common use of Chargeable Debts Clause in Contracts

Chargeable Debts. No gain chargeable to corporation tax will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a security.

Appears in 3 contracts

Samples: Share Sale and Purchase Agreement (SGS International, Inc.), Share Sale and Purchase Agreement (SGS International, Inc.), Agreement for Sale of Shares (Macrovision Corp)

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Chargeable Debts. No gain gains chargeable to corporation tax on chargeable gains will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a securityCompany.

Appears in 3 contracts

Samples: Acquisition Agreement (European Micro Holdings Inc), Share Purchase Agreement (Aether Systems Inc), Share Purchase Agreement (Aether Systems LLC)

Chargeable Debts. No gain chargeable to corporation tax will accrue to any member of the Company Sale Group on the disposal of any debt owing to the Company such member not being a debt on a securitysecurity or on the disposal of any corporate bond not being a qualifying corporate bond.

Appears in 1 contract

Samples: Agreement for the Acquisition of the Share Capital (Tidewater Inc)

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Chargeable Debts. No gain gains chargeable to corporation tax on chargeable gains will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a securityit.

Appears in 1 contract

Samples: Acquisition Agreement (Leisure Travel Group Inc)

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