Claims and elections Sample Clauses
The "Claims and elections" clause defines the procedures and rights related to making claims or choosing between different legal or contractual remedies. In practice, this clause outlines how a party must notify the other of a claim, the timeframe for doing so, and whether a party can pursue multiple remedies or must select one. Its core function is to provide clarity and structure to the process of asserting rights or remedies, thereby reducing disputes and ensuring that all parties understand their options and obligations when issues arise.
Claims and elections. The Disclosure Documents contain brief particulars of all claims and elections made (or assumed to be made) under sections 23, 152-162 or 165, 175, 247, 248 TCGA insofar as they could affect the chargeable gain or allowable loss which would arise in the event of a disposal by the Company of any of its assets and indicate which assets (if any) so affected would not on a disposal give rise to a relief under Schedule 4 TCGA.
Claims and elections. (a) The Disclosure Documents contain full particulars of all claims and elections made (or assumed to be made) under sections 23, 152-162 or ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇▇ insofar as they could affect the chargeable gain or allowable loss which would arise in the event of a disposal by any Group Company of any of its assets, and indicates which assets (if any) so affected would not on a disposal give rise to relief under Schedule 4, TCGA.
(b) The Disclosure Documents contain full particulars of elections made under
(i) Regulation 10 of The Exchange Gains and Losses (Alternative Method of Calculating of Gain or Loss) Regulations 1994 and whether or not such elections have been varied
(ii) Regulation 10 of the Local Currency Elections Regulations 1994 and such election is still valid.
Claims and elections. The Company has duly submitted all claims, disclaimers, elections, surrenders and applications which have been assumed to have been made for the purposes of the Accounts and all such claims, disclaimers, elections, surrenders and applications were and remain valid.
Claims and elections. The documents relating to Tax disclosed in the Disclosure Letter contain full particulars of all matters relating to Tax in respect of which the Company is or at Completion will be entitled:
(a) to make any claim (including a supplementary claim), disclaimer or election for relief under any taxation statute;
(b) to appeal against any assessment or determination relating to Tax;
(c) to apply for a postponement of Tax. PROVISION FOR AND PAYMENT OF TAX
Claims and elections. The Company has not made and is not subject to any claim or election under any or all of the following: -
Claims and elections. The Disclosure Letter contains full particulars of all claims and elections made (or assumed to be made) under any of the following provisions in respect of any asset held by a Group Company:
(a) section 23 TCGA (compensation and insurance monies);
(b) section 152 to 162 (inclusive) TCGA (replacement of business assets);
(c) section 165 of TCGA (gifts of business assets);
(d) section 175 TCGA (replacement of business assets by group member); and
(e) section 247 and 248 TCGA (compulsory acquisitions).
Claims and elections. The Company has not made nor is subject to any claim or election under any or all of the following:-
8.4.1 sections 2/9(1) to (6) of the TCGA (foreign assets: delayed remittances);
8.4.2 section 35 of the TCGA (capital gains rebasing to 31 March 1982);
8.4.3 section 24 of the TCGA (assets of negligible value or lost or destroyed);
8.4.4 sections 154 and 175 of the TCGA and sections 152 and 153 of the TCGA. (roll-over relief);
8.4.5 sections 242 of the ICTA (surplus franked investment income)
8.4.6 section 247 of the ICTA (group income)
8.4.7 sections 584, 585 or 723 of the ICTA (foreign income etc; delayed remittances);
8.4.8 section 75 of the FA 1986 (stamp duty on reconstructions etc.)
8.4.9 section 161 TCGA (appropriations to and from Stock).
Claims and elections. All claims, disclaimers, elections, appeals or applications which the Company has made in respect of Tax have been Disclosed.
Claims and elections. BY THE COMPANY The Company has made no claim under section:
Claims and elections. The Company has not made any claims under part 7 Schedule 29 Finance Act 2002 or any elections under paragraph 10 Schedule 29 Finance Act 2002 and has not brought into account any credits under paragraph 15 Schedule 29 Finance Act 2002.