Degrouping charges Clause Samples

The degrouping charges clause establishes the financial obligations that arise when a company leaves a corporate group, typically in the context of tax or accounting regulations. In practice, this clause specifies that if an asset was transferred between group companies without triggering a tax charge due to group relief, a tax liability may arise if the transferee company exits the group within a certain period. The core function of this clause is to ensure that deferred tax charges are properly accounted for when group structures change, preventing companies from avoiding tax liabilities through intra-group transfers followed by degrouping.
Degrouping charges. Neither the signing of this Agreement nor the sale of the Shares to the Buyer nor any other event since the Accounts Date will result in any profit or gain being deemed to accrue to the Company for Tax purposes, whether pursuant to section 179 TCGA, section 780 CTA 2009 (Degrouping) or otherwise and the Company does not own any asset in respect of which any such liability may arise in the future.
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Degrouping charges. The implementation of the transactions contemplated by this Agreement will not give rise to any degrouping charges for U.K. Tax purposes.
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Degrouping charges. No Event has occurred since the Accounts Date and no Event will occur before or on Completion which will result in any profit or gain being deemed to accrue to a Group Company for Tax purposes under section 179 TCGA 1992 or section 780 CTA 2009.
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Degrouping charges. Neither the execution nor performance of, nor any action taken in pursuance of this agreement, nor the satisfaction of any condition to which this agreement is subject, nor any other event, transaction, act or omission since the Last Balance Date, will result in: (a) Taxable income, profits or gains arising as a result of any asset of a Brand Company being deemed to have been disposed of and reacquired, whether under section 179 of the Taxation of Chargeable Gains ▇▇▇ ▇▇▇▇ or sections 780 or 785 of the Corporation Tax ▇▇▇ ▇▇▇▇; or (b) any other degrouping liability arising under any provision relating to Tax.
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Degrouping charges. No transactions have taken place between any member of the Target Group and any other person which will give rise to a charge to Tax which is primarily chargeable against a Target Company as a result of the execution of this agreement (including but not limited to Completion).
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Degrouping charges. The Company has not during any accounting period ending on or within the six years before Closing been involved in any transaction which could lead to an assessment or charge to corporation tax under section 179 TCGA or paragraphs 58 or 60 of Schedule 29 FA 2002, including as a result of the execution of the Main Agreement or Closing.
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Degrouping charges. The entry into or becoming unconditional of this Agreement or Completion will not result in any profit or gain being deemed to accrue to any Group Company for Taxation purposes.
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Degrouping charges. Neither the execution or performance of this Agreement or of any of the transactions contemplated herein nor signing this Agreement or Completion will result in any Tax liability on the Group.
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Related to Degrouping charges

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  • Check-writing Charge The Transfer Agent may receive any fees reasonably related to the cost incurred by the Transfer Agent to administer and collect the check-writing charge applicable to a shareholder’s Account in an all-inclusive fee fund. The Transfer Agent may also receive any fees reasonably related to the cost to the Transfer Agent of completing stop payment orders with respect to checks written on a shareholder’s Account in an all-inclusive fee fund.

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  • Non-Recurring Charges 1.9.1 Where rates consist of usage sensitive charges or per occurrence charges, such rates are classified as “non- recurring charges”. 1.9.2 Consistent with FCC Rule 51.307(d), there may be non-recurring charges for each 251(c)(3)