Common use of Group Relief Clause in Contracts

Group Relief. Except as provided in the Accounts, the Company is not or will not be obliged to make or be entitled to receive any payment for group relief as defined in section 402(6) of ICTA 1988 in respect of any period ending on or before the Accounts Date, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 2 contracts

Samples: Share Purchase Agreement (Katy Industries Inc), Share Purchase Agreement (Futuremedia PLC)

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Group Relief. 12.1 Except as provided in the Accounts, the Company is not or and will not be obliged to make or be entitled to receive any payment for group relief as defined in section 402(6) of ICTA 1988 in respect of any period ending on or before the Accounts Date, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 1 contract

Samples: Share Purchase Agreement (TRM Corp)

Group Relief. 5.1 Except as provided in the Accounts, the Company is not or not, nor will not be be, obliged to make or nor be entitled to receive any payment for in pursuance of an agreement as respects amounts surrendered by way of group relief as defined in section 402(6) of ICTA 1988 to or by the Company in respect of any period ending on or before the Accounts Datecompletion, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Misonix Inc)

Group Relief. Except as provided in the Accounts, neither the Company nor any Subsidiary is not or will not be obliged to make or be entitled to receive any payment for group relief as defined in section 402(6) of ICTA 1988 in respect of any period ending on or before the Accounts Date, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Micrus Endovascular Corp)

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Group Relief. 7.1 Except as provided in the Accounts, neither the Company nor any Subsidiary is not or will not be obliged to make or be entitled to receive any payment for group relief as defined in section 402(6) of ICTA 1988 in respect of any period ending on or before the Accounts Date, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Symmetry Medical Inc.)

Group Relief. Except as provided in the Accounts, neither the Company nor its Subsidiary is not or will not be obliged to make or be entitled to receive any payment for group relief as defined in section 402(6) of ICTA 1988 in respect of any period ending on or before the Accounts Date, or any payment for the surrender of the benefit of an amount of advance corporation tax or any repayment of such a payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Emrise CORP)

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