Common use of Group Relief Clause in Contracts

Group Relief. 8.1 Except as provided in the Accounts, neither the Company nor any Subsidiary is, or will be, obliged to make or be entitled to receive any payment in pursuance of an agreement as respects amounts surrendered by way of group relief as defined in section 183 of CTA 2010 to or by the Company or any Subsidiary in respect of any period ending on or before Completion, 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, Share Purchase Agreement (RigNet, Inc.)

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Group Relief. 8.1 Except as provided in the AccountsAudited Financial Statements, neither the Company nor any Subsidiary is, or will be, obliged to make or be entitled to receive any payment in pursuance of an agreement as respects amounts surrendered by way of group relief as defined in section 183 of CTA 2010 to or by the Company or any Subsidiary in respect of any period ending on or before CompletionClosing, 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 (Purpose Financial Holdings, Inc.), Share Purchase Agreement (Purpose Financial Holdings, Inc.)

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