Common use of Loan Relationships Clause in Contracts

Loan Relationships. All interests, discounts and premiums payable by the Company in respect of its loan relationships (within the meaning of section 81, FA 1996) are eligible to be brought into account by the Company as a debit for the purposes of Chapter II of Part IV, FA 1996 at the time and to the extent that such debits are recognised in the statutory accounts of the Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Arthrocare Corp)

AutoNDA by SimpleDocs

Loan Relationships. All interests, discounts and premiums payable by the Company in respect of its loan relationships (within the meaning of section 81, FA 81 of the Finance Act 1996) are eligible to be brought into account by the Company as a debit for the purposes of Chapter II of Part IV, FA 1996 IV of the Finance Axx 0000 at the time and to the extent that such debits are recognised in the statutory accounts of the Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Micrus Endovascular Corp)

Loan Relationships. All interests, discounts and premiums payable by the Company in respect of its loan relationships (within the meaning of section 81, FA 81 of the Finance Act 1996) are eligible to be brought into account by the Company as a debit for the purposes of Chapter II of Part IV, FA 1996 IV of the Finance Axx 0000 at the time and to the extent that such debits are recognised in the statutory accounts of the CompanyCompany in the six years ending on the Accounts Date.

Appears in 1 contract

Samples: Share Purchase Agreement (Futuremedia PLC)

AutoNDA by SimpleDocs

Loan Relationships. All interests, discounts and premiums payable by the Company in respect of its loan relationships (within the meaning of section 81, FA 81 of the Finance Act 1996) are eligible to be brought into account by the Company as a debit for the purposes of Chapter II of Part IV, FA 1996 IV of the Finance Xxx 0000 at the time and to the extent that such debits are recognised in the statutory accounts of the Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Coda Octopus Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!