New Tax Clause Samples
POPULAR SAMPLE Copied 1 times
New Tax exempt Debt - At the timely request of any actual or potential Transmission Requester, any actual or potential Transmission Provider who plans to finance new electric transmission or interconnection facilities with proceeds of tax-exempt debt shall undertake all reasonable specific actions requested by an actual or potential Transmission Requester to minimize: (i) any restrictions on the Transmission Requester's access to such facilities caused by the tax-exempt debt, and (ii) any increase in the price of interconnection or transmission service resulting from the refinancing, reconfiguring, or other restructuring of such tax-exempt debt in order to provide service to the Transmission Requester. Actual or potential Transmission Providers shall not be obligated to incur any cost in undertaking such actions unless all associated costs are paid by actual or potential Transmission Requesters.
New Tax. As defined in Section 4.4.
New Tax. If any New Tax is imposed for which Buyer or Seller is responsible, (i) if such New Tax can be passed by Buyer to another person or entity, Buyer shall pay. cause to be paid or reimburse the Seller for such New Tax; (ii) if (i) does not apply, the Party affected by the New Tax ("New Tax Affected Party") may require the other Party to enter into good faith negotiations to apportion liability for the New Tax equitably between the Parties. If, after fifteen Business Days the Parties are not able to resolve the issue, the New Tax Affected Party may terminate such "New Tax Affected Transaction", upon thirty days written notice. Unless otherwise agreed, the New Tax Affected Transaction shall be liquidated as though the New Tax Affected Party has defaulted on the New Tax Affected Transaction without taking into effect the impact of the New Tax.