NON-DEDUCTIBLE REVENUE OUTGOINGS. The Company is not under any obligation to make any future payment which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Xxx 0000, by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 (capital).
NON-DEDUCTIBLE REVENUE OUTGOINGS. Without prejudice to PARAGRAPH 40 below, so far as the Vendor is aware, no Company has since the Accounts Date made a payment in excess of (pound)50,000 or is under any obligation to make any future payment in excess of (pound)50,000, which in either case will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for the purposes of corporation tax or the corresponding Tax on profits in a relevant foreign jurisdiction, either in computing the profits of the relevant Company or in computing corporation tax or the corresponding Tax chargeable on such Company.
NON-DEDUCTIBLE REVENUE OUTGOINGS. No Group Company is under any obligation to make any future payment of a revenue nature which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or (in the case of Group Companies subject to UK corporation tax) as a non-trading debit under Chapter II Part IV Finance Xxx 0000, by reason of any Tax legislation.
NON-DEDUCTIBLE REVENUE OUTGOINGS. As far as the AHL Europe is aware, all sums payable under any obligation incurred by ADI prior to Completion and which will continue to bind ADI after Completion have been and will continue to be deductible for corporation tax purposes, either in computing the profits of ADI as the case may be or in computing the corporation tax chargeable on ADI and such sums payable by ADI shall include, without limitation, all remuneration and other sums (including any payments made directly or indirectly in consideration or in consequence of, or otherwise in connection with, the termination of the holding of any office or employment) paid or payable and all benefits provided or agreed to be provided to employees or officers of ADI and all interest, rent, royalties, annuities and other annual payments paid or payable by ADI under any loan agreement, lease, contract, covenant or other commitment or arrangement.
NON-DEDUCTIBLE REVENUE OUTGOINGS. No member of the Group is under any obligation to make any future payment which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation Tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Xxx 0000, by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 (capital).
NON-DEDUCTIBLE REVENUE OUTGOINGS. So far as the Vendor is aware, the Company is not under any obligation to make any future payment which will be prevented (whether on the grounds of being a distribution, or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Axx 0000, by reason of any statutory provision, other than section 74(f) ICTA 1988 (capital)
NON-DEDUCTIBLE REVENUE OUTGOINGS. The Disclosure Documents set out details of all sums payable under any obligation incurred by the Company prior to Completion and which will continue to bind the Company after Completion which are not deductible in full for Taxation purposes, either in computing the profits of the Company or in computing the corporation tax chargeable on the Company and such sums payable by the Company shall include, without limitation, all remuneration and other sums (including any payments made directly or indirectly in consideration or in consequence of, or otherwise in connection with, the termination of the holding of any office or employment) paid or payable and all benefits provided or agreed to be provided to employees or officers of the Company and all interest, rent, royalties, annuities and other annual payments paid or payable by the Company under any loan agreement, lease, contract, covenant or other commitment or arrangement.
NON-DEDUCTIBLE REVENUE OUTGOINGS. All sums payable under any obligation incurred by the Company prior to Completion and which will continue to bind the Company after Completion have been and will continue to be deductible in full for tax purposes, either in computing the profits of the Company or in computing the tax chargeable on the Company and such sums payable by the Company shall include, without limitation, all remuneration and other sums (including any payments made directly or indirectly in consideration or in consequence of, or otherwise in connection with, the termination of the holding of any office or employment) paid or payable and all benefits provided or agreed to be provided to employees or officers of the Company and all interest, rent, royalties, annuities and other annual payments paid or payable by the Company under any loan agreement, lease, contract, covenant or other commitment or arrangement. Back to Contents
NON-DEDUCTIBLE REVENUE OUTGOINGS. No member of the Group is under any obligation to make any future payment outside the ordinary course of business which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax purposes, or any corresponding Tax in any relevant foreign jurisdiction.
NON-DEDUCTIBLE REVENUE OUTGOINGS. No member of the Group is under any obligation to make any future payment (i) which has been taken into account in preparing the Accounts and is of a type which is currently treated as a deductible revenue outgoing or (ii) of a revenue nature which has not been taken into account in preparing the Accounts, provided that in either (i) or (ii) the payment is in excess of L20,000, which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Xxx 0000, by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 (capital).
