Common use of Quantification Clause in Contracts

Quantification. For the purposes of paragraph 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 will be determined as follows: 3.1 the amount of a Liability to Taxation falling within paragraph (a) of the definition of that expression in paragraph 1.1 will be the amount of the actual payment of Taxation which the Company is liable to make; 3.2 the amount of a Liability to Taxation falling within paragraph (b) of the definition of that expression in paragraph 1.1 will be the amount of Taxation saved by the Company as a result of the use of the Purchaser’s Relief; and 3.3 the amount of a Liability to Taxation falling within paragraph (c) of the definition of that expression in paragraph 1.1 will be: 3.3.1 the amount of Taxation which would have been saved by the Company but for the loss of the Purchaser’s Relief on the basis of the rates of Taxation current at the date of the loss, assuming for this purpose that the Company had sufficient profits or was otherwise in a position actually to use the Purchaser’s Relief; or 3.3.2 if the Purchaser’s Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; and

Appears in 2 contracts

Samples: Share Purchase Agreement (Via Net Works Inc), Sale and Purchase Agreement (Via Net Works Inc)

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Quantification. For the purposes of paragraph 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 2.7 will be determined as followsfollows :- 3.1 the amount of a Liability to Taxation falling within paragraph (a) of the definition of that expression in paragraph 1.1 will be the amount of the actual payment of Taxation which the Company is liable to make; 3.2 the amount of a Liability to Taxation falling within paragraph (b) of the definition of that expression in paragraph 1.1 will be the amount of Taxation saved by the Company as a result of the use of the Purchaser’s 's Relief; , and 3.3 the amount of a Liability to Taxation falling within paragraph (c) of the definition of that expression in paragraph 1.1 will bebe :- 3.3.1 the amount of Taxation which would have been saved by the Company but for the loss of the Purchaser’s 's Relief on the basis of the rates of Taxation current at the date of the loss, assuming for this purpose that the Company had sufficient profits or was otherwise in a position actually to use the Purchaser’s 's Relief; , or 3.3.2 if the Purchaser’s 's Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; , and 3.4 the amount of a liability of the Company to make a payment in respect of Taxation will be the amount of the payment in respect of Taxation which the Company is liable to make

Appears in 1 contract

Samples: Share Purchase Agreement (Vizacom Inc)

Quantification. For the purposes of paragraph 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 will be determined as follows: 3.1 the amount of a Liability to Taxation falling within paragraph (a) of the definition of that expression in paragraph 1.1 will be the amount of the actual payment of Taxation which the Company is liable to make; 3.2 the amount of a Liability to Taxation falling within paragraph (b) of the definition of that expression in paragraph 1.1 will be the amount of Taxation saved by the Company as a result of the use of the Purchaser’s 's Relief; and 3.3 the amount of a Liability to Taxation falling within paragraph (c) of the definition of that expression in paragraph 1.1 will be: 3.3.1 the amount of Taxation which would have been saved by the Company but for the loss of the Purchaser’s 's Relief on the basis of the rates of Taxation current at the date of the loss, assuming for this purpose that the Company had sufficient profits or was otherwise in a position actually to use the Purchaser’s 's Relief; or 3.3.2 if the Purchaser’s 's Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; and 3.4 the amount of a liability of the Company to make a payment in respect of Taxation will be the amount of the payment in respect of Taxation which the Company is liable to make.

Appears in 1 contract

Samples: Sale and Purchase Agreement (P Com Inc)

Quantification. For the purposes of paragraph 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 will be determined as follows: 3.1 the amount of a Liability to Taxation falling within paragraph (a) of the definition of that expression in paragraph 1.1 will be the amount of the actual payment of Taxation which the Company relevant Group Member is liable to make; 3.2 the amount of a Liability to Taxation falling within paragraph (b) of the definition of that expression in paragraph 1.1 will be the amount of Taxation saved by the Company relevant Group Member as a result of the use of the Purchaser’s Future Relief or Accounts Relief; and 3.3 the amount of a Liability to Taxation falling within paragraph (c) of the definition of that expression in paragraph 1.1 will be: 3.3.1 the amount of Taxation which would have been saved by the Company relevant Group Member but for the loss of the Purchaser’s Accounts Relief on the basis of the rates of Taxation current at the date of the loss, Completion assuming for this purpose that the Company Group Member had sufficient profits or was otherwise in a position actually to use the Purchaser’s Accounts Relief; or 3.3.2 if the Purchaser’s Accounts Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; and.

Appears in 1 contract

Samples: Purchase Agreement (Day International Group Inc)

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Quantification. For the purposes of paragraph PARAGRAPH 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 will be determined as follows: 3.1 48.1 the amount of a Liability to Taxation falling within paragraph PARAGRAPH (a) of the definition of that expression in paragraph PARAGRAPH 1.1 will be the amount of the actual payment of Taxation which the Company is liable to make; 3.2 48.2 the amount of a Liability to Taxation falling within paragraph PARAGRAPH (b) of the definition of that expression in paragraph PARAGRAPH 1.1 will be the amount of Taxation saved by the Company as a result of the use of the Purchaser’s Future Relief; and 3.3 48.3 the amount of a Liability to Taxation falling within paragraph PARAGRAPH (c) of the definition of that expression in paragraph PARAGRAPH 1.1 will be: 3.3.1 48.3.1 the amount of Taxation which would have been saved by the Company but for the loss of the Purchaser’s Accounts Relief on the basis of the rates of Taxation current at the date of the loss, assuming for this purpose that the Company had sufficient profits or was otherwise in a position actually to use the Purchaser’s Accounts Relief; or 3.3.2 48.3.2 if the Purchaser’s Accounts Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; and.

Appears in 1 contract

Samples: Share Purchase Agreement (Cash America International Inc)

Quantification. For the purposes of paragraph CLAUSE 2 the amount of a Liability to Taxation or a liability of the kind mentioned in paragraph 2.6 will be determined as follows: 3.1 the amount of a Liability to Taxation falling within paragraph (a) of the definition of that expression in paragraph CLAUSE 1.1 will be the amount of the actual payment of Taxation or amount in respect of Taxation which the Company is liable to make; 3.2 the amount of a Liability to Taxation falling within paragraph (b) of the definition of that expression in paragraph CLAUSE 1.1 will be the amount of Taxation saved by the Company as a result of the use of the Purchaser’s 's Relief; and 3.3 the amount of a Liability to Taxation falling within paragraph (c) of the definition of that expression in paragraph CLAUSE 1.1 will be: 3.3.1 the amount of Taxation which would have been saved by the Company but for the loss of the Purchaser’s 's Relief on the basis of the rates of Taxation current at the date of the loss, assuming for this purpose that the Company then had sufficient profits or was otherwise in a position actually to use the Purchaser’s 's Relief; or 3.3.2 if the Purchaser’s 's Relief lost was a right to a repayment of Taxation, the amount of the repayment of Taxation so lost; and.

Appears in 1 contract

Samples: Share Purchase Agreement (Transworld Healthcare Inc)

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