Common use of Secondary Liability Clause in Contracts

Secondary Liability. No transaction or event has occurred in consequence of which the Company is or may be held liable for any Tax or deprived of relief or allowances otherwise available to it in consequence of any Tax or may otherwise be held liable for or to indemnify any person in respect of any Tax, where some other company or person is or may become primarily liable for the Tax in question (whether by reason of any such other company being or having been a member of the same group of companies or otherwise). CORPORATION TAX

Appears in 3 contracts

Samples: Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/), Share Purchase Agreement (Galen Holdings PLC), Share Purchase Agreement (Big Flower Press Holdings Inc)

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Secondary Liability. 8.15.1 No transaction or event Event has occurred in consequence of which the Company is or may be held liable for any Tax Taxation or deprived of relief reliefs or allowances otherwise available to it in consequence of any Tax or may be otherwise be held liable for or to indemnify any person in respect of any Tax, where Taxation for which some other company or person is or may become was primarily liable for the Tax in question (whether by reason of any such other company being or having been a member of the same group of companies or otherwise). CORPORATION TAX.

Appears in 1 contract

Samples: Share Acquisition Agreement (Pharmacopeia Inc)

Secondary Liability. No transaction or event has occurred in consequence of which the any Company is or may be held liable for to pay or bear a liability to any Tax or deprived of relief or allowances otherwise available to it in consequence of including any Tax or may otherwise be held liable for or liability to indemnify any person in respect of any Tax, where such Tax is directly or primarily chargeable against or attributable to some other company or person is or may become primarily liable for the Tax in question (whether by reason of any such other company being or having been a member of the same a group of companies or otherwise). CORPORATION TAX.

Appears in 1 contract

Samples: Share Purchase Agreement (Stewart & Stevenson Services Inc)

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Secondary Liability. No transaction or event has occurred in consequence of which the Company is or may be held liable for any Tax tax or deprived of relief or allowances otherwise available to it in consequence of any Tax tax or may otherwise be held liable for or to indemnify any person in respect of any Taxtax, where some other company or person is or may become primarily liable for the Tax tax in question (whether by reason of any such other company being or having been a member of the same group of companies or otherwise). CORPORATION TAX.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Transworld Healthcare Inc)

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