TAX AND STAMP DUTY Sample Clauses

TAX AND STAMP DUTY. The IDR Holders shall be solely responsible for paying any income tax, capital gains tax, withholding tax or any other similar duty or tax charged or chargeable or determined/ held as chargeable, levied or leviable or determined/ held as leviable, in India, United Kingdom or elsewhere in connection with the deposit of IDRs for redemption, allotment of Shares on the LSE and/ or receipt of cash for the Shares underlying the IDRs sold on the LSE, under the Termination Process. IDR Holders shall consult their own tax counsel and advisors under Indian and other applicable laws before applying under the Termination Process. Sr. No. Particulars Information PLEASE NOTE THAT THE IDR HOLDERS NEED NOT PAY ANY STAMP DUTY ON THE WITHDRAWAL ORDERS SUBMITTED BY THEM (irrespective of the option selected), since the Withdrawal Order does not provide for an indemnity from the IDR Holder to the Company and others.
Sample 1
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TAX AND STAMP DUTY. SETAC has: (1) furnished full and accurate tax and stamp duty returns as required by law for all financial years ended on or prior to the Closing Date; (2) not had levied or charged against it any amount by way of penalty or otherwise in respect of the period prior to the Closing Date which is not provided for in the Company Financial Statements; (3) deducted amounts required by law to be deducted by SETAC from payments by SETAC to employees and other persons (including independent contractors), and has paid those amounts to the appropriate authority; and made and will make a full and true disclosure of all information it is obliged to disclose to all taxing authorities, agents, departments and the Buyer. All taxes and stamp duties payable by SETAC where due for payment have been paid by the due date for payment. No change has occurred in the business operations of SETAC which would prevent any loss calculated under the Australian Tax Act (as defined below) being carried forward and deducted from assessable income derived in a following year. All documents in the enforcement of which SETAC may be
Sample 1
TAX AND STAMP DUTY. (a) All documents (other than those which have ceased to have any legal effect) which ISSUK may wish to enforce or to which ISSUK is a party and which are necessary to establish the title of ISSUK to any of the UK Acquired Assets and which attract stamp duty in the UK or elsewhere have been duly stamped or adjudicated not liable to stamp duty and no such documents which are outside the UK would attract stamp duty if they were brought into the UK.
Sample 1
TAX AND STAMP DUTY. The Sublessee shall be responsible for the payment of any and all the taxes, stamp duties and other applicable charges and fees arising under Applicable Laws in connection with the execution and performance of this Agreement. The Sublessee may carry out all formalities, procedures and other requirements under Applicable Laws relevant to the registration of this Agreement and/or the sublease of the Subject Lot as may be required for the validity, enforceability or legality of this Agreement. The Sublessee shall forthwith upon signing of this Agreement by KMIC and the Sublessee, promptly and expeditiously take all necessary steps to apply for exemption/remission of the tax, stamp duties and other applicable charges and fees payable in Myanmar on this Agreement in accordance with Applicable Laws. If the Sublessee does not or fails to secure exemption/remission of such tax, stamp duties and other applicable charges and fees payable as aforesaid, any tax, stamp duties and other applicable charges and fees payable on this Agreement (including any penalty for late payment) shall be solely borne by the Sublessee.
Sample 1

Related to TAX AND STAMP DUTY

  • COSTS AND STAMP DUTY 16.1 Each party shall bear its own costs and expenses (including legal fees) incurred in connection with the preparation, negotiation, execution and performance of this Agreement and all documents incidental or relating to Completion.

  • Stamp Duty 34. The State shall exempt the following instruments from any stamp duty which, but for the operation of this clause, would or might be assessed as chargeable on them:

  • STAMP DUTIES As at the date of this Agreement, no stamp or registration duty or similar Tax or charge is payable in its jurisdiction of incorporation in respect of any Finance Document.

  • Changes in Tax, Debt, Credit and Documentary Stamp Laws (a) If any law is enacted or adopted or amended after the date of this Agreement which deducts the Debt from the value of the Property for the purpose of taxation and which imposes a tax, either directly or indirectly, on the Debt or Lender’s interest in the Property, Borrower will pay the tax, with interest and penalties thereon, if any. If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury then Lender shall have the option by written notice of not less than ninety (90) days to declare the Debt immediately due and payable.

  • Federal Tax Treatment Notwithstanding anything to the contrary contained in this Agreement or any document delivered herewith, all persons may disclose to any and all persons, without limitation of any kind, the federal income tax treatment of the Notes, any fact relevant to understanding the federal tax treatment of the Notes, and all materials of any kind (including opinions or other tax analyses) relating to such federal tax treatment.

  • Compliance with Laws and Maintenance of Permits Borrower has obtained all governmental consents, franchises, certificates, licenses, authorizations, approvals and permits, the lack of which would have a Material Adverse Effect on Borrower. Borrower is in compliance in all material respects with all applicable federal, state, local and foreign statutes, orders, regulations, rules and ordinances (including, without limitation, Environmental Laws and statutes, orders, regulations, rules and ordinances relating to taxes, employer and employee contributions and similar items, securities, ERISA or employee health and safety) the failure to comply with which would have a Material Adverse Effect on Borrower.

  • Documentation Required by FATCA If a payment made to a Credit Party under any Transaction Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Credit Party were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Credit Party shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by Applicable Law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Credit Party has complied with such Affected Person’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (g), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

  • Income Tax Characterization For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer will, and each Noteholder by such Noteholder’s acceptance of any such Notes (and each Person who acquires an interest in any Notes through such Noteholder, by the acceptance by such Person of an interest in the applicable Notes) agrees to, treat the Notes that are characterized as indebtedness at the time of their issuance, and hereby instructs the Issuer to treat such Notes, as indebtedness for federal, state and other tax reporting purposes. Each Noteholder agrees that it will cause any Person acquiring an interest in a Note through it to comply with this Indenture as to treatment as indebtedness under applicable tax law, as described in this Section 3.21. The Notes will be issued with the intention that, for federal, state and local income and franchise tax purposes the Trust shall not be treated as an association or publicly traded partnership taxable as a corporation. The parties hereto agree that they shall not cause or permit the making, as applicable, of any election under Treasury Regulation Section 301.7701-3 (or any successor provision) whereby the Trust or any portion thereof would be treated as a corporation for federal income tax purposes. The provisions of this Indenture shall be construed in furtherance of the foregoing intended tax treatment.

  • Status of Lenders; Tax Documentation (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

  • Maintenance of Permits Seller shall maintain in existence all licenses, permits and approvals, if any, in its name necessary or reasonably appropriate to the ownership, operation or improvement of the Property.

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