112 definition

112. Tax" means any federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Section 59A of the Code), customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not. The term "Tax" also includes any amounts payable pursuant to any tax sharing agreement to which any relevant entity is liable as a successor or pursuant to contract.

112. Provision for Taxes" shall mean an amount equal to all taxes imposed on or measured by net income, whether Federal, State, Provincial, county or local, and whether foreign or domestic, that are paid or payable by any Person in respect of any period in accordance with GAAP.

112. Sanofi Patent Rights" shall mean those Patent Rights which, (a) at the Effective Date or at any time thereafter during the Term, are owned by, licensed to or otherwise held by Sanofi or any of its Affiliates (other than Regeneron Patent Rights and Patent Rights included in Joint Inventions), with the right to license or sublicense the same, and (b) include at least one Valid Claim which would be infringed by the Development, Manufacture or Commercialization of a Licensed Product in the Field, but only to such extent.

More Definitions of 112

112. Ratable Portion" will mean, with respect to any Lender, a fraction (expressed as a percentage), the numerator of which will be the amount of such Lender's Revolving Commitment and the denominator of which will be the aggregate amount of all of the Lenders' Revolving Commitments, as the case may be; PROVIDED, HOWEVER, that as to any Lender that fails or refuses to make its Ratable Portion of any Advance (or to pay any required participation payment relative to any Letter of Credit or Standby Letter of Credit), such Lender's Ratable Portion of payments distributable to Lenders shall be adjusted accordingly.

112. SIGNAL TRANSFER POINT" (STP) performs a packet switching function that routes signaling messages among Service Switching Points (SSP), Service Control Points (SCP), Signaling Points (SP), and other STPs in order to set up calls and to query databases for Advanced Services.

112. Real Property" shall mean all now owned and hereafter acquired real property of each Borrower and Guarantor, including leasehold interests, together with all buildings, structures, and other improvements located thereon and all licenses, easements and appurtenances relating thereto, wherever located, including the real property and related assets more particularly described in the Mortgages.

112. Indemnitee" means either a Seller Indemnitee or a Buyer Indemnitee.

112. THE DISNEYLAND RESORT SPECIFIC PLAN AREA" shall have the meaning set forth in Section 1.67 of the Development Agreement.

112. “Statutory Auditors” means a reputable firm of chartered accountants acting as the statutory auditors of the Service Provider under the provisions of the Companies Act, 2013 including any statutory modification or re – enactment thereof, for the time being in force, and appointed in accordance with Article 18.2.1;