Adverse Tax Consequence definition

Adverse Tax Consequence means any of the circumstances described in clauses (i), (ii) and (iii) of the definition of "Tax Event" herein.

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Adverse Tax Consequence shall have the meaning set forth in the definition of Tax Event.

Adverse Tax Consequence means, for the Parent, the Borrower or any Restricted Subsidiary, a tax assessment, fee or charge in an amount equal to or in excess of $25,000.00.

Examples of Adverse Tax Consequence in a sentence

Under this Section 23(d), the UPREIT and Royale are only obligated to cooperate with the Spokesperson on behalf of any Contributor (or any partner, shareholder or member of any Contributor) who may be facing an Adverse Tax Consequence, in connection with such Contributor's determination of the efficacy of tax-deferral or tax-mitigation alternatives proposed by or through the Spokesperson that may involve Royale or the UPREIT.
If the distribution is determined to be taxable as a dividend, that treatment of the dividend shall be deemed an Adverse Tax Consequence, and the Shareholders shall be paid the Liability at the then prevailing tax rate , which is presently Fifteen (15%) Percent.
If the distribution of the Spin-Off shares causes a reduction in the cost basis of the SSFS shares, then that reduction in cost basis shall be deemed an Adverse Tax Consequence and the Shareholders shall be paid the Liability in an amount equal to the then prevailing capital gains tax rate, which is currently Fifteen (15%) Percent, of the reduction in such basis.
In no event shall either Royale or the UPREIT be required to incur any expense (other than administrative expenses incurred in complying with this Section 23(d)(2)) in connection its cooperation under this Section 23(d)(2), nor shall any transaction duly approved by the Board of Directors of Royale that results in a Tax-Related Event be required to be suspended, postponed, impeded or otherwise adversely affected by virtue of any potential Adverse Tax Consequence.
If a Tax Event occurs and in the written opinion of counsel experienced in such matters delivered to the Company there would in all cases, after effecting a Tax Event Maturity Advancement, be more than an insubstantial risk that an Adverse Tax Consequence would continue to exist, a Special Event shall be deemed to have occurred and the Securities shall then be subject to redemption in accordance with the provisions of Section 14.01.
In no event shall either Talon or Talon OP be required to incur any expense (other than the cost of professional fees and expenses and administrative expenses incurred in complying with this Section 2.9) in connection its cooperation under this Section 2.9, nor shall any transaction duly approved by the Board of Directors of Talon that results in a Tax-Related Event be required to be suspended, postponed, impeded or otherwise adversely affected by virtue of any potential Adverse Tax Consequence.
If a Tax Event occurs and in the written opinion of counsel to the Company experienced in such matters there would in all cases, after effecting a Tax Event Maturity Advancement, be more than an insubstantial risk that an Adverse Tax Consequence would continue to exist, a Special Event shall be deemed to have occurred and the Securities shall then be subject to prepayment in accordance with the provisions of Section 14.01.
If a Tax Event occurs and in the written opinion of counsel to the Company experienced in such matters, there would in all cases, after effecting a Tax Event Maturity Advancement, be more than an insubstantial risk that an Adverse Tax Consequence would continue to exist, a Special Event shall be deemed to have occurred and the Securities shall then be subject to prepayment in accordance with the provisions of Section 14.01.
Under this Subparagraph 2(k), the UPREIT and the REIT are only obligated to cooperate with the Spokesperson on behalf of any LP Unit Recipient (or any partner, shareholder or member of any LP Unit Recipient) who may be facing an Adverse Tax Consequence, in connection with such LP Unit Recipient's determination of the efficacy of tax-deferral or tax-mitigation alternatives proposed by or through the Spokesperson that may involve the REIT or the UPREIT.
If a Tax Event occurs and in the written Opinion of Counsel to the Company experienced in such matters there would in all cases, after effecting a Tax Event Maturity Advancement, be more than an insubstantial risk that an Adverse Tax Consequence would continue to exist, a Special Event shall be deemed to have occurred and the Securities shall then be subject to prepayment in accordance with the provisions of Section 14.01.

More Definitions of Adverse Tax Consequence

Adverse Tax Consequence shall have the meaning set forth in Section 5.3.2.

Adverse Tax Consequence means any of the following circumstances: (i) a Trust which holds this Security is, or will be, within 90 days of the Opinion of Counsel giving rise to a Tax Event, subject to United States federal income tax with respect to income received or accrued on this Security, (ii) interest payable by the Corporation on this Security is not, or within 90 days of the date of such Opinion of Counsel will not be, deductible by the Corporation, in whole or in part, for United States federal income tax purposes or (iii) a Trust which holds this Security is, or will be within 90 days of the date of such Opinion of Counsel, subject to more than a de minimis amount of other taxes, duties or other governmental charges.

Adverse Tax Consequence shall have the meaning set forth in Section 6(c).

Adverse Tax Consequence means any of the following circumstances: (i) a Issuer Trust which holds this Security is, or will be, within 90 days of the Opinion of Counsel giving rise to a Tax Event, subject to United States federal income tax with respect to income received or accrued to this Security, (ii) interest payable by the Corporation on this Security is not, or within 90 days of the date of such Opinion of Counsel will not be, deductible by the Corporation, in whole or in part, for United States federal income tax purposes or (iii) a Issuer Trust which holds this Security is, or will be within 90 days of the date of such Opinion of Counsel, subject to more than a de minimis amount of other taxes, duties or other governmental charges.] The Indenture contains provisions for satisfaction and discharge of the entire indebtedness of this Security upon compliance by the Corporation with certain conditions set forth in the Indenture. The Indenture permits, with certain exceptions as therein provided, the Corporation and the Trustee at any time to enter into a supplemental indenture or indentures for the purpose of

Adverse Tax Consequence has the meaning ascribed to such term in Section 5.04 hereof.