Applicable Tax Laws definition

Applicable Tax Laws means the Code and any other applicable Requirement of Law relating to Taxes, as in effect from time to time.

Applicable Tax Laws means any of the following:

Applicable Tax Laws means, with respect to Taxes, all Laws of any Governmental Authority having jurisdiction over the business or operations of the Companies.

Examples of Applicable Tax Laws in a sentence

• Each such Tax Return is true, correct and complete in all material respects and such Tax Returns disclose all information required to be disclosed in accordance with Applicable Tax Laws.

• As a result of the uncertainty in the application of the Applicable Tax Laws at the time of the Determination, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“Underpayment”) or Gross-Up Payments are made by the Company which should not have been made (“Overpayment”), consistent with the calculations required to be made hereunder.

• The Promoter and the Trustee shall not be liable in their personal capacity for any tax, interest or penalty which may be imposed on the Trustee in respect of the Plan under Applicable Tax Laws, as a result of payments out of the Plan or the purchase, sale or retention of any investment (including any investment that is not a “qualified investment” within the meaning of the Applicable Tax Legislation).

• In the event that the Executive thereafter is required to make payment of any Income Tax or additional Income Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in the Applicable Tax Laws) shall be promptly paid by the Company to or for the benefit of Executive.

• In the event the amount of the Gross-Up Payment exceeds the amount necessary to reimburse the Executive for his or her Income Tax, the Accounting Firm shall determine the amount of the Overpayment that has been made and any such Overpayment (together with interest at the rate provided in the Applicable Tax Laws) shall be promptly paid by Executive (to the extent he or she has received a refund if the applicable Income Tax has been paid) to or for the benefit of the Company.

More Definitions of Applicable Tax Laws

Applicable Tax Laws means the federal, state and local income tax laws applicable to the Company that have been enacted on or prior to the date the Change of Control occurs. The term Applicable Tax Laws includes any changes in applicable tax rates and/or any other changes affecting the amount of the tax deduction to which the Company may be entitled with respect to any Change or Control Payment that are scheduled to become effective in subsequent tax years if such changes were enacted on or before the date a Change of Control occurs. Applicable Tax Laws do not include any changes in applicable federal, state or local income tax laws that are enacted after the date a Change of Control occurs.

Applicable Tax Laws means the Code and any other applicable Requirement of Law relating to Taxes, as in effect from time to time. “Application”: an application, in such form as the applicable Issuing Lender may specify from time to time, requesting such Issuing Lender to issuea Letter of Credit.

Applicable Tax Laws means the Income Tax Act (Canada) and the taxation legislation of the province or territory in which the Annuitant resides.

Applicable Tax Laws means the Code and any other applicable Requirement of Law relating to Taxes, as in effect from time to time. “Approved Fund” shall mean any Fund that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity, or an Affiliate of an entity, that administers, advises or manages a Lender. “Arrangement Fee Letter” shall mean that certain Arrangement Fee Letter, dated March 12, 2021, by and between the Borrower and the Lead Arranger. “Article 55 BRRD” means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms. “Asset Sale” shall mean any conveyance, sale, transfer or other disposition of any property (including Equity Interests of a Group Member) other than as permitted pursuant to Section 6.05 (other than Section 6.05(b) or (q)), and in any event “Asset Sales” shall exclude Casualty Events of any Group Member. “Asset Sale/Casualty Event Threshold” shall have the meaning assigned to such term in Section 2.10(c)(i). “Assignment and Assumption” shall mean an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.04(b)), and accepted by the Administrative Agent, in substantially the form (including electronic documentation generated by use of an electronic platform) of Exhibit A, or any other form approved by the Administrative Agent. “Attributable Indebtedness” shall mean, when used with respect to any Sale Leaseback Transaction, as at the time of determination, the present value (discounted at a rate equivalent to the Borrower’s then-current weighted average cost of funds for borrowed money as at the time of determination, compounded on a semi-annual basis) of the total obligations of the lessee for rental payments during the remaining term of the lease included in any such Sale Leaseback Transaction. “Available Tenor” shall mean, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such 4 US-DOCS\...

Applicable Tax Laws means the Code and any other applicable Requirements of Law relating to Taxes, as in effect from time to time. “Applicable Time” means, with respect to any Borrowing and payments in any Alternative Currency, the local time in the place of settlement for

Applicable Tax Laws means the Income Tax Act (Canada) and the taxation legislation of the province or territory in which the Annuitant resides, and regulations thereunder “Carrier” as that term is defined in subsection 146.3(1) of the Income Tax Act (Canada), includes a person licensed or otherwise authorized under the laws of Canada or a province to issue retirement income funds. “Deposit” means an amount held pursuant to an instrument evidencing the deposit of such amount with the Depository for the Fund. “Depositary” means Coast Capital Savings Federal Credit Union in its capacity as the issuer of the Fund for the purposes of the Income Tax Act (Canada) or any successor thereof duly qualified and appointed in such capacity pursuant to the provisions of the terms of this Retirement Income Fund Agreement, and except where inconsistent with the context, includes any duly appointed officer, employee or agent of any such Depositary when such officer, employee or agent is acting solely in its capacity as such. “Designated Beneficiary” means any person designated as such by the Annuitant by any effective designation of beneficiary delivered with the Application, or by any subsequent effective designation of beneficiary. “Distributions Received” means all dividends, interest and other distributions received by the Depositary in respect of the Investments. “Fund” means the Retirement Income Fund established pursuant to this Retirement Income Fund Agreement for and on behalf of the Annuitant. “Fund Assets” at any time, means the aggregate of uninvested money, Deposits, uninvested Distributions Received held at such time by the Depositary for the Fund. “Minimum Amount”, in respect of the year in which the Fund was established, and in respect of each subsequent year has the meaning ascribed thereto in subsection 146.3(1) of the Income Tax Act (Canada); provided that if an election is made by the Annuitant to base such amount on the age of the Annuitant’s Spouse, such election is thereafter binding and cannot be changed, revoked or amended notwithstanding the death of the Spouse, the separation or divorce of the Annuitant and such Spouse or any other matter whatsoever. “Retirement Income Fund Agreement” means, collectively, the Application, these provisions, and any additions and amendments made hereto from time to time. “Retirement Income Payments” means the payments, in the amounts and at the time determined in accordance with the provisions of Clause 6 hereof and the payment selecti...

Applicable Tax Laws has the meaning set forth in Section 15(a) of the Participation Agreement.