Change in Tax definition

Change in Tax. The adoption, enactment, promulgation, coming into effect, repeal, amendment, reinterpretation, change in application, change in interpretation or modification by any Public Sector Entity after the date hereof of any Law of Pakistan relating to any Tax or Taxes.

Change in Tax means any change after the Effective Date in the rate, incidence, basis of charge or other provisions applicable to any Tax as a result of:

Change in Tax means the adoption, enactment, promulgation, coming into effect, repeal, amendment, reinterpretation, change in application, change in interpretation or modification after the Bid Submission Date hereof of any Laws of Pakistan relating to any taxes or other charges to be paid by the Contractor in terms of Clause 13.14.

Examples of Change in Tax in a sentence

• At the time and following any Change of Tax Classification, the Board shall have the right, without any approval or vote of the Members being required, to amend this Agreement as reasonably required to effect the Change in Tax Classification and to provide for the operations of the Company following such event.

• Prior to the mailing of any notice of redemption pursuant to this Section, the Company or the relevant Guarantor will deliver to the Trustee an opinion of independent tax counsel of recognized standing to the effect that the Company or the relevant Guarantor is or would be obligated to pay such Additional Amounts as a result of such Change in Tax Law.

• In relation to payments by Party B, no Tax shall be an Indemnifiable Tax, unless the Tax is due to a Change in Tax Law and otherwise satisfies the definition of Indemnifiable Tax provided in Section 14.

• In the case of redemption due to withholding as a result of a Change in Tax Law in a jurisdiction that is a Relevant Taxing Jurisdiction at the date of the Offering Memorandum, such Change in Tax Law must become effective on or after the date of the Offering Memorandum.

• In the case of redemption due to withholding as a result of a Change in Tax Law in a jurisdiction that becomes a Relevant Taxing Jurisdiction after the date of the Offering Memorandum, such Change in Tax Law must become effective on or after the date the jurisdiction becomes a Relevant Taxing Jurisdiction.

More Definitions of Change in Tax

Change in Tax. The meaning ascribed thereto in the Energy Purchase Agreement.

Change in Tax means any change after the date on which the then-prevailing GTCs were issued by the Operator in the rate, incidence, basis of charge or other provisions applicable to any Tax as a result of:

Change in Tax. After the date hereof, the adoption, enactment, promulgation, coming into effect, repeal, amendment, re-interpretation, change in application, change in interpretation or modification by any Public Sector Entity of any Law of Afghanistan relating to any Tax or Taxes.

Change in Tax means the adoption, promulgation, bringing into effect, repeal, amendment, reinterpretation, change or failure in application against the provisions of the relevant legislation, change in interpretation or modification after the date hereof of any Laws of Uganda, by any Governmental Authority, relating to any tax, duty, licence fee or other revenue producing measure, including any application of any tax, duty, licence fee or other revenue-producing measure which differs from the assumptions in Schedule 8.

Change in Tax means the adoption, promulgation, bringing into effect, repeal, amendment, reinterpretation, change or failure in application of the provisions of the relevant legislation after the Execution Date, or modification after the Execution Date of any Applicable Law by any Relevant Authority, relating to any Tax, including any application of any Tax (including withholding Taxes on distributions to shareholders to the extent such withholding taxes are final Tax liabilities of the shareholders and are not subject to any credit or adjustment, including any credit or adjustment against any other Tax liability), which is imposed on Seller or the Project and:

Change in Tax. Law shall mean any change in the Code or successor legislation enacted by either the Ninety-ninth or the One Hundredth Congress (other than a change in respect of an alternative minimum tax or an add-on minimum tax having the same effect as an alternative minimum tax), or if prior to January 15, 1997 (i) there is enacted any technical correction thereto, or (ii) there are adopted, promulgated, issued or published any proposed, temporary or final Regulations resulting therefrom (regardless of the effective date of such technical corrections or Regulations, but only if such technical corrections or Regulations would affect Net Economic Return), provided, however, that a Change in Tax Law shall occur in the event the provision set forth in Section 1509(b) of H.R. 3838 as passed by the U.S. House of Representatives on December 17, 1985 and Section 1809(b) of H.R 3838 as passed by the U.S. Senate on June 24, 1986 shall fail to be enacted into law in the form therein set forth or, if such provision is so enacted into law, it shall not apply to the Common Facilities Chemical Bank shall mean Chemical Bank, a New York banking corporation.

Change in Tax. After the date hereof Bid Submission Date, the adoption, enactment, promulgation, coming into effect, repeal, amendment, re-interpretation, change in application, change in interpretation or modification by any Public Sector Entity of any Law of Pakistan relating to any Tax or Taxes.