Change of Tax Law means any change in application or public announcement of an official position under or any change in or amendment to the laws (or any regulations or rulings promulgated thereunder) of any jurisdiction in which an Obligor is organized, or any political subdivision or taxing authority of any of the foregoing, affecting taxation, or any proposed change in such laws or change in the official application, enforcement or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction), or any other action taken by a taxing authority or court of competent jurisdiction in the relevant jurisdiction, or the official proposal of any such action.
Change of Tax Law means with respect to the Lender, any change in, or in the published interpretation, administration or the application of, any law or regulation or Double Taxation Treaty or any published practice or published concession of any relevant taxing authority.
Change of Tax Law. Any change in application or public announcement of an official position under or any change in or amendment to the laws (or any regulations or rulings promulgated thereunder) of any jurisdiction, or any political subdivision or taxing authority of any of the foregoing, affecting taxation, or any change in the official application, enforcement or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction), or any other action taken by a taxing authority or court of competent jurisdiction in the relevant jurisdiction.
Examples of Change of Tax Law in a sentence
The Change of Tax Law must become effective on or after the date of this Indenture (or, if the applicable Relevant Jurisdiction became a Relevant Jurisdiction on a date after the date of this Indenture, such later date).
The Change of Tax Law must become effective on or after the date of the Indenture (or, if the applicable Relevant Jurisdiction became a Relevant Jurisdiction on a date after the date of the Indenture, such later date).
Once the Proposal has been implemented, James Hardie has the express right to terminate the Final Funding Agreement if a Change of Tax Law occurs such that certain of the Tax Conditions are no longer satisfied, as described further below.
The Change of Tax Law must become effective on or after the date of the Offering Circular (or, if the applicable Relevant Jurisdiction became a Relevant Jurisdiction on a date after the date of the Offering Circular, such later date).
More Definitions of Change of Tax Law
Change of Tax Law. Any change in application or public announcement of an official position under or any change in or amendment to the laws (or any regulations or rulings promulgated thereunder) of any jurisdiction in which an Obligor is organized), or any political subdivision or taxing authority of any of the foregoing, affecting taxation, or any proposed change in such laws or change in the official application, enforcement or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction), or any other action taken by a taxing authority or court of competent jurisdiction in the relevant jurisdiction, or the official proposal of any such action.
Change of Tax Law shall have the meaning ascribed thereto in Clause 19.1 (Definitions).
Change of Tax Law shall have the meaning ascribed thereto in Clause 14.1 (Definitions).
Change of Tax Law means any change in (or in the interpretation, administration or application of) any law relating to Taxes or any Treaty, or in any published practice or published concession of any relevant Governmental Authority.
Change of Tax Law has the meaning set forth in Section 3.10(b) hereof.
Change of Tax Law means any implementation, introduction, enactment, imposition, abolition, withdrawal or variation or change of any applicable law, regulation, practice or concession, official directive, ruling, guideline, statement of policy or statement of practice or any change in any interpretation or application or the introduction or making of any new or further or different interpretation or application by any court, tribunal, central bank, fiscal, governmental, local, international, national or other competent authority or agency or compliance with any new or different request or direction (whether or not having the force of law but in respect of which compliance by banks and other financial institutions in the relevant jurisdiction is generally customary) from any central bank, fiscal, governmental, local, international, national or other competent authority; "Commencement Date" means the earliest date on which the Lessor shall incur (in accordance with Section 5 CAA 2001) any expenditure in connection with the acquisition of the Equipment pursuant to the Sale Agreement; "Corporation Tax Rate" means, in relation to any Accounting Period, the effective rate of Corporation Tax applicable to any taxable profits arising in that Accounting Period (ignoring for these purposes sections 13 and 13AA ICTA 1988 as they relate to small companies' relief and the corporation tax starting rate respectively) and where different statutory rates apply for Financial Years which are not the same as that Accounting Period, the time weighted average of the appropriate statutory rates for those Financial Years PROVIDED THAT if, at the date at which any calculation hereunder is to be made, the "Corporation Tax Rate" is not known because Corporation Tax rates are fixed retrospectively, such calculation shall (without prejudice to any provision of this Financial Schedule providing for such calculation to be adjusted once the rate of Corporation Tax is settled by law) be made on the basis that the rate of Corporation Tax last fixed will not change unless there has been an official announcement for this purpose of the change in such rate in which case it shall be made on the basis that the rate will change in accordance with such announcement;
Change of Tax Law. Any change in application or public announcement of an official position under or any change in or amendment to the laws (or any regulations or rulings promulgated thereunder) of the Cayman Islands or any political subdivision or taxing authority thereof, affecting taxation, or any proposed change in such laws or change in the official application, enforcement or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction), or any other action taken by a taxing authority or court of competent jurisdiction in the relevant jurisdiction, or the official proposal of any such action.