Connected Jurisdiction Tax definition

Connected Jurisdiction Tax means any liability to Tax that (i) arises by reason of (a) any Noteholder’s connection with the jurisdiction of incorporation of the Issuer (other than by reason of the holding of any Note or receiving or being entitled to any payments of principal or interest in respect thereof), (b) a withholding or deduction imposed on a payment by or on behalf of the Issuer to an individual required to be made pursuant to European Council Directive 2003/48/EC or any other European Union Directive implementing the conclusions of the ECOFIN Council meeting of 26-27 November 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive; or (c) in the case of Definitive Notes, the presentation for payment of any Note or Coupon by or on behalf of a holder who would have been able to avoid such withholding or deduction by presenting the relevant Note or Coupon to another Paying Agent in a Member State of the European Union and (ii) can be met through a deduction form the amounts otherwise payable to the relevant Noteholder without the payments to other Noteholders being impaired in any way.
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Connected Jurisdiction Tax means any liability to tax that arises by reason of (i) any Noteholder’s connection with the jurisdiction of incorporation of the Issuer (other than by reason of the holding of any Note or receiving or being entitled to any payments of principal or interest in respect thereof), (ii) a withholding or deduction imposed on a payment by or on behalf of the Issuer to an individual required to be made pursuant to European Council Directive 2003/48/EC or any other European Union Directive implementing the conclusions of the ECOFIN Council meeting of 26-27 November 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive; or (iii) in the case of Definitive Notes, the presentation for payment of any Note or Coupon by or on behalf of a holder who would have been able to avoid such withholding or deduction by presenting the relevant Note or Coupon to another Paying Agent in a Member State of the European Union.
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Examples of Connected Jurisdiction Tax in a sentence

  • With respect to any Connected Jurisdiction Tax, the Issuer shall deduct such Connected Jurisdiction Tax from the amounts payable to the relevant Noteholder(s) and all other Noteholders shall receive the due amounts payable to them and the Notes shall not be redeemed and no Tax Redemption Event shall occur as a result of such deduction.

Related to Connected Jurisdiction Tax

  • Affected jurisdiction means any county, city, or town in which all or a portion of a qualifying project is located.

  • Specified Jurisdiction means with respect to Party A

  • Covered Jurisdiction means the United States (or any state or commonwealth thereof or the District of Columbia).

  • Sanctioned Jurisdiction means, at any time, a country, territory or geographical region that is subject to, the target of, or purported to be subject to, Sanctions Laws.

  • Designated Jurisdiction means any country or territory to the extent that such country or territory itself is the subject of any Sanction.

  • Restricted Jurisdiction means any jurisdiction where local laws or regulations may result in a significant risk of civil, regulatory or criminal exposure if information concerning the Acquisition is sent or made available in that jurisdiction;

  • Prohibited Jurisdiction means any country or jurisdiction, from time to time, that is the subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by any Governmental Authority of the United States.

  • Permitted Jurisdiction means the United States or any state thereof, Belgium, Bermuda, Canada, Cayman Islands, France, Germany, Gibraltar, Ireland, Italy, Luxembourg, the Netherlands, Switzerland, the United Kingdom or British Crown Dependencies, any other member country of the Organisation for Economic Co-operation and Development, or any political subdivision of any of the foregoing.

  • Qualified Jurisdiction at any time of determination, any jurisdiction in which Kimco or any of its Subsidiaries is doing business at such time the government of which jurisdiction is internationally recognized at such time, including by the United States Government.

  • Permitted Jurisdictions has the meaning specified in Section 801(a)(1).

  • Approved Jurisdiction means a member state of the European Economic Area (EEA) or any other jurisdiction or sector as may be approved by the European Commission as ensuring adequate legal protections for personal data.

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • Relevant Tax Jurisdiction ’ shall mean, in the case of payment by the Issuer, the Grand-Duchy of Luxembourg (where the Issuer is FFT), Canada (where the Issuer is FFC) or the United States of America (where the Issuer is FFNA) or any political subdivision or any authority thereof or therein having power to tax and, in the case of payment by the Guarantor, shall mean the Republic of Italy and any political subdivision or any authority thereof or therein having power to tax.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Sanctioned Country means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

  • Sanctioned Territory means a country or territory that is the subject of comprehensive economic Sanctions including, without limitation, Cuba, Iran, North Korea, Syria and the Crimea.

  • Relevant Taxing Jurisdiction shall have the meaning specified in Section 4.07(a).

  • Sanctioned Countries shall have the meaning set forth in Section 4.30.

  • Sanctioned Party means any persons, entities, bodies, or vessels designated by a Sanctioning Authority.

  • politically exposed person means any individuals connected to any prominent public functions, as well as their immediate family members and close associates.

  • Relevant Jurisdiction means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.

  • domestic politically exposed person means a natural person who is or has been entrusted domestically with prominent public functions;

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Foreign vehicle means every motor vehicle, trailer, or semitrailer that is brought into the

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • foreign matter means anything that is not part of the cotton plant.