Effective Tax Liability means the following:
Effective Tax Liability has the meaning given to it in paragraph 2.2 of Part 1 of this Schedule.
Effective Tax Liability shall have the meaning given in paragraph 2 of this part 1;
More Definitions of Effective Tax Liability
Effective Tax Liability means the utilisation or set-off of any Buyer’s Relief against any Tax or against income, profits or gains in circumstances where but for such utilisation or set-off an Actual Tax Liability would have arisen in respect of which the Seller would have been liable to the Buyer under this Schedule.
Effective Tax Liability means (a) the Non-availability in whole or in part of any Relief which has been taken into account in preparing the Balance Sheet (in which case the value of the Effective Tax Liability shall be the amount of the repayment which is not available if the relevant Relief is a right to repayment of Tax and, in any other case, the amount of Tax which would not have been payable but for the Non-availability of the Relief), and (b) the utilisation or set-off of any Buyer's Tax Relief against any Tax or against income, profits or gains in circumstances where but for such utilisation or set-off an Actual Tax Liability would have arisen in respect of which the Sellers would have been liable to the Buyer under Section 10.9 (in which case the value of the Effective Tax Liability shall be the amount of Tax saved by such utilisation or set-off).
Effective Tax Liability shall have the meaning given in paragraph 3 of this part 1;
Effective Tax Liability means (i) the use or set-off of a Purchaser Relief, where, but for such use or set-off, an Actual Tax Liability would have arisen in respect of which the Seller would have been liable but for such use or set-off and (ii) any non-availability, in whole or in part, of any Accounts Relief, whereby the amount of the Tax Liability is for these purposes deemed to be equal to: (a) in respect of an Accounts Relief which was not or is not a right to a repayment of or in respect of Tax, the amount of Tax which would have been saved but for the non-availability of the Accounts Relief and (b) in respect of an Accounts Relief which was or is a right to a repayment of or in respect of Tax, the amount of the repayment which is not available
Effective Tax Liability has the meaning given in paragraph 1.1 of Schedule 27 (Tax Matters).
Effective Tax Liability means (a) the non-availability in whole or in part of any Accounts Relief, in which case the value of the Effective Tax Liability shall in the case of the non-availability of a right to repayment of Tax shall be the amount of the repayment which is not available and in any other case shall be the amount of Tax which would have been saved but for the non-availability of the Accounts Relief; or (b) the utilisation or set-off in whole or in part of any Buyer's Relief against any Tax or against income, profits or gains in circumstances where but for that utilisation or set-off an Actual Tax Liability would have arisen for which the Buyer would have been able to make a claim under paragraph 2, in which case the value of the Effective Tax Liability shall be the amount of Tax saved by that utilisation or set-off; Event any event, occurrence, transaction, circumstance, act or omission whatsoever including being, or ceasing to be, a member of a group or under the control of any person for the purposes of any Tax, being or ceasing to be resident in any jurisdiction for the purposes of any Tax, the execution of the Share Purchase Agreement and Closing or the death of any person; Post-Locked Box Date Relief any Relief which arises in consequence of or by reference to an Event occurring after the Locked Box Date and not in consequence of or by reference to any Event occurring or deemed for Tax purposes to occur on or before the Locked Box Date; Relief includes any relief, loss, allowance, exemption, set-off, credit, deduction or other relief from any Tax or relevant to the computation of any Tax or any right to repayment of Tax; Tax Liability an Actual Tax Liability or an Effective Tax Liability; Tax Warranties those warranties contained in paragraph 16 of Schedule 2; and unavailability in relation to an amount of a Relief, the reduction, loss, modification, claw-back, counteraction, non-existence disallowance or cancellation of or failure to obtain all or part of that Relief and “unavailable” shall be construed accordingly.
Effective Tax Liability means (i) the non-availability in whole or in part of any Accounts Relief and (ii) the utilisation or set-off of any Purchaser's Relief against any Tax or against income, profit or gains earned, accrued or received in circumstances where, but for such utilisation or set-off, an Actual Tax Liability would have arisen in respect of which the Seller would have been liable to the Purchaser pursuant to this Schedule. For the purpose of this definition, any available Relief other than an Accounts Relief or Purchaser's Relief shall, to the extent possible under applicable Law, be deemed to be used prior to any Accounts Relief or Purchaser Relief;