General Tax Indemnity definition

General Tax Indemnity. As defined in Section 4.3.
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General Tax Indemnity shall bear the meaning ascribed thereto in clause 15.1.10;
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General Tax Indemnity means the indemnity provided by Deepwater to ----------------------- various parties pursuant to Section 10.4 of the Participation Agreement.
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Examples of General Tax Indemnity in a sentence

  • The Guarantee is a continuing obligation which will remain in force until all Taiwa’s obligations under the SPA have been fulfilled.The upper limit on the liability of Taiwa for warranty claims and under the General Tax Indemnity was determined with reference to the Consideration after arm’s length negotiation of the parties to the SPA.Completion of the SPA is expected to take place on 17 July 2007.

  • Lite, severally on equal proportion agree to give the General Tax Indemnity, the Specific Capital Gain Tax Indemnity and the Specific Balancing Charge Tax Indemnity.

  • The warranties (otherthan those in relation to tax) given by Taiwa under the SPA shall have effect for a period of 1 year after the Completion Date, whilst the warranties in relation to tax shall have effect for a period of 7 years after the Completion Date.The SPA provides that the total liability of Taiwa for claims made under the warranties set out in the SPA and under the General Tax Indemnity shall not exceed HK$845,000,000.

  • INDEMNIFICATION AND EXPENSES 26 8.1 General Indemnity 26 8.2 Expenses 32 8.3 General Tax Indemnity 33 8.4 Payments 43 8.5 Interest 43 8.6 Benefit of Indemnities 44 SECTION 9.

  • Lite under the General Tax Indemnity together with their exposure for warranty claims under the SPA shall not exceed HK$845,000,000 as mentioned above.Pursuant to the Tax Deed, the liability of Lai Sun and E.

  • Lessee shall not be obliged to indemnify any Tax Indemnitee pursuant to Clause 13.1 (General Tax Indemnity) against Lessor Taxes or any Tax attributable to or assessed against such Tax Indemnitee or which arise due to the gross negligence or wilful misconduct of any Tax Indemnitee.


More Definitions of General Tax Indemnity

General Tax Indemnity. Defined in Section 7. E hereof.
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Related to General Tax Indemnity

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.