Ineligible Tax definition
Examples of Ineligible Tax in a sentence
Ineligible Tax means any income, capital gains, stamp, payroll, land, council or transaction duty, tax or charge, or any taxes or charges analogous to such taxes or charges.
The Issuer may direct the Trustee (or other Paying Agent) to deposit payments on an Ineligible Tax Holder’s Securities into a Tax Reserve Account established in respect of such Ineligible Tax Holder.
Subject to clause 17 (“Taxes”), ifIf Project Operator incurs a Relevant Cost Change, (which, for clarity, does not include a change in an Ineligible Tax), then Project Operator must use its best endeavours to mitigate any additional costs to be incurred and to maximise the extent of any reduction in costs, arising from the Relevant Cost Change.
Ineligible Tax Payments:NSP cannot be used to reimburse the grantee for its tax-foreclosed units.NSP can be used to pay current taxes as part of the acquisition cost when the foreclosed unit is owned by a private lender.