The Ireland Borrower is a “qualifying company” within the meaning of section 110 of the Irish Taxes Act.
Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time;
Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.
Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.
Sales Taxes means Alternative Revenues.
Transfer Taxes has the meaning set forth in Section 6.05.
VAT means value added tax in accordance with the provisions of the Value Added Tax Act 1994.
Other Taxes means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).
Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.
Income Tax Act means the Income Tax Act (Canada), as amended from time to time;
Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.