Liability for Tax definition
Liability for Tax means any liability of any Group Company to make a payment of Tax and includes:-
Liability for Tax means any liability to make an actual payment or increased payment of Tax
Liability for Tax means (i) any liability or increase in any liability of a Group Company to make a payment of or in respect of Tax, (ii) the non-availability of any relief treated as an asset of a Group Company in the Financial Statements or otherwise taken into account in computing any provision for Tax in the Financial Statements (an “Accounts Relief”), and (iii) the use or set-off of an Accounts Relief, any relief of any Group Company arising after Closing, or any relief of Bannix whenever arising, against a liability to Tax of a Group Company where such liability to Tax would have been capable of being the subject of a claim under Section 5.5(c) of this Agreement.
Examples of Liability for Tax in a sentence
Your Liability for Tax Marsh is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance.
Your Liability for Tax MST is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance.
There are no contracts or arrangements providing for payments that could subject any person to Liability for Tax under Section 4999 of the Code as a result of the transactions contemplated by this Agreement.
There are no Contracts providing for payments that could subject any Person to Liability for Tax under Section 409A or Section 4999 of the Code.
Prior to the Closing Date, the Sellers shall, or shall cause the Acquired Companies to, sell, spin-off or otherwise dispose of the Excluded Items (in each case without Liability, whether actual or contingent and including any Liability for Tax, on the part of any Acquired Company) so that none of the Acquired Companies shall have any direct or indirect ownership interest in, or any other Liability for, the Excluded Items on or as of the Closing Date.
More Definitions of Liability for Tax
Liability for Tax means any liability for Tax imposed against or upon the Company or its Subsidiaries or any of the Company’s or its Subsidiaries’ assets, which has arisen or arises in the future as a result of or in respect of or relating to any act, transaction, omission or event occurring or deemed to occur on or before the Closing Date, or in respect of income, profits, or gains earned, accrued or received on or before the Closing Date, including, without limitation, liabilities arising from: (i) the failure by the Company or its Subsidiaries to make a payment in respect of any Tax; (ii) the failure by the Company or its Subsidiaries to obtain or the loss by it of the benefit or repayment of any credit for Tax which has been taken into account by it; (iii) the denial to the Company or its Subsidiaries by a taxing authority of any Tax relief, allowance or credit in respect of any Tax, any deduction in computing income, profits or gains for the purposes of any Tax, and/or any right to repayment of Tax; and (iv) any liability to repay the whole or any part of any payment received or receivable by the Company or its Subsidiaries in respect of any Tax refunded to the Company or its Subsidiaries.
Liability for Tax means the sum of the tax imposed under section 290.06, subdivisions 1 and 2c, for the taxable year reduced by the sum of the nonrefundable credits allowed under this
Liability for Tax means: (a) any liability of any Transferred Company to make an actual payment (or increased payment) of Tax whether or not the same is primarily or jointly and severally payable by the Transferred Company and whether or not the Transferred Company has, or may have, any right of reimbursement against any other person, in which case, the amount of the Liability for Tax will be the amount of the actual payment or the increase in the amount of the payment; (b) the Loss, otherwise than by use or setting off, of any Accounts Relief, in which case, the amount of the Liability for Tax will be the amount of Tax that would have been saved but for that Loss; and (c) the use or setting off of any Purchaser's Relief where, but for that use or setting off, any Transferred Company would have had a liability to make a payment of Tax for which the relevant Purchasing Entity would have been able to make a claim against the Seller under this Schedule, in which case, the amount of the Liability for Tax will be the amount of Tax for which the Seller would have been liable but for the use or setting off; Loss: includes the absence, failure to obtain, non-existence, non-availability, reduction, modification, loss, counteraction, nullification, utilisation, disallowance, withdrawal or clawback of the relevant Relief for whatever reason; Overprovision: means the amount by which any provision for Tax (other than deferred tax) in the Final Adjustment Report is overstated, or the amount by which any Tax asset (other than a deferred tax asset) in the Final Adjustment Report is understated, except where that overstatement or understatement arises due to: (a) a change in any Applicable Law; (b) a change in the accounting bases on which any Transferred Company values its assets; (c) a voluntary act or omission of the relevant Purchasing Entity or any Transferred Company; or (d) the utilisation or setting off of a Purchaser's Relief,that, in each case, occurs after Completion;
Liability for Tax means the sum of the tax imposed under section 290.06, subdivisions 1 and 2c, for the taxable year reduced by the sum of the nonrefundable credits allowed under this chapter, on all of the entities required to be included on the combined report of the unitary business.
Liability for Tax for purposes of this section means the tax imposed under this chapter for the taxable year reduced by the sum of the nonrefundable credits allowed under this chapter.
Liability for Tax has the meaning given in Section 10.1.
Liability for Tax means the tax imposed under this chapter for the taxable year reduced by