Loan Tax Event definition

Loan Tax Event means that NATIXIS is, or would be on the occasion of the next payment of principal or interest due to Natixis Structured Issuance under the Loan Agreement, required to pay additional amounts to Natixis Structured Issuance SA to ensure that Natixis Structured Issuance receives a sum, net of any deduction or withholding, equal to the sum which it would have received had no such deduction or withholding for French tax been made or required to be made.
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Loan Tax Event means at any time, as a result of the introduction of a new, or any change in, any home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final), interest payments due to the Issuer under the Inter-company Loan Agreement in relation to any Interest Accrual Period becoming properly subject to the imposition of home jurisdiction or foreign withholding tax (other than where the requirement to withhold is eliminated pursuant to a double taxation treaty so that the Issuer as holder thereof is held completely harmless from the full amount of such withholding tax on an after tax basis).
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Loan Tax Event means that any payment of principal or interest or other distribution in respect of the Loan (if any) for the time being is required to be made subject to a deduction or withholding for or on account of taxes.
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Examples of Loan Tax Event in a sentence

  • Following the occurrence of a Loan Tax Event, NATIXIS may, at any time, give not less than 20 Business Days’ notice to the Issuer of its intention to prepay the whole (and not part) of any Loans made under the relevant Programme Loan Agreement.

  • In the event of the occurrence of a Tax Event or a Loan Tax Event the Issuer may at its discretion on any Payment Date at any time, subject to not less than 15 nor more than 30 calendar days notice to the Trustee, the Issuing and Paying Agent, the Calculation Agent and the Series 1 Noteholder in accordance with Condition 14 (Notices), elect that the Series 1 Note shall be redeemed, in whole but not in part, on the date specified by the Issuer, at the Early Redemption Amount.

Related to Loan Tax Event

  • Tax Event means the receipt by the Company and the Trust of an opinion of counsel experienced in such matters to the effect that, as a result of any amendment to or change (including any announced prospective change) in the laws or any regulations thereunder of the United States or any political subdivision or taxing authority thereof or therein, or as a result of any official administrative pronouncement (including any private letter ruling, technical advice memorandum, field service advice, regulatory procedure, notice or announcement, including any notice or announcement of intent to adopt such procedures or regulations) (an “Administrative Action”) or judicial decision interpreting or applying such laws or regulations, regardless of whether such Administrative Action or judicial decision is issued to or in connection with a proceeding involving the Company or the Trust and whether or not subject to review or appeal, which amendment, clarification, change, Administrative Action or decision is enacted, promulgated or announced, in each case on or after the date of original issuance of the Debentures, there is more than an insubstantial risk that: (i) the Trust is, or will be within 90 days of the date of such opinion, subject to United States federal income tax with respect to income received or accrued on the Debentures; (ii) interest payable by the Company on the Debentures is not, or within 90 days of the date of such opinion, will not be, deductible by the Company, in whole or in part, for United States federal income tax purposes; or (iii) the Trust is, or will be within 90 days of the date of such opinion, subject to more than a de minimis amount of other taxes, duties or other governmental charges.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.