New Taxes definition

New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

New Taxes. Any taxes enacted by any Governmental Authority after the Effective Date or by any Governmental Rule effective after the Effective Date resulting in the application, for the first time, of any tax to Participating Consumers with respect to All-Requirements Power Supply.

New Taxes means all new or incremental taxes, assessments, fees, levies, charges or costs imposed by any Change in Law that are incurred and paid by Carrier with respect to Carrier’s operation of the System or its performance under this Agreement, including any such taxes, assessments, fees, levies, charges or costs arising from any carbon tax or cap and trade Laws adopted after the date hereof but excluding (a) any income taxes, margin tax, franchise tax or any other similar tax that is measured or assessed based on any income received by Carrier (b) any real or personal property, transfer or other ad valorem taxes imposed on Carrier or the System or (c) any fines, penalties, interests or late charges imposed or attributable to any failure of Carrier to timely or validly pay any incremental taxes, assessments, fees, levies, charges or costs imposed on Carrier or the System.

Examples of New Taxes in a sentence

• If, after the Effective Date, a Regulatory Event occurs or any New Taxes are imposed, and such event or taxes have a direct, material and adverse effect on the economic benefits to a Party of this Agreement, the affected Party shall send written notice to the other Party, setting forth the Regulatory Event or New Taxes and reasonably demonstrating the effect of the same on the affected Party.

• If any New Taxes are imposed for which Competitive Supplier is responsible, the amount of such New Taxes shall be allocated to and collected from Participating Consumers through applicable monthly invoice(s).

• If, after the Effective Date, a Change in Law occurs or New Taxes are imposed, and such event or taxes have a direct, material and adverse effect on the economic benefits to a Party of this ESA, the affected Party shall send written notice to the other Party, setting forth the Change in Law or New Taxes and reasonably demonstrating the effect of the same on the affected Party.

• New Taxes – Any taxes not in effect as of the Effective Date enacted by a Governmental Authority or the Aggregator, to be effective after the Effective Date with respect to All-Requirements Power Supply, or any Governmental Rule enacted and effective on or after the Effective Date resulting in application of any existing tax for the first time to Participating Consumers.

• If, after the Effective Date, a Regulatory Event occurs or New Taxes are imposed, and such event or taxes have a direct, material and adverse effect on the economic benefits to a Party of this ESA, the affected Party shall send written notice to the other Party, setting forth the Regulatory Event or New Taxes and reasonably demonstrating the effect of the same on the affected Party.

More Definitions of New Taxes

New Taxes as used herein, shall mean any tax, license, fee or charge hereafter levied, assessed or made by any governmental authority on the gas itself or on the act, right or privilege of producing, severing, gathering, storing, transporting, handling, selling or delivering gas which is measured by the volume, value, or sales price of the gas.

New Taxes shall have the meaning set forth in Section 8.3.

New Taxes means any new Taxes or increase in Taxes, enacted or otherwise made applicable after the Effective Date of the Public Act by any Governmental Authority (whether or not contemplated or introduced as a bill on the Execution Date) including any Taxes in the nature of carbon taxes, energy related taxes, Btu taxes, taxes on the heat content of energy, transportation taxes, or similar Taxes on SNG sold under this Agreement, which are otherwise the responsibility of Seller under this Agreement. “New Taxes” shall not include income taxes or any interest, fine, penalty or assessment imposed on Seller as the result of Seller’s failure to comply with any Governmental Requirement.

New Taxes means (i) any Taxes enacted and effective after the Effective Date and a material increase in the rate of any Taxes or New Taxes, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of persons.

New Taxes as used in this Agreement means any or all governmental charges, licenses, fees, permits and assessments, or increases therein, that are imposed on this transaction that (i) were not in effect on the Effective Date of this Agreement or (ii) were not imposed on the transaction as of the Effective Date of this Agreement.

New Taxes has the meaning set out in Article 4.3.3(c).

New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any TAxes or New Taxes that constitutes and increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.