Relevant Tax Liability definition

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to:

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to: (i) the issue of the GFC Shares; (ii) the transfer of the GFC Shares; (iii) the redemption or conversion of the GFC Shares; and/or (iv) any other event giving rise to a charge under Part 7 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 occurring during the ownership of the GFC Shares by GFC.

Relevant Tax Liability has the meaning given in Clause 46.7.3;

Examples of Relevant Tax Liability in a sentence

• The Employee covenants with the Company to allow the Company or any other Group Member (in each case a “Relevant Payer”) to recover from him (to the extent permitted by law) all and any Relevant Tax Liability and hereby indemnifies and will keep indemnified on a continuing basis each Relevant Payer in respect of any Relevant Tax Liability (to the extent permitted by law).

• In relation to any such additional amount payable to DBFM Co, DBFM Co and the Authority shall have the same rights and obligations as would apply to a Relevant Tax Liability under Clause 46.7.3 and Clauses 46.6 to 46.11 (inclusive) shall apply mutatis mutandis to the payment of the additional amount.

• The Subscriber covenants with the Company to allow the Company or any other Group Member (in each case a “Relevant Payer”) to recover from him (to the extent permitted by law) all and any Relevant Tax Liability and hereby indemnifies and will keep indemnified on a continuing basis each Relevant Payer in respect of any Relevant Tax Liability (to the extent permitted by law).

• Where a payment is to be made to DBFM Co pursuant to Clause 46.1, Clause 46.3, Clause 46.4 or Clause 46.5 (a "Compensation Payment") and DBFM Co has a Relevant Tax Liability in respect of such payment, then the amount of the Compensation Payment to be made by the Authority to DBFM Co shall be increased so as to ensure that DBFM Co is in the same position (after account is taken of the Relevant Tax Liability) as it would have been in had it not been for such Relevant Tax Liability.

• The Authority may, if it considers in good faith that such action is justified having regard to the likely costs and benefits, direct Sub-hubco to resist, appeal, defend or otherwise dispute the Relevant Tax Liability in respect of the Compensation Payment, provided that the cost of any such dispute (including any interest or penalties incurred) shall be at the Authority's expense.

More Definitions of Relevant Tax Liability

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to: (i) the issue of the Employee Shares and/or E Shares; Table of Contents (ii) the transfer of the Employee Shares and/or E Shares; (iii) the redemption or conversion of the Employee Shares and/or E Shares; and/or (iv) any other event giving rise to a charge under Part 7 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 occurring during the ownership of the Employee Shares and/or E Shares by the Employee.

Relevant Tax Liability means any and all income tax, social insurance contributions, payroll tax, payment on account or other tax-related withholding in respect of which any Group Member is liable to make a payment to any applicable tax authority, including any such liability which arise by reference to:

Relevant Tax Liability means a material tax liability which would not have been incurred absent the making of upstream or cross-stream payments (taking into account future tax savings resulting therefrom and not taking into account tax liabilities that would have been incurred otherwise but at a later point in time) and as a result of which it seems economically unreasonable and - taking into account the legitimate interests of the Lenders - inappropriate to make the relevant mandatory prepayment.

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to: (i) the issue of the Subscriber Shares; (ii) the transfer of the Subscriber Shares; (iii) the redemption or conversion of the Subscriber Shares; and/or (iv) any other event giving rise to a charge under Part 7 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (or any similar provision of law applicable in a jurisdiction other than the United Kingdom) occurring during the ownership of the Subscriber Shares by the Subscriber.

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to: (i) the issue of the Employee Shares; (ii) the transfer of the Employee Shares; (iii) the redemption or conversion of the Employee Shares; and/or (iv) any other event giving rise to a charge under Part 7 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 occurring during the ownership of the Employee Shares by the Employee.

Relevant Tax Liability means an Actual Liability or Deemed Liability in respect of a Compensation Payment;

Relevant Tax Liability means any Tax Liability in respect of which the Sellers are liable to make a payment under the Tax Covenant or in respect of the Tax Warranties (or in respect of which the Sellers would be liable to make such a payment, but for the provisions of paragraph 3.2 of part 1 and/or the set off, utilisation or availability of a Windfall Relief)