Right to Repayment definition

Right to Repayment means any right to a repayment of Tax or a payment in respect of Tax and includes any repayment supplement or interest in respect thereof;
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Right to Repayment means any right to a repayment of Tax or a payment in respect of Tax and includes any repayment supplement or interest in respect thereof; “Saving” means the reduction in whole or in part of any liability of the Target to make an actual payment of corporation Tax (at a time when the Target is a member of the Purchaser’s Tax Group) which it would otherwise have been liable to make (and in respect of which the Founder Sellers are not liable to make any payment under this Schedule, otherwise than by reason of any Financial Limitation) by virtue of the set-off against such liability of any Relief arising wholly as a result of a liability to Tax in respect of which the Founder Sellers have made a payment to the Purchaser in full discharge of a Tax Claim in circumstances where the relevant Relief is not attributable to (i) a change in Laws, a change in accounting practice or the accounting bases on which the Target values its assets or any voluntary act or omission of the Target or any member of the Purchaser’s Group, in each case occurring after Completion, (ii) any Overprovision (iii) a Purchaser’s Relief or (iv) any payment or Relief to which paragraph 3 of Part C (Recovery from third parties) applies; “Shareholders” means the Sellers and the Minority Sellers; “Tax” or “Taxation” means all forms of direct and indirect tax, duty, levy, charge, contribution, rate, tariff and impost whether of the United Kingdom or any other jurisdiction and any other amount payable to any Tax Authority (including, for the avoidance of doubt, Payroll Tax), all related withholdings or deductions and all penalties, fines, charges, surcharges and interest relating to any of the foregoing or resulting from a failure to comply with the provisions of any enactment relating to any Taxation within this definition, including (i) any fine under Part 3 of Criminal Finances Act 2017 and (ii) in connection with the failure to make any return, the making of any incomplete or incorrect return, the failure to maintain records; “Tax Authority” means HM Revenue & Customs and any other authority, body or official (whether in the United Kingdom or elsewhere) competent to assess, demand, impose, administer or collect Tax or make any decision or ruling on any matter relating to Tax and any other person who has a right to demand or recover amounts of, or in respect of, or on account of, Tax or a Tax Liability; “Tax Claim” means a claim under the Tax Covenant or a Tax Warranty Claim; “Tax Demand” means...
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Right to Repayment has the meaning as defined in the Tax Deed;
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Examples of Right to Repayment in a sentence

  • The Surety’s Right to Repayment and Reimbursement The financing agreement and the Indemnity Agreement describe the principal’s and the indemnitors’ indemnity and reimbursement obligations to the surety to repay and reimburse the Surety’s Losses.

  • It does not reflect a reporting relationship between the different bodies.

  • Refer to the Administrative Arrangements for BGAs document, under the section Commonwealth Right to Repayment for further details.

  • Spillane and Burch (2003) also argue that instruction is about subject matter.

  • The Surety’s Right to Repayment and Reimbursement Whenever a surety incurs a loss, it wants to be repaid and reimbursed as soon as possible.

  • Waiver of Right to Repayment on Demand: Reserve Bank waives its rights to require repayment on demand under Section 5.1(a) of the Circular with respect to any Advance made under the MMLF, provided that the Reserve Bank shall retain all other rights and remedies under the Circular, including but not limited to remedies upon the occurrence of an Event of Default.

  • Cf. Gwaltney, 484 U.S. at 66 (reiterating that if a plaintiff’s “‘allegations [of standing] were in fact untrue, then the [defendants] should have moved for summary judgment on the standing issue and demonstrated to the District Court that the allegations were sham and raised no genuine issue of fact.’” (quoting United States v.

  • Prima Facie Right to Repayment Having concluded that BB&T is a creditor in possession, the Court next determines whether BB&T establishes a prima facie right to repayment of the Note.

Related to Right to Repayment

  • Notice of Prepayment has the meaning assigned thereto in Section 2.4(c).

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Mandatory Prepayment Event means any of the following:

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Statement of Preferences means the Issuer's Statement of Preferences of Variable Rate Demand Preferred Shares, dated as of March 31, 2021, as amended from time to time in accordance with the provisions thereof.

  • Repayment and “Repaid” shall have correlative meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charges Coverage Ratio,” Debt shall be considered to have been Repaid only to the extent the related loan commitment, if any, shall have been permanently reduced in connection therewith.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Fourth Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance, the Class B Note Balance, the Class C Note Balance and the Class D Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal for such Payment Date; provided, however, that the Fourth Allocation of Principal on and after the Final Scheduled Payment Date for the Class D Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class D Notes to zero (after the application of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal).

  • First Allocation of Principal means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period; provided, however, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less than the amount that is necessary to reduce the Note Balance of that Class of Class A Notes to zero.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Optional means a requirement not considered essential, but for which preference may be given.

  • Third Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the sum of the First Allocation of Principal and the Second Allocation of Principal for such Payment Date; provided, however, that the Third Allocation of Principal on and after the Final Scheduled Payment Date for the Class C Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class C Notes to zero (after the application of the First Allocation of Principal and the Second Allocation of Principal).

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.