Saving means the reduction or elimination of any liability of a Group Company to Tax in respect of which the Sellers would not have been liable under paragraph 2 hereof, by the use of any Tax relief arising as a result of a Tax Liability in respect of which the Sellers have made a payment under paragraph 2.
Saving. For the avoidance of doubt, nothing in this Part V shall prevent or restrict any Party enforcing any obligation (including suing for a debt) owed to it under or pursuant to this Agreement.
Saving means the use of a Corresponding Relief to reduce or eliminate any liability of the Target to make an actual payment of Tax in respect of which but for such reduction or elimination the Seller would not have been liable under paragraph 1 of Part 3, or in respect of the Tax Warranties provided that:
Examples of Saving in a sentence
Daylight Saving Time Change to DST This option enables changeover to Daylight Saving Time and back.
Automatic Daylight Saving Time This option enables changeover to Daylight Saving Time and back.
Automatic Daylight Saving Time (DST) The control panel clock will go back automatically one hour at 03:00 the first Sunday in October, and it will go forward automatically one hour at 02:00 the last Sunday in March.
More Definitions of Saving
Saving. The Executive Committee shall have the right to waive compliance by a Party with all or any of the Pool Membership Conditions either absolutely or on terms if, in the opinion of the Executive Committee, this is necessary to ensure or help ensure that the Settlement process operates efficiently or that the interests of other Pool Members are safeguarded.
Saving means the reduction or elimination of any liability of any Group Company to make an actual payment of corporation tax (at a time when the relevant Group Company is a member of the Buyer’s Tax Group) for which the Covenantors would not have been liable under paragraph 2, by the use of any Relief arising wholly as a result of a Tax Liability for which the Covenantors have made a payment under paragraph 2 of the Tax Schedule;
Saving the reduction or elimination of any liability of the Company and/or any member of the Buyer's Group, to make an actual payment of corporation tax for which the Sellers would not have been liable under paragraph 2 of this Tax Covenant, by the use of any Relief (not being a Buyer’s Relief) arising wholly as a result of a Tax Liability for which the Sellers have made a payment under paragraph 2 of this Tax Covenant;
Saving means the reduction or elimination of any liability of any Group Company to make an actual payment of Tax (at a time when the relevant Group Company is a member of the Buyer’s Group) by the use of any Relief arising wholly as a result of a liability for Tax in respect of which the Sellers have made a payment for a breach of a Tax Warranty, or Tax Covenant Claim or Separation Claim in respect of Tax as a result of such payment by the Sellers, but excluding any Relief which has already been taken into account in determining the amount payable by the Sellers for breach of the relevant Tax Warranty or Tax Covenant Claim or Separation Claim in respect of Tax, as the case may be;
Saving as defined in Section 2.18(d).
Saving means the reduction or elimination of any liability of any Target Company to make an actual payment of corporation tax in respect of which the Seller would not have been liable under paragraph 2 of this Schedule 5, by the use of any Relief arising wholly as a result of a Liability for Taxation in respect of which the Seller has made a payment under paragraph 2 of this Schedule 5;
Saving means the reduction or elimination of any liability of the Company to make an actual payment of Taxation in respect of which the Covenantors would not have been liable under Clause 2, or a right to a repayment of Taxation arising as a result of any Relief arising wholly as a result of a Liability for Taxation in respect of which the Covenantors are liable to make a payment under Clause 2 or the Event giving rise to that Liability for Taxation or the discharge of that Liability to Taxation.