STC Credit definition

STC Credit means an amount determined in terms of section 64J(2).
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STC Credit means in relation to any Preference Dividend which the Company declares in respect of any Preference Share, the amount which the Holder of that Preference Share is entitled to deduct pursuant to section 64B(3) of the Tax Act, from the dividends declared by it in order to determine the “net amount” in terms of section 64B(2) of the Tax Act on which STC is levied on such dividends payable;
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STC Credit means an amount determined in terms of section 64J(2) of the Income Tax Act.
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Examples of STC Credit in a sentence

  • The potential tax benefit related to excess dividends received is carried forward to the next dividend cycle as an STC credit.

  • Document obtained by the FIDH mission from the Ministry of Labour and Social Protection, June 2009.

  • This increase of STC credits will be possible only if the company paying the dividend has provided the recipient shareholder of the dividend with prior written notice of the amount by which its STC credit has been allocated to that shareholder (otherwise the STC credits are simply lost).

  • The potential tax benefit related to excess dividends received was carried forward to the next dividend cycle as an STC credit.

  • II0.5P.E.0.5P.E.0.5Health0.5Program Electives (at STC)3Program ElectivesFree Elective(s)1 0.5 – 1 7 7Grade 12 Grade 12 STC credit creditMathematics1English IV1English IV1Gen.

  • Agencies that wish to request STC credit for corrections-related training certified by POST, must apply for STC credit using either the Special Certification or WRE procedure.

  • An STC credit is essentially a dividend received by a company which has already been subject to STC, the tax predecessor of DWT, leviable on companies, not individuals.

  • The potential tax benefit related to excess dividends is carried forward to the next dividend cycle as an STC credit.

  • In fact, the year of 2015 witnessed the slowest growth of Chinese economy in the recent decade.

  • The potential tax benefit related to excess dividends received is carried forward to the next dividends cycle as an STC credit.


More Definitions of STC Credit

STC Credit means an "STC credit" as defined (as at the Tax Reference Date) in section 64J of the Tax Act;
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STC Credit means the amount of dividends accrued to RMB as holder of the Preference Shares and that are permitted to be deducted from the amount of dividends declared by RMB for the purposes of determining the net amount for the purposes of section 64B(2) of the Income Tax Act on which STC is levied on such dividends declared;
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STC Credit means, for so long as STC is levied in terms of the Income Tax Act, the amount of dividends accrued to the Preference Shareholder in respect of a Preference Share that are permitted to be deducted from the amount of dividends declared by the Preference Shareholder for the purposes of determining the net amount for the purposes of section 64B(2) of the Income Tax Act on which STC is levied on such dividends declared;
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Related to STC Credit

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • New Credit Facility is defined in Section 9.8.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Company Credit Agreement means that certain Credit Agreement, dated as of January 28, 2019, by and between the Company, the lenders party thereto from time to time and SunTrust Bank, as administrative agent for the revolving lenders and as collateral agent for the secured parties thereunder.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • LC means Letter of Credit

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Letter of Credit Limit means $5,000,000.