surrendering company definition

surrendering company means a company which incurs a trading loss and surrenders that loss to another company for the purpose of group relief;
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surrendering company means a company which suffers a trading loss and surrenders this loss to another company for the purposes of group relief;
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surrendering company means the company that has the losses or other amounts, and
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Examples of surrendering company in a sentence

  • If more than one Surrendering Company makes an offer to surrender any Available Loss in respect of an Accounting Period of the Company such offers shall be accepted by the Company in such priority and order as may be specified in writing by the Seller.

  • Where any Claimant Company or Surrendering Company is not a party to this Agreement, the party which is a member of the same group of companies as the Claimant Company or Surrendering Company shall procure that the Claimant Company or Surrendering Company shall take all steps contemplated by this Clause 13 as if the Claimant Company or Surrendering Company were a party to this Agreement.

  • If the Inland Revenue does not accept any particular surrender of Group Relief whether in whole or in part, then the Claimant Company may take, and direct the Surrendering Company to take, such action as may be reasonable with a view to establishing to the satisfaction of the Inland Revenue that such Group Relief has been validly surrendered and claimed.

  • Where any Surrendering Company is not a party to this Agreement, the party which is a member of the same group of companies as to Surrendering Company shall procure that the Surrendering Company shall take all steps contemplated by this Article XV as if the Surrendering Company were a party to this Agreement.


More Definitions of surrendering company

surrendering company means the company that is “the surrendering company” (as defined in section 402(1) ICTA 1988) in respect of an amount surrendered in accordance with this Article XV;
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Related to surrendering company

  • Surrender when used with respect to American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares.

  • Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

  • Exchange Area means an area, defined by the Commission, for which a distinct local rate schedule is in effect.

  • registered premises means a location that is licensed pursuant to this chapter and includes:

  • Registered private provider means a nonpublic school or entity registered with the superintendent of public instruction under section 3310.41 of the Revised Code to participate in the autism scholarship program or section 3310.58 of the Revised Code to participate in the Jon Peterson special needs scholarship program.

  • Building Envelope means the integrated elements of a building which separate its interior from the outdoor environment;

  • Stock Certificate With respect to a Cooperative Loan, a certificate evidencing ownership of the Cooperative Shares issued by the Cooperative.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • Surface owner means any person who holds record title to the surface of the land as an owner.

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • certificated share means a share which is not an uncertificated share and references in these articles to a share being held in certificated form shall be construed accordingly;

  • Book-Entry Only System means the book-based securities transfer system administered by CDS in accordance with its operating rules and procedures in force from time to time;

  • CAFRA Centers, Cores or Nodes means those areas with boundaries incorporated by reference or revised by the Department in accordance with N.J.A.C. 7:7-13.16.

  • Owner means the person in whose name American Depositary Shares are registered on the books of the Depositary maintained for that purpose.

  • Exchange Agent has the meaning set forth in Section 3.02(a).

  • Cooperative Stock Certificate With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock.

  • Company Stock Certificate shall have the meaning set forth in Section 1.6.

  • Ownership Certificate An equity certificate representing a 100% undivided beneficial ownership interest in the Trust, substantially in the form attached as part of Exhibit A to the Trust Agreement.

  • Book Entry means an uncertificated book entry for the Common Stock.

  • Acquiring Corporation means (i) the continuing or surviving person of a consolidation or merger with Issuer (if other than Issuer), (ii) the acquiring person in a plan of exchange in which Issuer is acquired, (iii) the Issuer in a merger or plan of exchange in which Issuer is the continuing or surviving or acquiring person, and (iv) the transferee of all or a substantial part of Issuer's assets or deposits (or the assets or deposits of the Issuer Subsidiary).

  • Non-Book-Entry Certificate Any Certificate other than a Book-Entry Certificate.

  • Book-Entry Certificate Any Certificate registered in the name of the Depository or its nominee.

  • Book-Entry Share has the meaning set forth in Section 2.01(c).

  • Book-Entry Certificates As specified in the Preliminary Statement.

  • Book Entry Only Warrants means Warrants that are to be held only by or on behalf of the Depository;