Tax Change Event definition

Tax Change Event means: ‘Terrorism Event’ means:
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Tax Change Event means that, as a result of:
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Tax Change Event means any event whereby the Fund, at any time, is required by law to make withholdings or deductions on payments to be carried out under the Notes; as well as any present or future taxes, withholdings or charges, whatever their nature, that are determined by any applicable legal system or any country with competent jurisdiction or by or on behalf a subdivision political or government agency with authority to establish taxes.
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Examples of Tax Change Event in a sentence

  • Issuer Tax Change Event means that, on or after the Deemed Date of Allotment of the Debentures, the imposition of any withholding or deduction on any payments in respect of the Debentures by or on behalf of the Issuer if such withholding or deduction is required by law.

  • Despite objections, there seems to be room to compromise on how the accountancy disciplines would form the basis of a horizontal discipline applying to the legal services sector.272 iii.

  • The Originator will have the option to repurchase at its own discretion all outstanding Receivables and hence instruct the Management Company to carry out an Early Redemption for the entire issue of the Notes in whole (but not in part) if a Clean-up Call event, Regulatory Change Event or Tax Change Event occurs subject to certain conditions as set forth in section 4.4.3.2 of the Registration Document.

  • Permitted Tax Pass Through Amount, in respect of a Tax Change Event, means the increase in costs that PNG Ports has incurred or is likely to incur over the term of this Contract (as calculated by PNG Ports under clause 4.2(a) or by the Regulator under clause 4.2(c), as appropriate) in supplying an Regulated Service as a result of the occurrence of the Tax Change Event.

  • This clause 14 does not apply in respect of any Regulatory Change Event or Tax Change Event to the extent it is also a Specific Pass Through Event.

  • If a Negative Tax Change Event occurs, the Regulator may require PNG Ports to pass through to Customers an aggregate amount (Negative Tax Pass Through Amount) that is not greater than the Required Tax Pass Through Amount (as determined by the Regulator) in respect of that Tax Change Event.

  • Issuer Tax Change Event means that, on or after the Deemed Date of Allotment of the Debentures, the imposition of any withholding or deduction on any payments in respect of the Debentures by or on beh alf of the Issuer if such withholding or d eduction is required by law.

  • Following any Tax Change Event and/or the Rate Event occurring, the Company will be entitled to voluntarily redeem all of the Preference Shares at the Redemption Amount.

  • It is in RSPs and in end-users‟ legitimate interests to understand when maximum price changes can occur.Third, there is no clarity on the methodology to be applied by NBN Co in determining the impact on it of a Tax Change Event and how this will be passed through to service charge increases.


More Definitions of Tax Change Event

Tax Change Event means that, as a result of any amendment in the SA Tax Act (including, without limitation, the replacement of SA Tax Act with different legislation), which occurs after the Tax Reference Date, the Preference Dividends become subject to any SA Tax, (other than the Dividends Tax or any other withholding Tax imposed under any law of the Republic of South Africa) in the hands of all the SA Corporates who are Resident Beneficiaries of any Preference Shares. For clarity, it is specifically recorded that no Tax Change Event shall occur if any amendment envisaged in this 9.1.54 of this Memorandum occurs, but the effect of such amendment is to subject Resident Beneficiaries who are not SA Corporates to the applicable Tax;
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Tax Change Event means any event on or after the Date of Incorporation in which the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, current or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable system of law or in any country which claims fiscal jurisdiction by, or for the account of, any political subdivision thereof or government agency therein authorised to levy taxes.
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Tax Change Event means any amendment in the Income Tax Act (including, without limitation, the replacement of Income Tax Act with different legislation), which occurs after the date on which this clause 40 is incorporated into the Company’s MOI, as a result of which the Preference Dividends become subject to any SA Tax (other than Dividends Tax or any other withholding Tax imposed under any law of South Africa) in the hands of SA Corporates. For clarity, it is specifically recorded that no Tax Change Event shall occur if (i) any amendment envisaged in this clause 40.1.47 occurs, but (ii) the effect of such amendment is to subject only Resident Beneficiaries (excluding South African trusts to the extent that the beneficiaries of such trusts include SA Corporates) who are not SA Corporates only to the applicable Tax;
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Tax Change Event means: a change in (or change in application or official interpretation of) a Relevant Tax or the way in which a Relevant Tax is calculated;
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Tax Change Event means any event after the Date of Incorporation derived from changes in relevant taxation law and accounting provisions and/or regulation (or official interpretation of that taxation law and accounting provisions and/or regulation by authorities) as a consequence of which the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, any present or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable legal system or in any country with competent jurisdiction, or for the account of, any political subdivision thereof or government agency authorised to levy taxes, that materially affects the allocation of benefits among the parties of the transaction.
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Tax Change Event means: ‘Terrorism Event’ means: ‘Retailer Insolvency Event’ has the meaning set out in the National Gas Rules as in force from time to time, except that:
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Related to Tax Change Event

  • Change Event means any merger, de-merger, amalgamation, consolidation, reorganization, joint operation or service arrangement, corporate restructuring or any other business arrangement involving the DTH Operator or any change of control or change in the management or acquisition of majority stake or controlling stake of the DTH Operator or acquisition by the DTH Operator of a majority stake or a controlling stake in any other entity or selling the whole or a substantial portion of the DTH Operator’s assets and/ or purchasing the whole or a substantial portion of the assets of another entity.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Exchange Event means with respect to any Global Registered Receipt:

  • Share Exchange Event shall have the meaning specified in Section 14.07(a).

  • Change in Control Transaction means the occurrence of any of the following events:

  • Control Transaction means the acquisition by a person or group of the status of a controlling person.[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • Change in Control Date means the date on which a Change in Control occurs.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Sale Event means (i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to such transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction, (iii) the sale of all of the Stock of the Company to an unrelated person, entity or group thereof acting in concert, or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such transaction do not own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company.

  • Section 13 Event means any event described in clauses (x), (y) or (z) of Section 13(a) hereof.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Terminating Event means any of the following events:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Flip-Over Event means any event described in clause (x), (y) or (z) of Section 13(a) hereof.

  • Fundamental Change Effective Date means the date on which any Fundamental Change becomes effective.

  • Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).