Tax Considerations definition

Tax Considerations. See “Taxation” for a description of certain tax considerations applicable to the Certificates. Listing and Admission to Trading: Application has been made to the Irish Stock Exchange for the Certificates to be admitted to the Official List and for such Certificates to be admitted to trading on the Main Securities Market. Application has also been made to the DFSA for the Certificates to be admitted to the official list of securities maintained by the DFSA and to NASDAQ Dubai for such Certificates to be admitted to trading on NASDAQ Dubai.

Tax Considerations has the meaning set out in clause 10.4.2;

Tax Considerations. See "Taxation" for a description of certain tax considerations applicable to the Certificates. Listing and Admission to Trading: Application has been made to Euronext Dublin for the Certificates to be admitted to listing on the Official List and to trading on the Main Securities Market.

Examples of Tax Considerations in a sentence

• The descriptions of federal income tax consequences appearing under the headings "Certain Federal Income Tax Consequences" in the Prospectus and "Federal Income Tax Considerations" in the Prospectus Supplement accurately describe the material federal income tax consequences to holders of the Certificates, under existing law and subject to the qualifications and assumptions stated therein.

• Subject to an exemption discussed in “U.S. Federal Income Tax Considerations – Gross Income Tests – Interest Income,” if the outstanding principal balance of a mortgage loan during the taxable year exceeds the deemed value of the real property securing the loan at the time we committed to acquire the loan, a portion of the interest accrued during the year will not be qualifying mortgage interest for the 75% income test and a portion of such loan likely will not be a qualifying real estate asset.

• We hereby consent to the filing of this letter and to the references to this firm under the headings "Legal Matters" and "Material Federal Income Tax Considerations" in the Base Prospectus and Prospectus Supplement, without implying or admitting that we are "experts" within the meaning of the Securities Act or the rules and regulations of the Commission issued thereunder, with respect to any part of the Base Prospectus or the Prospectus Supplement.

• The statements contained under the caption "Material Federal Income Tax Considerations" in the Base Prospectus as supplemented by the Prospectus Supplement, insofar as such statements constitute conclusions of law, are true and correct in all material respects as set forth therein.

• Based on the foregoing, and subject to the limitations, qualifications and assumptions set forth herein, the discussion set forth in the Retail Prospectus Supplement under the heading "Material United States Federal Income Tax Considerations," to the extent describing matters of United States federal income tax law or legal conclusions with respect thereto, is our opinion.

More Definitions of Tax Considerations

Tax Considerations. The parties will cooperate in good faith in structuring the transactions contemplated herein to reflect their respective tax, accounting, Senior Debt-related and other related considerations.

Tax Considerations. There are tax rules that apply to IRA and other qualified contracts during both the Accumulation Period and Annuity Period governing distributions upon the death of the Owner. These rules are contained in provisions in the attached endorsements and supersede any other distribution rules contained in the Contract. The preceding provisions regarding the death of the Owner are intended to satisfy the distribution at death requirements of section 72(s) of the Internal Revenue Code of 1986, as amended. We reserve the right to amend this Contract by subsequent endorsement as necessary to comply with applicable tax requirements, if any, which are subject to change from time to time. Such additional endorsements, if necessary to comply with amended tax requirements, will be mailed to you and become effective within 30 days of mailing, unless you notify us in writing, within that time frame, that you reject the endorsement. If the Internal Revenue Service determines that the deductions for one or more benefits under this Contract, including, without limitation, the GMDB feature and any optional benefit added by endorsement, are taxable withdrawals, then the sole or surviving Owner may cancel the affected benefit(s) within 90 days after written notice from us.

Tax Considerations. The Exchange Shares issued in the Exchange to be issued solely in exchange for the Shares, and no other transaction shall be an adjustment to the consideration between the parties to this Agreement for the transactions contemplated hereby. Further, no consideration which would constitute "other property" within the meaning of the Income Tax Act of Canada is being transferred by the parties as consideration pursuant to this Agreement. The parties shall not take a position on any tax return or before any taxing authority that is inconsistent with this Section 1.10, unless otherwise required by a final and binding judicial or governmental determination of competent jurisdiction. Each party herein will promptly notify the other party, as provided by this Agreement in Section 4.3.10, of any determination by a taxing authority of a position that is inconsistent with this Section.

Tax Considerations. As used in this Section, "Tax Return" means any return, report, claim for refund, or information return or statement relating to Taxes required to be filed by the Company with any governmental body, including any schedule or attachment thereto, and including any amendment thereof, and "Taxes," means any and all federal, state, foreign and local income, sales, use, franchise, excise, real and personal property, employment (including FICA and other payroll) or any other tax liabilities or similar charges of every kind and nature (including, without limitation, any penalties and/or interest) of or incurred by the Company. APSC shall file and be solely responsible for all Tax Returns required by law to be filed for all periods ending on or before close of business on October 31, 2002 ("Pre-Transition Tax Returns") and all Taxes pursuant to any Pre-Transition Tax Return. Purchaser shall file all Tax Returns required by law to be filed for all periods ending after close of business on October 31, 2002, even if such period includes such date or times prior to such date ("Post-Transition Tax Returns") and all Taxes pursuant to any Post-Transition Tax Return to the extent such Taxes are not attributable to the operations of the Company prior to such date. Despite Purchaser's preparation of any Post-Transition Tax Return, APSC is solely responsible for all Taxes attributable to the operations of the Company before close of business on October 31, 2002. Each of APSC and Purchaser is entitled to receive notice of and participate in any proceeding concerning any actual or alleged Taxes for which it is responsible under to this Section. Each of the parties to this Agreement acknowledge the existence of a tax sharing agreement between the Company and APSC (or an affiliate of APSC) (the "Tax Sharing Agreement"). The parties agree that the Tax Sharing Agreement will terminate as a result of this Agreement, and that the terms and effect of the Tax Sharing Agreement shall be construed in a manner consistent with the provisions of this Section.

Tax Considerations. This Policy is intended to qualify as life insurance for tax purposes and is designed to meet the requirements of Sections 101 and 7702 of the Code, as they existed on the Issue Date. If the Death Benefit is based on the applicable factor shown on the Policy Schedule, the Company in its sole discretion may refund all or a portion of the Cash Value which causes the Death Benefit to be based on such applicable factor. This Policy may be purchased as a modified endowment contract. Distributions from modified endowment contracts are subject to different taxation rules than distributions from a life insurance Policy that is not a modified endowment contract. If the Policy is not a modified endowment contract when issued, the payment of excess Premium or a material change in the benefits or terms of the contract, as outlined in Section 7702A of the Code, may cause the Policy to be treated as a new contract and may cause the Policy to become a modified endowment contract. Nothing in this Policy is to be construed as the giving of tax advice.

Tax Considerations. This Policy is intended to qualify as life insurance for tax purposes and is designed to meet the requirements of Section 7702 of the Code, as in effect on the Issue Date. The Company will refund the excess of any Premium payment made over the maximum amount that could be paid without disqualifying this Policy as life insurance under Section 7702 of the Code. This Policy may be purchased as a modified endowment contract. Distributions from modified endowment contracts are subject to different taxation rules than distributions from a life insurance Policy that is not a modified endowment contract. If the Policy is not a modified endowment contract when issued, the payment of excess Premium or a material change in the benefits or terms of the contract, as outlined in Section 7702A of the Code, may cause the Policy to be treated as a new contract and may cause the Policy to become a modified endowment contract. Nothing in this Policy is to be construed as the giving of tax advice.

Tax Considerations and "Settlement on Delivery," in each case, fairly summarize such legal and regulatory matters, documents and proceedings in all material aspects as they are relevant to purchasers of ADSs.