Tax Reduction Agreement definition

Tax Reduction Agreement means (1) any Fee-in-Lieu-of-Tax Agreement as defined on Exhibit M of Borrower or its Subsidiaries as permitted under applicable state or municipal law or any other arrangement providing similar benefits; or (2) any Cross Border Lease Agreement (as defined on Exhibit N) which is designed to permit depreciation of the same property to be claimed under the tax laws of two different countries.
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Tax Reduction Agreement means an agreement entered into between the Company or a Restricted Subsidiary with a local Governmental Authority relating to the transfer or acquisition of an asset for the purpose of obtaining tax relief; provided that the Company or such Restricted Subsidiary may at any time repossess such asset for nominal net consideration; and provided, further, that such agreements may also be similar to those currently in effect between the Company and Darlington and Florence Counties in South Carolina; provided, further, that if the agreement relates to personal property that constitutes or would constitute Collateral, then the Company shall provide the Administrative Agent the documentation required by Section 3.1(m) (or, to the extent such property could constitute Mortgaged Property, appropriate documentation pursuant to Section 3.1(n)), as well as an acknowledgment or consent from the relevant Governmental Authority that the Lenders have a perfected Lien in such Collateral senior to any Lien purported to be granted in favor of such Governmental Authority.
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Tax Reduction Agreement means an agreement entered into between Xxxxxxx or any of its Subsidiaries with a local Governmental Authority relating to the transfer or acquisition of an asset for the purpose of obtaining tax relief; PROVIDED that Xxxxxxx or such Subsidiary may at any time repossess such asset for nominal net consideration; and PROVIDED, further, that such agreements may also be similar to those currently in effect between Xxxxxxx or certain Subsidiary Guarantors and Darlington and Florence Counties in South Carolina.
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More Definitions of Tax Reduction Agreement

Tax Reduction Agreement means (1) any Fee-in-Lieu-of-Tax Agreement (as defined on Exhibit 1 to that certain Amendment to Loan Agreement and Guaranty among Borrower, Prince and the Banks named therein dated as of September 22, 1998 (the "Amendment") attached hereto and made a part hereof) of Borrower or its Subsidiaries as permitted under applicable state or municipal law or any other arrangement providing similar benefits; or (2) any Cross Border Lease Agreement (as defined on Exhibit 2 to the Amendment attached hereto and made a part hereof) which is designed to permit depreciation of the same property to be claimed under the tax laws of two different countries.
Sample 1
Tax Reduction Agreement means an agreement entered into between Wxxxxxx or any of its Subsidiaries with a local Governmental Authority relating to the transfer or acquisition of an asset for the purpose of obtaining tax relief; provided that Wxxxxxx or such Subsidiary may at any time repossess such asset for nominal net consideration; and provided, further, that such agreements may also be similar to those currently in effect between Wxxxxxx or certain Subsidiary Guarantors and Darlington and Florence Counties in South Carolina.
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Tax Reduction Agreement means an agreement or arrangement setting forth a the terms of a Tax Holiday or other Tax incentive provided by a Governmental Body to a particular taxpayer.
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Related to Tax Reduction Agreement

  • Allocation Agreement or “Agreement” shall mean this NMTC Program Allocation Agreement between the Fund and the Allocatee and Subsidiary Allocatee, as the case may be, including the Organization Specific Terms and Conditions (Schedule 1) and the General Allocation Terms and Conditions (Schedule 2) and any attachments hereto, as such Agreement may, from time to time, be amended in accordance with its terms.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Sharing Agreement means a local marketing, joint sales, shared services or similar Contract.

  • Designation Agreement means a designation agreement entered into by a Lender (other than a Designated Bidder) and a Designated Bidder, and accepted by the Agent, in substantially the form of Exhibit D hereto.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Election Agreement means an agreement in the form that the Company may designate from time to time that is consistent with the terms of the Plan.

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Tax Sharing Agreement means any existing agreement binding any Person or any of its Subsidiaries that provides for the allocation, apportionment, sharing or assignment of any Tax liability or benefit, or the transfer or assignment of income, revenues, receipts, or gains for the purpose of determining any Person’s Tax liability, other than agreements entered into in the ordinary course of business that do not have as a principal purpose addressing Tax matters.

  • the First Variation Agreement means the agreement a copy of which is set out in Schedule 2.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Variation Agreement means the agreement a copy of which is set out in Schedule 2;

  • Termination Letter has the meaning specified in Section 2.17(b).

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Payment Agreement means a written agreement which provides

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Delegation Agreement means any separate agreement entered into between the Custodian and the Fund or its authorized representative with respect to certain matters concerning the appointment and administration of Subcustodians delegated to the Custodian pursuant to Rule 17f-5 under the 1940 Act.

  • Netting Agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.