Tax Retention definition

Tax Retention the sum of Ringgit Malaysia (RM ) only being the amount to be retained by the Vendor's Solicitors as stakeholders under Section 21B of the 1976 Act
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Tax Retention. The sum of two hundred and fifty thousand pounds (£250,000) to be paid into the Studios Retention Account by the Purchaser on Completion in accordance with Clause 4.4.3;
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Tax Retention means the amount to be retained from the consideration in accordance with clause 3.1(d) and dealt with in accordance with the provisions of clause 7;
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Examples of Tax Retention in a sentence

  • Semiconductor's liability under Section 3.1(a) with respect to any Tax shall be treated as having been paid to the extent of the amount set forth with respect to such Tax on the Tax Retention Schedule and retained by C-Cube pursuant to Section 4 hereof ("Tax Offset Amounts").

  • Any such payments shall be reflected appropriately on the Tax Retention Schedule.

  • Landlord hereby agrees to lease to Tenant, and Tenant hereby agrees to lease from Landlord, for the Term (as hereinafter defined), certain real property and other property located in ___________________ which is described in the attached Exhibit A (the "Property"), pursuant to the terms of a Lease Agreement (Tax Retention Operating Lease Agreement), between Landlord and Tenant dated December 1, 1995 (the "Lease").

  • As and when the Service Provider / Continuing Party submits the Tax Clearance Certificate (TCC) / Tax Retention Release Letter (TRRL) / No Objection Certificate (issued by the Kuwait Ministry of Finance) to Novartis, the 5% Retention amount will be released to the Service Provider / Continuing Party.

  • The Seller shall provide the Purchaser with information with respect to the calculation of the Tax Retention Amount, including the principles applied and methods used, within a reasonable period of time prior to Closing.

  • Landlord has leased to Tenant, and Tenant has leased from Landlord, for the Term (as hereinafter defined), certain real property and other property located in ________________, which is described in the attached Exhibit A (the "Property"), pursuant to the terms of a Lease Agreement (Tax Retention Operating Lease Agreement), between Landlord and Tenant dated December 1, 1995 (the "Lease") and a Lease Supplement No. _____ between Landlord and Tenant dated ______________ (the "Lease Supplement").

  • Neither Danka PLC nor any Subsidiary shall enter into any amendment, modification or waiver of the Tax Retention Operating Lease (other than the amendment contemplated by Section 5.1(b)) that would have an adverse effect on Danka PLC or any Subsidiary -------------- or the Banks.

  • The 2011 Estimated Profit comprises the sum of the 2011 Initial Profit Distribution, the 2011 Initial Tax Retention and the 2011 Deferred Profit Distribution.

  • Neither Danka PLC nor any Subsidiary shall enter into any amendment, modification or waiver of the Tax Retention Operating Lease that would have an adverse effect on Danka PLC or any Subsidiary or the Banks.

  • The aggregate amount payable to acquire the property subject to the Tax Retention Operating Leases and satisfy all of the Company's obligations thereunder in connection with such acquisition, pursuant to the exercise of the purchase option under Section 20.1A of each Tax Retention Operating Lease, will be approximately $49,046,034 on June 30, 2001.

Related to Tax Retention

  • Tax roll means a permanent record of the taxes charged on property, as

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Tax Regulatory Agreement means the Tax Regulatory Agreement, dated as of the date of initial issuance and delivery of the Bonds, among the Authority, the Borrower and the Trustee, and any amendments and supplements thereto.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).