UK Assets definition
Examples of UK Assets in a sentence
The Purchased Assets and the assets owned by the UK Company, together with the Other Agreements and the Excluded Assets and the Excluded UK Assets, constitute all of the assets, properties, agreements, licenses, rights and properties which are necessary to enable Purchaser to conduct the Business after the Closing in substantially the same manner as the Business has been conducted prior to the Closing.
If non UK Assets are allocated to the Asset Account, We will not reclaim any withholding tax deducted on the income.
Except as set forth in the foregoing proviso, all sales, use, transfer, stamp, conveyance, value added or other similar taxes, duties, excises or governmental charges imposed by any taxing jurisdiction, domestic or foreign, and all recording or filing fees, notarial fees and other similar costs with respect to the Transfer of the Shares, the US Assets, the UK Assets and the German Assets will be borne by the Purchaser.
From the date hereof through the Closing, unless otherwise consented in writing by Purchaser in its sole discretion, Seller shall, and shall cause the UK Company to, conduct its business in the usual and ordinary course consistent with past practice and substantially as conducted at the date hereof, provided, however, that Seller shall be permitted to cause and shall cause Sequa UK and the UK Company to transfer the Excluded UK Assets to a designated Affiliate of Seller prior to the Closing.
The Capital Goods Scheme in Part XV of the Value Added Tax Regulations 1995 (SI 1995/2518) does not apply to any of the EasyLink UK Assets.