UK Qualifying Bank definition

UK Qualifying Bank means a Bank which is beneficially entitled to interest payable to that Bank in respect of any Loan or other Loan Document Obligation and is:
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UK Qualifying Bank means a bank, trust or other financial institution which (i) is a "bank" as defined in Section 840A of the Income and Corporation Taxes Act 1988 (or any statutory re-enactment or modification thereof in substantially the same form and context as at June 21, 1996) which is within the charge to United Kingdom corporation tax as regards interest payable or paid to it in respect of Sterling Loans under this Agreement; or (ii) if at any time Section 349 or Section 840A of the Income and Corporation Taxes Act 1988 (or a statutory re-enactment or modification thereof, in substantially the same form and context as at the date hereof) shall not at any time continue in full force and effect, is a bank carrying on through its Sterling Lending Office (as defined in the definition of "Lending Office") for the purposes of this Agreement a bona fide banking business in the United Kingdom which is within the charge to United Kingdom corporation tax as regards any interest payable or paid to it in respect of Sterling Loans under this Agreement.
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UK Qualifying Bank means any Bank (or proposed Eligible Transferee) which:
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Examples of UK Qualifying Bank in a sentence

  • Each Recipient agrees that if any certification it previously delivered pursuant to this Section 2.22(b) becomes obsolete or inaccurate in any respect, it shall update such certification or promptly notify the Borrowers and the Agent in writing of its legal inability to remain a UK Qualifying Bank or a UK Treaty Bank, as the case may be.

  • If any Bank fails to indicate its status by written certification to the Agent in accordance with this Section 2.22(b), then such Bank shall be treated for the purposes of this Agreement (including by the UK Borrower) as if it is not a UK Qualifying Bank until such time as it indicates its status by written certification to the Agent in accordance with this Section 2.22(b) (and the Agent, upon receipt of such certification, shall inform the UK Borrower).

  • Each Lender hereby agrees to book the Sterling Loans of such Lender in such a manner as to cause such Lender to be a U.K. Qualifying Bank with respect to such Sterling Loans.

  • Borrower shall be required to pay any additional amount to any Lender under clause (c) of subsection 2.7B(ii) in respect of deductions or withholdings of income or similar taxes imposed by the Xxxxxx Xxxxxxx with respect to payments by such U.K. Borrower which would not have been imposed on such payment if the Lender to which such payment was made was at the date of payment a U.K. Qualifying Bank and was beneficially entitled to the interest.

  • Borrower shall be required to pay any additional amount to any Lender under clause (c) of subsection 2.7B(ii) in respect of deductions or withholdings of income or similar taxes imposed by the United Kingdom with respect to payments by such U.K. Borrower which would not have been imposed on such payment if the Lender to which such payment was made was at the date of payment a U.K. Qualifying Bank and was beneficially entitled to the interest.


More Definitions of UK Qualifying Bank

UK Qualifying Bank means a Bank which is beneficially entitled to interest payable to that Bank in respect of an advance under a Finance Document and is: (1) a Bank: (a) which is a bank (as defined for the purpose of section 879 of the United Kingdom Income Tax Act 2007) making an advance under a Finance Document and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance or would be within such charge as respects such payments apart from section 18A of the United Kingdom Corporation Tax Act 2009; or (b) in respect of an advance made under a Finance Document by a person that was a bank (as defined for the purpose of section 879 of the United Kingdom Income Tax Act 2007) at the time that that advance was made and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance; or (2) a UK Treaty Bank.
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UK Qualifying Bank means a Bank which is beneficially entitled to interest payable to that Bank in respect of an advance under a Finance Document and is:
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Related to UK Qualifying Bank

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

  • Irish Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under this Agreement and is:

  • Qualifying Bank means any legal entity which is recognized as a bank by the banking laws in force in its country of organization and which has as its principal purpose the active conduct of banking business and conducts such banking business through its own personnel (which have decision making authority) and on its own premises.

  • Identified Qualifying Lenders has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • New Qualifying Jobs means the total number of jobs to be created by the Applicant after the Application Approval Date in connection with the project that is the subject of its Application that meet the criteria of Qualifying Job as defined in Section 313.021(3) of the TEXAS TAX CODE and the Comptroller’s Rules.

  • New Non-Qualifying Jobs means the number of Non-Qualifying Jobs, as defined in 34 TEXAS ADMIN. CODE Section 9.1051(14), to be created by the Applicant after the Application Approval Date in connection with the project which is the subject of its Application.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Qualifying child means an individual who:

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Qualifying Loans has the meaning specified in Section 2.05(d)(iv).

  • Qualifying country means a country with a reciprocal defense procurement memorandum of understanding or international agreement with the United States in which both countries agree to remove barriers to purchases of supplies produced in the other country or services performed by sources of the other country, and the memorandum or agreement complies, where applicable, with the requirements of section 36 of the Arms Export Control Act (22 U.S.C. 2776) and with 10 U.S.C. 2457. Accordingly, the following are qualifying countries:

  • Non-Qualifying Party means any Borrower or any Guarantor that on the Eligibility Date fails for any reason to qualify as an Eligible Contract Participant.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Net Qualifying Capacity has the meaning set forth in the CAISO Tariff.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • the qualifying period means the period of 12 years immediately preceding the date of publication of the advertisements referred to in paragraph (A)(iv) above or of the first of the two advertisements to be published if they are published on different dates; and

  • Pre-Qualifying Criteria means the criteria set out in clause 27.3 of this Part C.

  • Qualifying Individual means an individual aged 18 years or over who is deemed to be resident in the UK for tax purposes. This includes a non-resident who performs duties which by virtue of Section 28 of the Income Tax (Earnings & Pensions) Act 2003 are treated as being performed in the UK (Crown employees serving overseas) or is married to, or is in a civil partnership with a person who performs such duties.

  • UK Treaty Lender means a Lender which:

  • qualifying holding means a direct or indirect holding in an undertaking which represents 10 % or more of the capital or of the voting rights or which makes it possible to exercise a significant influence over the management of that undertaking;

  • Qualified United States financial institution means an institution that:

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;