VAT Claim definition

VAT Claim means TFM's claim against the Mexican Treasury for the refund of a value added tax payment in the original principal amount of 2,111,111,790 pesos.

VAT Claim means a Tax Claim in respect of VAT;

VAT Claim means the Company’s claim for a refund, credit or other payment of amounts of value added tax previously paid by the Company to Mexico.

Examples of VAT Claim in a sentence

• As part of the services to be performed under the Consulting Agreement, Consultant shall have the right to, and shall, manage the negotiation, prosecution and settlement of the VAT Claim and any extensions or other modifications of the obligations under the Put.

• If the VAT Payment exceeds the Put Purchase Price as calculated on the date that the VAT Payment is received, KCS shall pay or cause TFM to pay to TMM within 90 days after the VAT Payment and Final Resolution of the VAT Claim the first $25,000,000 received above the Put Purchase Price, and 15% of any additional amount received above the Put Purchase Price beyond the first $25,000,000 (but such 15% payment shall not exceed $50,000,000).

• If said VAT Claim is collected in whole or in part by the UTE or the UTE’s operator, the Purchase Price shall increase in a dollar-denominated amount equal to the aggregate amounts collected by the Company in its capacity as member of the UTE, either directly or indirectly, or through its 50.0769% share, and the Purchasers shall pay said amount within five (5) days next following collection thereof.

• TMM, TMMH and MM, hereby release KCS, its Affiliates, officers, directors, agents and attorneys-in-fact from any and all claims, liabilities and obligations arising out of or in connection with the negotiations or settlement with the Federal Government of the UMS with respect to the VAT Claim and Put, except for any breach of the obligation to pay the VAT Contingency Payment pursuant to Section 7.13(a) or any breach of its obligations under this Section 7.13(b).

• In this regard, Purchasers shall take and instruct the UTE’s operator to take all necessary steps in seeking collection of said VAT Claim, either through administrative and/or out-of-court and/or court proceedings, until effective and full payment thereof.

More Definitions of VAT Claim

VAT Claim means any assessment, notice, demand, letter or other document issued or action taken by or on behalf of any Tax Authority from which it appears that any VAT Indemnified Person is or may be subject to a VAT liability (including interest and penalties) for which the VAT Indemnifying Persons are or may be liable under Clause 6.1;

VAT Claim means any claim or future claims that the Assignor has or may have to any repayment or refund in respect of input or output VAT together with all claims for related interest and repayment supplement from HM Revenue & Customs (or any equivalent tax authority outside the United Kingdom) which relate to periods arising up to and including 31 March 2015 and which arise pursuant to the VAT Act or any statutory instrument relating to VAT and the EC Directive 2006/112/EC (including for the avoidance of doubt section(s) 33,35, 79 and 80 of the VAT Act (or any equivalent Act enacted outside the United Kingdom) and regulations 29 and 35 of the Value Added Tax Regulations 1995);

VAT Claim shall have the meaning set forth in Section 1.04 of the Agreement.

VAT Claim means (a) the claims set out in Schedule 6 (and any subsequent appeal of such claims or part of such claims) lodged by PricewaterhouseCoopers LLP on behalf of the Group Companies as well as Lil-Lets UK Limited and Xxxxx and Nephew Limited with H.M. Revenue & Customs on 31 March 2009 to reclaim overpaid VAT (including interest) in relation to sales promotions, business entertainment, marketing expenditure and car-fleet bonus payments in connection with the activities of the Group Companies as well as Lil-Lets UK Limited and Xxxxx and Nephew Limited and (b) Claim No. HC09C04047 of the High Court of England and Wales which was issued on 26 October 2009;

VAT Claim means a claim asserted by the Buyer in respect of, or arising in connection with a Third Party Claim caused by, a violation of any of the VAT Representations.

VAT Claim means a claim against the Seller for breach of or under Clause 7.3.2; “Vendor Model” means the financial model produced for the purposes of the NGGH Transfer and contained in the Data Room (document 27.1.2.3); “Voting Power of Attorney” means the power of attorney in the Agreed Form to be executed by the Seller in favour of XxxX MidCo to enable XxxX MidCo (pending registration of the

VAT Claim means any correspondence or dispute or potential dispute with (or claim by) HM Revenue & Customs as to (i) whether VAT or insurance premium tax should have been (or should be) accounted for in connection with any amount paid to the Company by its customers in order to reduce the excess which applies to them in the event of certain accidents and (ii) the quantum of any liability arising in respect of the same.