VAT Credit definition

VAT Credit has the meaning set forth in Section 10.13 (VAT Credits).

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VAT Credit has the meaning set forth in Article 14.2.

VAT Credit means any credit, offset or receivable arising out of a payment of VAT where either (i) such VAT was imposed on a Separation Transaction, (ii) Remainco or a member of the Remainco Group pays such VAT, or (iii) liability for such VAT is allocated to Remainco under this Agreement.

Examples of VAT Credit in a sentence

In the event that a member of the Spinco Group realizes a Tax Benefit arising from a VAT Credit in a Post-Distribution Period, Spinco shall make a payment to Remainco of the amount of such Tax Benefit within 30 Business Days.
In the event that Seattle recognizes a Tax Benefit arising from a VAT Credit in a Post-Distribution Period, Seattle shall make a payment to Houston of the amount of such Tax Benefit within 30 Business Days.
CENVAT Credit / VAT Credit, legally becomes available due to Change in Law (alongwith details of disclosure as per clause 15.8.7 below).
The Borrower must execute the VAT Credit Agreement prior to the date of the First Drawdown and must deliver to the Agent, within 10 (ten) Business Days following the date of its execution, a certified copy of the VAT Credit Agreement and all the documents concluded in relation thereto.
If such a dispute is raised, then the finally determined version of the VAT Statement shall be used to determine the relevant Notional VAT Liability or Notional VAT Credit (rather than the version of the VAT Statement provided by the Seller).

More Definitions of VAT Credit

VAT Credit means any credit, offset or receivable arising out of a payment of VAT where liability for such VAT is allocated to Houston under this Agreement (and is actually paid by Houston), excluding such credits, offsets or receivables to the extent such amounts are taken into account in computing amounts payable pursuant to Section 2.10 of the Separation and Distribution Agreement.

VAT Credit means any credit, offset or receivable arising out of a payment of VAT where liability for such VAT is allocated to the Medtronic under this Agreement.

VAT Credit is defined in Section 25 of that Act) under Sections 25 and 26 of that Act for the "prescribed accounting period" (as that expression is used in Sub-Section 25(1) of that Act) in relation to Value Added Tax

VAT Credit means any credit, offset or receivable arising out of a payment of VAT.

VAT Credit means the excess of output VAT available to the Company to be either set-off or asked for refund.

VAT Credit means any credit that the Pledgor might have against the relevant VAT authorities

VAT Credit means the excess of output VAT available to the Company to be either set-off or asked for refund.