Withholding Event definition

Withholding Event means that a deduction or withholding for or on account of any tax is required by applicable law in respect of any payment under the Securities Lending Agreement. Costs of Termination If as a result of the termination of any Loan pursuant to any of the above paragraphs headed Termination following purchase of the Notes or the Notes becoming due and repayable, Termination following an Event of Default (in the absence of any outstanding Loan) or Termination following Tax Event or the termination of the Securities Lending Agreement (other than by reason of the occurrence of an Event of Default where Borrower is the Defaulting Party) pursuant to paragraph 8 (Events of Default) above a party (the “first party”) incurs any loss or expense in entering into replacement transactions or replacing or unwinding any hedging transactions, the other party shall be required to pay to the first party the amount determined by the first party in good faith to be equal to the loss or expense incurred in connection with such replacement transactions or such replacement or unwinding (including all fees, costs and other expenses) less the amount of any profit or gain made by that party in connection with such replacement transactions or such replacement or unwinding; provided that if that calculation results in a negative number, an amount equal to the absolute value of that number shall be payable by the first party to the other party. If an Event of Default has occurred where Lender is the Defaulting Party, the amount due from one party to the other as described above shall be subject to set-off as described in paragraph 8 (Events of Default) above. For the purpose of determining the costs of termination in accordance with the foregoing paragraph (and for no other purpose) a Securities Lending Fee shall be deemed to be payable by Borrower on the Securities Lending End Date.
Sample 1Sample 2Sample 3
Withholding Event means a General Withholding Event or a Scheme Withholding Event; and Works means in relation to each Firm Scheme all of the works (including the Start on Site Works, the design, infrastructure works and all other works necessary for obtaining access to the AHP Dwellings) (if any) to be undertaken in order to ensure that the AHP Dwellings meet the Submitted Standards and Strategic Objectives and are constructed, developed repaired, converted, refurbished and/or Rehabilitated (as applicable) in accordance with the Firm Scheme Details.
Sample 1Sample 2Sample 3
Withholding Event means an event related to an Award which results in the Participant being subject to taxation at the federal, state, local or foreign level.
Sample 1Sample 2Sample 3

Examples of Withholding Event in a sentence

  • In the event of the occurrence of a Scheme Withholding Event of the type described in sub-paragraph (b)(i), the Agency shall (subject to any agreed adjustment under the implementation of any adjustment16) be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient in relation to that Firm Scheme.

  • If Board withholds payment under an invoice, in whole or in part, as a result of a Withholding Event and Consultant subsequently corrects it, Board will endeavor to make payment to Consultant of the withheld amount within 10 Days of Board being notified of, and confirming, such correction.

  • In the event of the occurrence of a General Withholding Event of the type described in sub-paragraphs (a) (i-vi) and (ix), the Agency shall be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient under the Contract.

  • In the event of the occurrence of a Scheme Withholding Event of the type described in sub-paragraph (b) (iii), Homes England shall be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient in relation to that Firm Scheme and recover any capital grant already paid in relation to that scheme.

  • In the event of the occurrence of a General Withholding Event of the type described in sub-paragraphs (a) (vii and viii), the Agency shall be entitled to suspend payment of all capital grant allocated but as yet unpaid to the Grant Recipient under the Contract until the Grant Recipient has complied with the relevant obligation or taken satisfactory steps to remedy the relevant breach within (in each case) such timescale as the Agency shall reasonably require.

  • In the event of the occurrence of a Scheme Withholding Event of the type described in sub-paragraph (b) (iii), the Agency shall be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient in relation to that Firm Scheme and recover any capital grant already paid in relation to that scheme.

  • In the event of the occurrence of a General Withholding Event of the type described in sub-paragraphs (a) (vii and viii), Homes England shall be entitled to suspend payment of all capital grant allocated but as yet unpaid to the Grant Recipient under the Contract until the Grant Recipient has complied with the relevant obligation or taken satisfactory steps to remedy the relevant breach within (in each case) such timescale as Homes England shall reasonably require.

  • In the event of the occurrence of a Scheme Withholding Event of the type described in sub-paragraph (b)(i), Homes England shall (subject to any agreed adjustment under the implementation of any adjustment19) be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient in relation to that Firm Scheme.

  • In the event of the occurrence of a General Withholding Event of the type described in sub-paragraphs (a) (i-vi) and (ix-xi), Homes England shall be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid to the Grant Recipient under the Contract.

  • In the event of the occurrence of a General Withholding Event of the type described in sub-paragraphs (a) (i-vi) and (ix), the Agency shall be entitled permanently to withhold and reallocate all capital grant allocated but as yet unpaid under the Contract.


More Definitions of Withholding Event

Withholding Event shall have the meaning specified in subsection 10(b) of this Series Supplement.
Sample 1Sample 2Sample 3
Withholding Event means that a deduction or withholding for or on account of any tax is required by applicable law in respect of any payment under the Securities Lending Agreement. Costs of Termination With respect to the termination of any Loan pursuant to any of the above paragraphs headed Termination following purchase of the Notes or the Notes becoming due and repayable or Termination following Tax Event or the termination of the Securities Lending Agreement pursuant to paragraph 8 (Events of Default) above if a party (the “First Party”), in entering into replacement transactions or replacing or unwinding any hedging transactions which have been entered into in connection with hedging the risk related to the Securities Lending Agreement:
Sample 1Sample 2Sample 3
Withholding Event means that a deduction or withholding for or on account of any tax is required by applicable law in respect of any payment under the Securities Lending Agreement.
Sample 1Sample 2Sample 3
Withholding Event means the vesting of restricted stock units or other awards issued under the Plan, or any other event, that gives rise to a withholding obligation on the part of the Company relating to an award granted under the Plan (such withholding obligation to include, without limitation, for FICA taxes, payroll taxes, income taxes, and any other federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such award).]1 [In addition, and n][N]otwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer the Lock-Up Securities without the prior written consent of Xxxxxxx, Xxxxx & Co. and Citigroup Global Markets Inc., provided that (1) the Representatives receive a signed lock-up agreement for the balance of the lockup period from each donee, trustee, distributee, or transferee, as the case may be, (2) any such transfer shall not involve a disposition for value, (3) such transfers are not required to be reported in any public report or filing with the Securities and Exchange Commission, or otherwise, until after the initial 90-day lock-up period and (4) the undersigned does not otherwise voluntarily effect any public filing or report regarding such transfers:
Sample 1
Withholding Event means a General Withholding Event or a Scheme Withholding Event; and Works means in relation to each Firm Scheme all of the works (including the Start on Site Works, the design, infrastructure works and all other works necessary for obtaining access to the AHP Dwellings) (if any) to be undertaken in order to ensure that the AHP Dwellings meet the Submitted Standards and Strategic Objectives and are constructed, developed repaired, converted, refurbished and/or Rehabilitated (as applicable) in accordance with the Firm Scheme Details. 1.2 Interpretation 1.2.1 Words denoting any gender include all other genders.
Sample 1

Related to Withholding Event

  • Unpaid withholding tax means withholding tax due but not paid by the date the withholding tax is required to be paid under applicable law.

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • FATCA Withholding means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Withholding Agent means any Loan Party and the Administrative Agent.

  • Income-withholding order means an order or other legal

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Withholding means the retention of aid payments.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Foreign Benefit Event means (a) with respect to any Foreign Pension Plan, (i) the existence of unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (ii) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (iii) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or to appoint a trustee to administer any such Foreign Pension Plan, or to the insolvency of any such Foreign Pension Plan and (iv) the incurrence of any liability of the Borrowers under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein and (b) with respect to any Foreign Plan, (i) the occurrence of any transaction that is prohibited under any applicable law and could result in the incurrence of any liability by the Borrowers, or the imposition on the Borrowers of any fine, excise tax or penalty resulting from any noncompliance with any applicable law and (ii) any other event or condition that could reasonably be expected to result in liability of any of the Borrowers.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Tax Date means the date any withholding tax obligation arises under the Code for a Participant with respect to an Incentive Award.