Examples of Change in Tax Law in a sentence
As used herein, “Withholding Requirement” means a requirement to make a withholding or deduction for or on account of any Taxes (as defined in the Charged Agreement) due to any action taken by a taxing authority or taken or brought in a court of competent jurisdiction, on or after the Issue Date (regardless of whether such action is taken or brought with respect to a party to the Charged Agreement) or a Change in Tax Law (as defined in the Charged Agreement).
The term " Change in Tax Law" means (other than for the purpose of paragraph 8.2(a)(ii)(C)) 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 after the parties enter into the relevant CDS Contract.
In the case of the Issuer or any Guarantor as of the Initial Issue Date, the Change in Tax Law must become effective on or after the date of the Offering Circular (as defined in the PIK Notes Indenture).
In the case of any Person becoming a Guarantor after the Initial Issue Date or in the case of any successor of any Person specified in the preceding sentence, the Change in Tax Law must become effective on or after the date that such Person became a Guarantor or such a successor.
The foregoing provisions in this Condition 6(b) (Redemption for Tax Reasons) shall apply mutatis mutandis to any successor person, after such successor person becomes a party to the Fiscal and Paying Agency Agreement, with respect to a Change in Tax Law occurring after the time such successor person becomes a party to the Fiscal and Paying Agency Agreement.