Common use of Depreciatory transactions Clause in Contracts

Depreciatory transactions. (a) No allowable loss which might accrue on the disposal by the Company of any share in or security of any company is likely to be reduced by virtue of the provisions of sections 176 and 177, TCGA. (b) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.

Depreciatory transactions. (a) No allowable loss which might accrue has arisen or which may hereafter arise on the a disposal by the Company of any share shares in or security securities of any company is likely liable to be reduced by virtue of the provisions application of sections section 176 and 177, TCGAof the TCGA (transactions in a group) or section 177 of the TCGA (dividend stripping). (b) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.

Depreciatory transactions. (a) No allowable loss which might accrue on the disposal by the Company of any share in or security of any company is so far as the Warrantors are aware likely to be reduced by virtue of the provisions of sections 176 and 177, TCGA. (b) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.

Depreciatory transactions. (ai) No allowable loss which might accrue on the disposal by the Company of any share in or security of any company asset is likely liable to be reduced by virtue of any depreciatory transaction within the meaning of Sections 176 and 177 of the TCGA nor is any expenditure on any share or security liable to be reduced under Section 125 of the TCGA and no chargeable gain or allowable loss arising on a disposal by the Company is likely to be adjusted pursuant to the provisions of sections 176 Sections 29 and 177, TCGA30 of the TCGA or to fall within the provisions of Section 34 thereof relating to value shifting. (b) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.

Depreciatory transactions. (ai) No allowable loss which might accrue on the disposal by the Company of any share in or security of any company is likely to be reduced by virtue of the provisions of sections 176 and 177, TCGA. (bii) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.