DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event Upon Merger" provision of Section 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:
Appears in 37 contracts
Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Financing (No. 8) PLC)
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event Upon Merger" provision of Section 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:that the application and interpretation of Section 5(b)(ii) shall be restricted to a Change in Tax Law, as defined below, as a result of which Party A has been or will be required to pay a Gross-Up Amount (or, as the case may be, a Liability Amount) under Section 2(d).
Appears in 9 contracts
Samples: Master Agreement (Permanent Master Issuer PLC), Master Agreement (Permanent Master Issuer PLC), Master Agreement (Permanent Master Issuer PLC)
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event" and "Tax Event Upon Merger" provision provisions of Section Sections 5(b)(ii) and 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:for any purpose whatsoever.
Appears in 8 contracts
Samples: Master Agreement, Isda Master Agreement, Master Agreement
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event Upon Merger" provision of Section 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision Event provisions of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:
Appears in 7 contracts
Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), The Master Agreement (Permanent Mortgages Trustee LTD)
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event Upon Merger" provision provisions of Section 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:B.
Appears in 6 contracts
Samples: Master Agreement (Permanent Financing (No. 5) PLC), Master Agreement (Permanent Financing (No. 5) PLC), Master Agreement (Permanent Financing (No. 5) PLC)
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event" and "Tax Event Upon upon Merger" provision provisions of Section 5(b)(ii) and 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:B.
Appears in 6 contracts
Samples: And Restatement Agreement, Master Agreement, Master Agreement
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event" and "Tax Event Upon Merger" provision provisions of Section 5(b)(ii) and 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:B.
Appears in 3 contracts
Samples: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "“Tax Event” and “Tax Event Upon Merger" provision ” provisions of Section 5(b)(ii) and 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:B.
Appears in 2 contracts
Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)
DISAPPLICATION OF CERTAIN TERMINATION EVENTS. The "Tax Event Upon Merger" provision of Section 5(b)(iii) will not apply to Party A or to Party B. The "Tax Event" provision of Section 5(b)(ii) will not apply to Party B and will apply to Party A, provided that:that the application and interpretation of Section 5(b)(ii) shall be restricted to a Change in Tax Law (as defined below), as a result of which Party A has been or will be required to pay a Gross-Up Amount (or, as the case may be, a Liability Amount) under Section 2(d).
Appears in 1 contract
