MEP Participants Sample Clauses

MEP Participants. (i) Each of the MEP Participants is subject to corporation tax in accordance with the Turkish corporation tax law, as amended by the provisions of this Article 9, in respect of its Project Activities (other than activities described in Section 9.2(x)) for each Year (the “Corporation Tax”). The Corporation Tax shall apply individually to each MEP Participant. The Corporation Tax shall consist of a Base Corporation Tax and a Corporation Tax Surtax. Subject to Section 9.2(iii), the amount of the Base Corporation Tax liability of an MEP Participant for a Year shall be equal to such MEP Participant’s taxable income (other than taxable income described in Section 9.2(x)) related to Project Activities for the Year, which shall be based on such MEP Participant’s separate share of any income, expenses and other taxable items (other than any such items taken into account in determining taxable income described in Section 9.2(x)) related to Project Activities for the Year as determined in accordance with the Turkish corporation tax law, multiplied by the general corporation tax rate in force in the Territory on 1 January 1999 (which is thirty percent (30%)).
Sample 1
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MEP Participants. (i) Each of the MEP Participants is subject to profit tax in accordance with the Tax Code of Georgia, as amended by the provisions of this Article 8, in respect of its Project Activities (the Profit Tax ). The Profit Tax shall apply individually to each MEP Participant. The Profit Tax shall consist of a Base Profit Tax and a Profit Tax Surtax. Subject to Section 8.2(iii), the amount of the Base Profit Tax liability of an MEP Participant for a Year shall be equal to such MEP Participant's taxable income related to Project Activities for the Year multiplied by a tax rate of thirty percent (30%), which consists of the general profit tax rate in force in the Territory on 1 January 1999 (twenty percent (20%)) and an additional branch-profits tax rate of ten percent (10%). For this purpose, the MEP Participant s taxable income related to Project Activities shall be based on the MEP Participant s separate share of any income, expenses and other taxable items related to Project Activities for the Year as determined in accordance with the Tax Code of Georgia.
Sample 1

Related to MEP Participants

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • Participant See Section 7(a) hereof.

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • Participating Employers (a) With the consent of the Employer and Trustee, and by duly authorized action, any Affiliated Employer may adopt this Plan and become a Participating Employer.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Committee Participation 9.01 Except as otherwise provided in this Collective Agreement, an Employee (or the Employee’s alternate) who is a member and attends meetings of a committee established by the Employer, shall be paid at the Employee’s Basic Rate of Pay for attendance at such meetings. Such participation shall be voluntary.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

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