PAYMENT FOR GROUP RELIEF Sample Clauses

PAYMENT FOR GROUP RELIEF. (A) Subject to the following provisions of this clause 6, the Purchaser shall procure that (to the extent permitted by law) Plessey shall, in respect of any accounting period ended on or before Completion, make, give or enter into such claims, elections, notices or consents (whether unconditional or conditional, whether or not forming part of any other return or tax document and whether provisional or final, and including amendments to or withdrawals of earlier claims, elections, notices or consents) as the Covenantor shall direct in writing in connection with the surrender of any Group Relief by any member of the Covenantor's Group (the "Relevant Member") to Plessey. Except where Group Relief is surrendered to Plessey by the Relevant Member in order to reduce or eliminate a Tax Liability in respect of which the Purchaser would otherwise have been able to make a claim against the Covenantor under this deed, payment shall be made in respect of any such surrender as provided in the following provisions of this clause 6.
Sample 1
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PAYMENT FOR GROUP RELIEF. (A) Subject to the following provisions of this CLAUSE 6, the Purchaser shall procure that (to the extent permitted by law) Marconi (UK) shall, in respect of any accounting period ended on or before Completion, make, give or enter into such claims, elections, notices or consents (whether unconditional or conditional, whether or not forming part of any other return or tax document and whether provisional or final, and including amendments to or withdrawals of earlier claims, elections, notices or consents) as the Covenantor shall direct in connection with the surrender of any Group Relief by any member of the Covenantor's Group (the "Relevant Member") to Marconi (UK). Payment shall be made in respect of any such surrender as provided in the following provisions of this CLAUSE 6.
Sample 1
PAYMENT FOR GROUP RELIEF. In consideration of any surrender of Group Relief within Clause 13.3, the Claimant Company shall pay to the Surrendering Company an amount equal to the amount of corporation tax for which, but for the surrender, the Claimant Company would have been liable or (as the case may be, where the Company is the Surrendering Company) an amount equal to the product of the Group Relief surrendered to the Claimant Company and the Rate of Corporation Tax applicable to the Relevant Accounting Period of the Claimant Company. Any such payment shall be made on the later of:
Sample 1

Related to PAYMENT FOR GROUP RELIEF

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Payment for Securities (a) Payment for the Securities in the amount of the Subscription Amount (less any amounts that the Subscriber elects to net against such amount pursuant to the terms of the Side Letter, dated as of the date of the Closing, between the Company, the Subscriber and the other parties thereto) shall be received by the Company from the Subscriber by wire transfer of immediately available funds to the account below prior to the Closing (such account, the “Company Account”). Such payment shall be received into the Company Account no later than December 22, 2011, or such other date thereafter as the Company may designate in writing. Wire Instructions: Bank: HSBC Bank USA 000 0xx Xxxxxx Xxx Xxxx, XX 00000 X.X.X. Swift Address: MRMD US33 Further Credit: HSBC Bank Bermuda Limited Head Office, Front Street Xxxxxxxx XX 11 Bermuda SWIFT: BBDA BMHM Final Credit: Third Point Reinsurance Ltd. Account No.: 000-000000-000 USD

  • Payment for leave (a) Payment will be made based on the number of ordinary hours the Employee would have worked on the day or days on which the leave was taken.

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

  • Payment for the Securities Payment for the Securities shall be made at the Closing Date by wire transfer of immediately available funds to the order of the Company. It is understood that the Representatives have been authorized, for their own accounts and for the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Securities that the Underwriters have agreed to purchase. The Representatives may (but shall not be obligated to) make payment for any Securities to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the Closing Date for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

  • Payment for the Shares Payment for the Shares shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer in immediately available-funds to the order of the Company. It is understood that the Representatives have been authorized, for their own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Shares and any Option Shares the Underwriters have agreed to purchase. BancBoston Xxxxxxxxx Xxxxxxxx Inc., individually and not as a Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

  • Payment for Securities Sold, etc In its sole discretion and from time to time, the Custodian may credit the Fund Custody Account, prior to actual receipt of final payment thereof, with (i) proceeds from the sale of Securities which it has been instructed to deliver against payment, (ii) proceeds from the redemption of Securities or other assets of the Fund, and (iii) income from cash, Securities or other assets of the Fund. Any such credit shall be conditional upon actual receipt by Custodian of final payment and may be reversed if final payment is not actually received in full. The Custodian may, in its sole discretion and from time to time, permit the Fund to use funds so credited to the Fund Custody Account in anticipation of actual receipt of final payment. Any such funds shall be repayable immediately upon demand made by the Custodian at any time prior to the actual receipt of all final payments in anticipation of which funds were credited to the Fund Custody Account.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

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