Permitted Payment. Amend the definition of Permitted Payment to include in addition to the existing “Permitted Payments”: “payments in relation to any tax losses received by any member of the Group from any member of the Wider Group that is not a member of the Group provided that such payments shall only be made in relation to such tax losses in an amount equal to, in any financial year, the greater of €[200] million and 2% of Total Assets (with any unused amounts in any financial year being carried over to the next succeeding financial year)”.
Appears in 3 contracts
Sources: Telenet Additional Facility Ai2 Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ah Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ai Accession Agreement (Liberty Global PLC)