Tax Efficiency Sample Clauses
The Tax Efficiency clause is designed to ensure that the parties structure their transactions or arrangements in a way that minimizes unnecessary tax liabilities. In practice, this clause may require the parties to cooperate in selecting transaction structures, timing, or jurisdictions that are most favorable from a tax perspective, and to share relevant information to achieve optimal tax outcomes. Its core function is to maximize after-tax benefits for the parties involved, thereby reducing the overall tax burden and preventing avoidable tax costs.
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Tax Efficiency. AmTrust and the Company shall use reasonable best efforts to achieve tax efficiency in connection with the purchase of Acquired Interests pursuant to this Agreement, including by making reasonably requested tax elections under Section 338, 336(e) or 1502 of the Code or the Treasury regulations promulgated thereunder, it being understood that no such election or similar action will be required to be taken if it results in an increased cost to AmTrust for which it is not made whole on a fully grossed-up basis.
Tax Efficiency. The Company shall, and shall cause its Subsidiaries to, cooperate in good faith with Parent and Merger Sub and take those reasonable actions as the Company deems appropriate in its sole and absolute discretion (to be effective as of or immediately prior to the Effective Time), in order to effectuate the transactions in the most Tax efficient manner to Parent and Merger Sub.
Tax Efficiency. The General Partner will use reasonable efforts to ensure that the Partnership holds investments in the most tax efficient way reasonably practicable taking into account and balancing the relative interests of the Partners and will use reasonable efforts to meet the conditions of and to benefit from participation exemption regimes, the EU-Parent Subsidiary Directive, the EU-Interest and Royalties directive and other relevant treaties where applicable and cause Portfolio Companies and Partnership Investment Vehicles to maintain sufficient substance and hold such investments as to gain such benefits.
Tax Efficiency. Based on specialist VAT advice and confirmation from HMRC the most tax efficient solution for the project currently appears to be a joint construction contract between DE/Council and a contractor.
Tax Efficiency. Any transfer as provided for in this Section 5 shall be made in the most tax efficient manner vis-à-vis the Company and the Non-Transferring Party, or the Group exercising the Put (as the case may be).
Tax Efficiency. With regard to all asset transfers set forth in this Clause 2, the Parties shall use their best efforts to ensure that assets are transferred in such a way as to minimise any tax charges (including specifically (a) capital gains tax and (b) tax charges resulting from the transfer of an asset at cost where an implied market value is attributed to the value of the transaction) incurred by such transfer. The Parties agree to maintain flexibility in structuring transactions in a tax efficient way for both the Parties and the Company and agree to include leasing of assets as a specific alternative.
Tax Efficiency. Except as otherwise provided in the -------------- Transaction Documents, each of the Parties and the Partnership will cooperate and use reasonable best efforts to (1) structure any contributions, distributions, redemption, dispositions of assets, adjustments to ownership or any other adjustment or transfer of economics between the Parties in a manner that will minimize and, to the extent possible, eliminate, any adverse tax consequences arising from such transactions and (2) ensure that the operations of the Partnership, including, without limitation, the distribution of profits of the Partnership and the selection of profits for distribution to partners, will be carried out in accordance with the reasonable request of either Party in light of the management of its respective domestic and international tax affairs. If one Party makes a request of the other Party pursuant to this Section 2.9.6 and agrees to fully indemnify the non-requesting Party for losses, expenses and other adverse effects (whether or not material) of complying with such request (on an after-tax basis using an assumed tax rate of 40%), then the non- requesting party shall take all reasonable steps necessary to accomplish such change unless the non-requesting Party determines that such request will (1) have a non-economic material adverse effect on the non-requesting Party (taking into account the adverse effect on the structure, operations or financial performance of the Partnership and the adverse effect on the non-requesting Party and its Affiliates) or (2) materially delay the applicable Closing Date.
Tax Efficiency. Depending on the jurisdiction and specific provisions of the trust, beneficial trusts can offer tax benefits. Income generated within the trust may be taxed at lower rates or be subject to different tax treatments compared to personal income.
Tax Efficiency. Client acknowledges and understands that WBI’s portfolio strategies may involve above- average portfolio turnover which could negatively impact upon the net after-tax gain experienced by the Client in non- qualified accounts.
Tax Efficiency. The parties shall cooperate with each other to assure that the Transaction is structured to not only facilitate and expedite the process of obtaining the required approvals under the laws of the PRC but also to maximize the tax and regulatory efficiencies and flexibilities of the Transaction to MRV, Luminent, HG Genuine, and HG Tech.