Actual Liability definition

Actual Liability has the meaning given in Clause 46.7.3;
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Actual Liability for Taxes is being calculated with respect to a portion of a Taxable Year, then calculations of such actual liability (including determinations relating to Basis Adjustments and Imputed Interest to the extent applicable) shall be made as if there were an interim closing of the books of the relevant entity and its Subsidiaries and the Taxable Year had closed on the relevant date.
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Actual Liability means PPP Co.’s liability for Taxation within Ireland as a consequence of or in respect of a Compensation Payment;
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Examples of Actual Liability in a sentence

  • If the Allowance is greater than the amount of the Actual Liability, then the Acquiror shall forward the difference to the Company by no later than February 15, 1998.

  • If the Actual Liability is greater than the Allowance, the Company shall forward the difference thereof to the Acquiror by February 15, 1998.

  • No later than January 31, 1998, the Acquiror shall submit a statement to the Company of actual returns and customer liabilities processed by the Acquiror as of December 31, 1997, relating to the period prior to the Closing Date (such amount being referred to as the "Actual Liability").

  • All Costs and expenses (including any tax) incurred by the Actual Liability Holder or any of its Subsidiaries in the performance of the obligations of the Actual Liability Holder under this clause 3 will be paid by the Intended Holder, or reimbursed to the Actual Liability Holder or such Subsidiary (as applicable), upon demand and presentation of such documentation as may be reasonably required to evidence such Costs and expenses.

  • Permit at any time the Borrowing Base to be less than the sum of (i) the aggregate amount of the Letter of Credit Obligations (based on the Actual Liability Supported), (ii) the aggregate amount of the “Letter of Credit Obligations” (as defined in the Existing Revolving Credit Agreement, based on the Actual Liability Supported) and (iii) the aggregate principal amount of outstanding “Revolving Credit Loans” (as defined in the Existing Revolving Credit Agreement).

  • The Authority will have the right to pay the amount payable under Clause 26.4(a) (Tax Equalisation of Compensation Payments) in respect of an Actual Liability only direct to the Revenue Commissioners in satisfaction of the Actual Liability tax due by PPP Co. and if the Authority does so, it will notify PPP Co. forthwith.


More Definitions of Actual Liability

Actual Liability shall have the meaning ascribed thereto in Section 5.5.5 hereof.
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Actual Liability means the PPP Co’s liability for Tax within the State, as a consequence of or in respect of a Compensation Payment.
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Related to Actual Liability

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • General Liability means any and all liability which may be insured under the laws of the State of New Jersey, excluding workers’ compensation, and employer’s liability. The exact definition of a “general liability” or similar terms is the definition used in the insurance policy issued by the Commission.

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.