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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