Avoidable Tax definition

Avoidable Tax. Has the meaning specified in Section 7.08(e) hereof.
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Avoidable Tax. Means a state or local tax (i) upon (w) the Trust, (x) the Trust Property, (y) Certificateholders or (z) the Trustee for which the Trustee is entitled to seek reimbursement from the Trust Property, and (ii) which would be avoided if the Trustee were located in another state, or jurisdiction within a state, within the United States. A tax shall not be an Avoidable Tax if the Company or any Owner Trustee shall agree to pay, and shall pay, such tax.
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Avoidable Tax has the meaning set forth in Section 6.08(f).
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Examples of Avoidable Tax in a sentence

  • A tax shall not be an Avoidable Tax in respect of any Trust if the Company or any Owner Trustee shall agree to pay, and shall pay, such tax.

  • As used herein, an "Avoidable Tax" means a state or local tax: (i) upon (w) the Trust, (x) the Trust Property, (y) Certificateholders or (z) the Trustee for which the Trustee is entitled to seek reimbursement from the Trust Property, and (ii) which would be avoided if the Trustee were located in another state, or jurisdiction within a state, within the United States.

  • A tax shall not be an Avoidable Tax if the Company or any Owner Trustee shall agree to pay, and shall pay, such tax.

  • As used herein, an "Avoidable Tax" in respect of such Trust means a state or local tax: (i) upon (w) such Trust, (x) such Trust Property, (y) Certificateholders of such Trust or (z) the Trustee for which the Trustee is entitled to seek reimbursement from the Trust Property of such Trust, and (ii) which would be avoided if the Trustee were located in another state, or jurisdiction within a state, within the United States.

  • As used herein, an "Avoidable Tax" in respect of such Trust means a state or local tax: (i) upon (w) such Trust, (x) such Trust Property, (y) Certificateholders of such Trust or (z) the Trustee for which the Trustee is entitled to seek reimbursement from the Trust Property of such Trust, and (ii) which would be avoided if the Trustee were located in another state, or jurisdiction within a state, within the United States of America.

  • A tax shall not be an Avoidable Tax if either the Originator or the Note Issuer shall agree to pay, and shall pay, such tax.

  • A tax shall not be an Avoidable Tax if either the Certificate Issuer or the Note Issuer shall agree to pay, and shall pay, such tax.

  • As used herein, an "Avoidable Tax" means a state or local tax: (i) upon (w) the Trust, (x) the Trust Property, (y) the Certificateholders or (z) the Certificate Trustee for which the Certificate Trustee is entitled to seek reimbursement from the Trust Property, and (ii) that would be avoided if the Certificate Trustee were located in another state, or jurisdiction within a state, within the United States.

  • As used herein, an "Avoidable Tax" means a state or local tax: (i) upon (w) the Certificate Issuer, (x) the Trust Property, (y) the Certificateholders or (z) the Certificate Trustee for which the Certificate Trustee is entitled to seek reimbursement from the Trust Property, and (ii) that would be avoided if the Certificate Trustee were located in another state, or jurisdiction within a state, within the United States.

  • As used herein, an "Avoidable Tax" means a state or local tax: (i) upon (w) the Pass Through Trust, (x) the Trust Property, (y) Certificateholders or (z) the Pass Through Trustee for which the Pass Through Trustee is entitled to seek reimbursement from the Trust Property, and (ii) which would be avoided if the Pass Through Trustee were located in another state, or jurisdiction within a state, within the United States.


More Definitions of Avoidable Tax

Avoidable Tax. States. A tax shall not be an Avoidable Tax if the Company or any Owner Trustee shall agree to pay, and shall pay, such tax.
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Avoidable Tax means a state or local tax: (i) upon (w) the Pass Through Trust, (x) the Trust Property, (y) Certificateholders or (z) the Pass Through Trustee for which the Pass Through Trustee is entitled to seek reimbursement from the Trust Property, and (ii) which would be avoided if the Pass Through Trustee were located in another state, or jurisdiction within a state, within the United States. A tax shall not be an Avoidable Tax if the Company or the Lessors shall agree to pay, and shall pay, such tax. Notwithstanding the foregoing, if the Avoidable Tax would not be applicable if the Pass Through Trustee were to change the location of the administration of the Pass Through Trust to another state or jurisdiction within a state, then the Pass Through Trustee shall, within 30 days of the notification specified in the first sentence of this paragraph, if commercially reasonable, remove the administration of the Pass Through Trust to such other state or jurisdiction within a state or otherwise resign.
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Avoidable Tax. Has the meaning specified in Section 8.07. ------------- Business Day: Means any day (other than a Saturday or Sunday), on ------------ which DTC, Euroclear, Cedel and banks in New York, Delaware and Colombia are opened for business.
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Avoidable Tax means a state or local tax: (i) upon (w) the Pass Through Trust, (x) the Trust Property, (y) Holders of the Certificates or (z) the Pass Through Trustee for which the Pass Through Trustee is entitled to seek reimbursement from the Trust Property, and (ii) that would be avoided if the Pass Through Trustee were located in another state, or jurisdiction within a state, within the United States. A tax shall not be an Avoidable Tax if the Company or the Owner Trust shall agree to pay, and shall pay, such tax. If the Pass Through Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Pass Through Trustee for any cause, the Company (or, following the occurrence of a Lease Event of Default, the Owner Trust) shall promptly appoint a successor Pass Through Trustee. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Pass Through Trustee shall be appointed by Act of the Holders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the Pass Through Trust, delivered to the Company, the Owner Trust, the Owner Participant, the Indenture Trustee and the retiring Pass Through Trustee, the successor Pass Through Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Pass Through Trustee and supersede the successor Pass Through Trustee appointed as provided above. If no successor Pass Through Trustee shall have been so appointed as provided above and accepted appointment in the manner hereinafter provided, any Certificateholder who has been a bona fide Holder of a Certificate for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Pass Through Trustee. The successor Pass Through Trustee shall give notice of the resignation and removal of the Pass Through Trustee and appointment of the successor Pass Through Trustee by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Certificates as their names and addresses appear in the Register. Each notice shall include the name of such successor trustee and the address of its Corporate Trust Office.
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Avoidable Tax. Has the meaning specified in Section 7.9(e). ------------- -------------- Book-Entry Certificates: Means a beneficial interest in the ----------------------- Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 3.9. ----------- PASS THROUGH TRUST AGREEMENT A ------------------------------ Certificate: Means any one of the Initial Certificates or Exchange ----------- Certificates that are Outstanding as of the Issuance Date and any such Initial Certificates or Exchange Certificates issued in exchange therefor or replacement thereof pursuant to this Pass Through Trust Agreement.
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Avoidable Tax shall have the meaning specified in §6.08(d).
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Related to Avoidable Tax

  • Applicable Tax means any tax applicable in the jurisdiction of the Work;

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • Applicable Tax Rate means (a) 40% or (b) if, at the time of the relevant distribution described in Section 7.6(f) herein, the highest combined federal, state and local marginal rate applicable to corporate taxpayers residing in New York City, New York, taking into account the deductibility of state and local income taxes for federal income tax purposes shall exceed 40%, such higher rate.

  • Applicable Tax State means, as of any date, (i) any State in which the Owner Trustee maintains the Corporate Trust Office, (ii) any State in which the Owner Trustee maintains its principal executive offices and (iii) any State in which the Servicer regularly conducts servicing and collection activities (other than purely ministerial activities) with respect to a material portion of the Receivables.