Exemption Decree definition

Exemption Decree means the Exemption Decree on Public Offers (Vrijstellingsbesluit overnamebiedingen Wft)
View Source

Examples of Exemption Decree in a sentence

  • Except as contemplated in the Purchase Agreement, neither Tenant nor Landlord shall amend, modify or otherwise alter the Tax Exemption Decree without the consent of the other, which consent shall not be unreasonably withheld.

  • Landlord and Tenant agree, upon request of the other, to use commercially reasonable efforts to (a) obtain any certificate or other document from any Governmental Agency (including, but not limited to, tax exemptions or concessions under the Tax Exemption Decree) as may be necessary to mitigate, reduce or eliminate any Imposition or Landlord Tax that could be imposed and (b) mitigate the effects of the expiration or termination of the Tax Exemption Decree not due to the fault of the requesting party.

  • Landlord shall use commercially reasonable efforts not to violate the requirements of the Tax Exemption Decree.

  • Without limiting Tenant's obligations hereunder or at law with respect to the Tax Exemption Decree, Landlord shall use commercially reasonable efforts not to violate the requirements of the Tax Exemption Decree imposed on Landlord.

  • Without limiting Tenant’s obligations hereunder or at law with respect to the Tax Exemption Decree, Landlord shall use commercially reasonable efforts not to violate the requirements of the Tax Exemption Decree imposed on Landlord.

  • To PAS’ Knowledge, there are no circumstances that could serve as grounds for the cancellation of the Tax Exemption Decree.

  • Between the date of this Agreement and the thirtieth (30th) day thereafter, PAS and the Company shall in good faith work together and cooperate with each other to obtain the approval of the Transaction by the Puerto Rico Office of Industrial Tax Exemption, in order to assure the continued existence and validity of the Tax Exemption Decree after the Closing Date.

  • Landlord and Tenant agree, upon request of the other, to use commercially reasonable efforts to obtain any certificate or other document from any Governmental Agency as may be necessary to mitigate, reduce or eliminate any Imposition or Landlord Tax that could be imposed (including, but not limited to, tax exemptions or concessions under the Tax Exemption Decree).

  • If the Tax Exemption Decree, the Puerto Rico Tourism Development Act of 1993 or the regulations thereunder preclude Tenant from complying with the terms of the foregoing, then Landlord and Tenant shall negotiate in good faith an amendment to this Agreement to deal with such eventuality with the intent that SECTION 3.3 be given full effect and that all Rents and other amounts payable by Tenant hereunder qualify as "rents from real property" within the meaning of Section 856(d) of the Code.

  • If the Tax Exemption Decree, the Puerto Rico Tourism Development Act of 1993 or the regulations thereunder preclude Tenant from complying with the terms of the foregoing, then Landlord and Tenant shall negotiate in good faith an amendment to this Agreement to deal with such eventuality with the intent that SECTION 3.3 be given full effect and that all Rents and other amounts payable by Tenant hereunder qualify as “rents from real property” within the meaning of Section 856(d) of the Code.

Related to Exemption Decree

  • Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 4329, Lot 1 on the Tax Map of the City of New York.

  • Exemption Period means the period beginning on the first day of the property tax year after the property tax year in which an applicable portion of Economic Development Property is placed in service and ending on the Termination Date. In case there are Phases of the Project, the Exemption Period applies to each year’s investment made during the Investment Period.

  • Exemption means the exemption from real property taxation provided hereunder.

  • Exemption-Favored Party Any of (i) ▇▇▇▇▇ Fargo Securities, (ii) RBSSI, (iii) any Person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with ▇▇▇▇▇ Fargo Securities or RBSSI and (iv) any member of any underwriting syndicate or selling group of which any Person described in clauses (i), (ii) and (iii) is a manager or co-manager with respect to a Class of Certificates.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.