Intermediation definition

Intermediation means the activity of a taxable person in the name and for the account of another person. At least the following requirements must be met for acting in the name and for the account of another person:
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Intermediation means when an economic entity purchases a service in his own name under the terms and conditions fixed in a contract with a third party (principal), in part or in whole as agreed, and such service is resold (re-invoiced) in an unaltered state; in the application of intermediation, the intermediary functions as both the buyer and the seller of the service, for the purchased service is mediated in part or in whole under contract with the principal, that expressly stipulates the prospect of intermediation to be invoiced upon performance, notably that the intermediary provides - in addition to his own services - the service he has purchased in an unaltered state, but not necessarily at the same price;
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Intermediation means the activity provided by intermediaries;
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Examples of Intermediation in a sentence

  • No Intermediation Facility is secured by any Lien other than a Lien on Intermediation Collateral, and no event or condition has occurred which would, with the passage of time or the giving of notice or both, constitute an event of default under or permit the termination of, any Intermediation Facility, except to the extent such event of default or termination could not reasonably be expected to cause a Material Adverse Effect.

  • If an “event of default”, termination event or similar or equivalent event has occurred and is continuing under any agreement governing Indebtedness in excess of $3,000,000 to which Parent or a Subsidiary, including Borrower, is a party with a third party or parties (other than any Intermediation Facility Documents).

  • Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to, enter into any crude oil or other feedstock supply agreements, natural gas supply agreements, hydrogen supply agreements, or off-take agreements relating to intermediate or refined products with a counterparty for purposes of facilitating an intermediation agreement other than an Intermediation Facility.

  • If an “event of default”, termination event or similar or equivalent event has occurred and is continuing under any Intermediation Facility Documents.

  • The Agent shall have the benefit of the provisions of Article 14 with respect to all actions taken by it pursuant to this Section or in accordance with the terms of any Intercreditor Agreement or Intermediation Access Agreement to the full extent thereof.

  • Any labor dispute between the Parties shall be settled through amiable negotiation, either Party may, if refuses or fails to make such negation, apply for the intermediation carried out by the Intermediation Commission for Labor Dispute of this company, or apply for arbitration carried out by the local Arbitration Commission for Labor Dispute within the time limit required.

  • Each Obligor will not, and will not permit any of its Restricted Subsidiaries other than Intermediation Subsidiaries to, create, incur, assume, or suffer to exist, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or profits therefrom, except for Permitted Liens.

  • Each Obligor will not, and will not permit any of its Restricted Subsidiaries other than Intermediation Subsidiaries to, create, incur, assume, suffer to exist, Guarantee, or otherwise become or remain liable with respect to any Indebtedness, except for Permitted Indebtedness.

  • The Agent shall have the benefit of the provisions of Section 14 with respect to all actions taken by it pursuant to this Section or in accordance with the terms of any Intercreditor Agreement or Intermediation Access Agreement to the full extent thereof.

  • The Lien priorities provided in Section 2.01 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restructuring, application, reversal, restatement or refinancing of or waiver, consent or accommodation with respect to, any Intermediation Facility Obligations, or any portion thereof, to the extent in compliance with the terms of this Agreement.

Related to Intermediation

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • Remediation Services means the additional services required to be provided hereunder by BNYM or the Custodian in connection with a Fund Error in order to correct, remediate, adjust, reprocess, repeat, reverse or otherwise modify conduct previously taken in accordance with the Agreement to achieve the outcome originally intended by the previous conduct.

  • Procurement means the purchasing, buying, renting, leasing, or otherwise obtaining of any supplies, services, or construction. It includes all functions that pertain to the procurement of any supply, service, or construction item, including description of requirements, selection and solicitation of sources, preparation and award of contract, and all phases of contract administration;

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process