No Company definition

No Company has any chattel paper (whether tangible or electronic) or instruments as of the date hereof, except as follows: None.

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No Company has since the Accounts Date engaged in or been a party to any scheme or arrangement of which the main purpose, or one of the main purposes, was the avoidance of or a reduction in liability to Taxation; and, in particular but without limitation, no Company has been a party to or otherwise involved in any transaction to which any of the following could apply: (a) ICTA s 410 (Group relief: arrangements for transfer of company to another group or consortium); s 395 (Leasing contracts: and company reconstructions); and s 116 (Partnerships involving companies arrangements for transferring relief); (b) ICTA ss 729 or 730 (Tax avoidance other transfers of securities), ss 731 to 735 inclusive (Purchase and sale of securities) or ss 736 or 737 (Miscellaneous provisions relating to securities); (c) ICTA s 774 (Transactions between dealing company and associated company); (d) ICTA s 779 (Sale and lease-back: limitation on Tax reliefs); (e) ICTA s 781 (Assets leased to traders and others); (f) ICTA s 786 (Transactions associated with loans or credit); (g) TCGA s 29 (Value shifting General provisions); (h) TCGA s 106 (Disposal of shares and securities by the Company within prescribed period of acquisition).

No Company has:- (i) taken part in conduct involving dishonesty as described in section 60 of VATA; (ii) committed any serious misdeclaration or neglect as described in section 63 of VATA; (iii) issued unauthorised invoices or failed to do anything contemplated by section 67 of VATA; (iv) failed to comply with any regulatory requirements described in section 69 of VATA; (v) been notified of any assessment within sections 59 and 74 of VATA or a surcharge notice under section 59 of VATA; (vi) made any agreement with the Commissioners of Customs and Excise which agreement has not been put in writing as contemplated by section 85 of VATA.

Examples of No Company in a sentence

• No Company is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock.

• No Company Affiliate has made a subordinated loan to any Participating Member.

• No Company is an “investment company” or a company “controlled” by an “investment company,” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended.

• No Company may assign any of its obligations under this Note without the prior written consent of the Holder, any such purported assignment without such consent being null and void.

• No Company Affiliate has made a subordinated loan to any member of FINRA.

• No Company shall incur any material accumulated funding deficiency within the meaning of ERISA, or any material liability to the PBGC, established thereunder in connection with any ERISA Plan.

• No Company Subsidiary is required to file any form, report or other document with the SEC.

• No Company is a party to any agreement or instrument or subject to any corporate or other constitutional restriction that has resulted or could reasonably be expected to result in a Material Adverse Effect.

• No Company Material Adverse Effect shall have occurred since the date of this Agreement.

• No Company Employee Plan provides health benefits that are not fully insured through an insurance contract.

More Definitions of No Company

No Company has withdrawn from a "pension plan", as defined in Section 3(2) of ERISA in which it was a "substantial employer" as defined in Section 4001(a)(2) of ERISA or was deemed to be a "substantial employer" under Section 4062(e) of ERISA. To the Company's knowledge there have been no reportable events as set forth in Section 4043 of ERISA in respect of any plan described in Section 4021(a) of ERISA in respect of which any Company will be liable to make contributions or pay benefits, and there has been no termination of any such plan since the effective date of ERISA which could result in any tax, penalty or liability being imposed upon any Company; neither any Company nor, to the best of each Company's knowledge, any predecessors in interest of any Company, has participated in, nor will the purchase of the Note by the Holder involve, any "prohibited transaction" (as defined in Section 4975 of the Internal Revenue Code of 1986, as amended) that could subject any Company or Holder to any tax or penalty imposed by said Section 4975; since the effective date of ERISA, neither any Company nor, to the best of each Company's knowledge, any predecessors in interest of any Company has incurred any "accumulated funding deficiency," as such term is defined in Section 302 of ERISA, to which any Company could be subject or for which it might be liable; no Company is a party to, and none of the operations of any Company is a multi-employer plan, as defined in Section 3(37) of ERISA.

No Company has, in respect of a loan relationship within the meaning of Finance ▇▇▇ ▇▇▇▇,▇ 81 (Meaning of ‘loan relationship’ etc), applied (a) an authorised accounting method inconsistently or otherwise in a materially different way in successive accounting periods; or (b) used a different authorised accounting method for the same or successive accounting periods; as provided by Finance ▇▇▇ ▇▇▇▇, s 89 (Inconsistent application of accounting methods).

No Company s ownership of its assets violates any applicable Environmental Law, other than such violations which would not reasonably be expected to have a Material Adverse Effect. To the Borrower's knowledge, no investigation or review is pending or threatened by any Tribunal with respect to any alleged violation of any Environmental Law in connection with any Company's assets which could result in a Material Adverse Effect. None of any Company's assets have been used by such Company or, to the Borrower's knowledge, any other Person as a dump site for any Hazardous Substance except where such use would not reasonably be expected to have a Material Adverse Effect.