Over-provision definition

Over-provision means, applying the accounting policies, principles and practices in relation to the Completion Accounts (i) the amount by which any provision for Taxation in the Completion Accounts proves to be an over provision; and (ii) the amount by which any repayment of Taxation which is treated (or which could have been treated) as an asset in the Completion Accounts proves to be understated;
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Over-provision means the exceedance between the Total Cost of Infrastructure Projects and the Cash Liability equal to the amount of $157,979.07 indexed to the calendar year, as at the date of practical completion of the last Infrastructure Project.
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Over-provision has the meaning given to that term in paragraph 8.1.1 of this Schedule;
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More Definitions of Over-provision

Over-provision means (ignoring the effect of any Purchaser’s Relief, change in law made or action taken by the Purchaser or any Group Company after Completion (unless such action was carried out by the Group Company concerned pursuant to a legally binding commitment of the relevant Company created on or before Completion or with the prior written agreement or at the written request of the Sellers’ Representative) the amount by which the net amount provided for Tax (other than deferred Tax) in the Accounts in relation to all Group Companies exceeds Tax determined as due for the period ended on the Accounting Date;
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Over-provision has the meaning given in Clause 14.8(a)(i).
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Related to Over-provision

  • Other Provisions For the purposes of the Agreement, the Transaction to which this Confirmation relates is a Basis Swap Please confirm that the above correctly sets out the terms of our agreement in respect of the Transaction to which this Confirmation relates by signing and returning this Confirmation to us by facsimile today. Executed documents will follow by mail. Yours sincerely SIGNED for and on behalf of PERPETUAL SIGNED for and on behalf of COMMONWEALTH TRUSTEE COMPANY LIMITED, ABN 42 BANK OF AUSTRALIA, ABN 48 123 123 124 000 001 007, as trustee of the Medallion Trust Series 2007-1G By: By: --------------------------------- ------------------------------------ (Authorised Officer) (Authorised Officer) Name: Name: ------------------------------- ---------------------------------- Title: Title: ------------------------------ --------------------------------- SIGNED for and on behalf of SECURITISATION ADVISORY SERVICES PTY. LIMITED, ABN 88 064 133 946 By: -------------------------------- (Authorised Officer) Name: ------------------------------- Title: ------------------------------ CONFIRMATION FOR QUARTERLY FIXED RATE SWAP - MEDALLION TRUST SERIES 2007-1G Date: TO: Perpetual Trustee Company Limited Securitisation Advisory Services Pty. ABN 42 000 001 007 Limited as trustee of the Series Trust ABN 88 064 133 946 Level 12 Level 7 1▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ SYDNEY NSW 2000 SYDNEY NSW 2000 Attention: Manager, Securitisation Attention: Manager, Securitisation The purpose of this letter is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the "TRANSACTION"). This letter constitutes a "CONFIRMATION" as referred to in the Master Agreement specified below. This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master Agreement dated as of 15 February 2007, as amended, novated or and supplemented from time to time (the "AGREEMENT"), between Commonwealth Bank of Australia, ABN 48 123 123 124 ("PARTY A"), Perpetual Trustee Company Limited as trustee of the Series Trust ("PARTY B") and Securitisation Advisory Services Pty. Limited (the "MANAGER"). All provisions contained in the Agreement govern this Confirmation except as expressly modified below. The terms of the particular Transaction to which this Confirmation relates are as follows: OUR REFERENCE: 103183 TRADE DATE: February 16, 2007 EFFECTIVE DATE: February 27, 2007

  • former provisions means the provisions of the Child Welfare Act 1947 as in force immediately before the commencement of section 32.

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • Transfer Provisions means the provisions of Section ▇▇-▇▇-▇▇▇ of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers.

  • MFN Provision has the meaning specified in Section 2.14(b).