Permitted Tax Restructuring definition

Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Company in good faith) so long as such Permitted Tax Restructuring is not materially adverse to the Holders of the Notes.

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Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Parent Borrower in good faith) entered into on or after the date hereof so long as such Permitted Tax Restructuring does not materially impair the security interests of the Lenders and is otherwise not materially adverse to the Lenders and after giving effect to such Permitted Tax Restructuring, the Parent Borrower and its Restricted Subsidiaries otherwise comply with Section 6.10.

Permitted Tax Restructuring means any reorganizations and other activities related to Tax planning and Tax reorganization entered into prior to, on or after the Issue Date so long as such Permitted Tax Restructuring is not materially adverse to the holders of the Notes (as determined by the Company in good faith).

Examples of Permitted Tax Restructuring in a sentence

• For the avoidance of doubt, the Permitted Tax Restructuring shall be permitted under this Section 6.07.

• Make any Disposition, except a (a) Permitted Disposition, (b) Disposition of Equipment under Section 8.4.2, (c) transfer of Property by a Subsidiary or Obligor to an Obligor, (d) transfer of Property by a Subsidiary that is not an Obligor to a Subsidiary that is not an Obligor, (e) Dispositions of Factored Accounts, (f) in connection with a Permitted Tax Restructuring, or (g) Dispositions of DFA Trust Property required to be made under the DFA Agreement.

• Specified Dispositions and Dispositions consummated in connection with a Permitted Tax Restructuring; 217.

• Make any Disposition, except a (a) Permitted Disposition, (b) Disposition of Equipment under Section 8.4.2, (c) transfer of Property by a Subsidiary or Obligor to an Obligor, (d) transfer of Property by a Subsidiary that is not an Obligor to a Subsidiary that is not an Obligor, (e) Dispositions of Factored Accounts, or (f) in connection with a Permitted Tax Restructuring.

• The Borrower shall not permit any Group Company to, be a party to any merger, consolidation or division, except for (i) any such merger or consolidation among the Group Companies, (ii) Permitted Acquisitions or other similar Investments permitted under the Senior Credit Agreement, (iii) any division of any Group Company (other than Holdings), (iv) any Permitted Tax Restructuring and (v) the Related Transactions.

More Definitions of Permitted Tax Restructuring

Permitted Tax Restructuring means any re-organizations and other activities among the Parent and its Restricted Subsidiaries related to tax planning and re-organization so long as, after giving effect thereto, (a) taken as a whole, the security interests of the Collateral Agent in the Collateral are not materially impaired and (b) taken as a whole, the value of the Collateral securing the Obligations and the Guaranty by the Guarantors of the Obligations are not materially reduced.

Permitted Tax Restructuring means any reorganizations and other activities related to Tax planning entered into prior to, on or after the Closing Date so long as such Permitted Tax Restructuring does not impair in any material respect the Guaranty or the security interests in favor of, and is not otherwise materially adverse to, in each case, the Lenders, taken as a whole, in their capacity as such (as determined by the Borrower in good faith).

Permitted Tax Restructuring means (i) a reorganization pursuant to which certain Foreign Subsidiaries of the Borrower will become direct or indirect Subsidiaries of a to-be-formed Foreign Subsidiary or Domestic Foreign Holding Company, which will be a direct or indirect Subsidiary of the Borrower and (ii) any other reorganizations and other activities related to Tax planning and reorganization (as determined by the Borrower in good faith) entered into prior to, on or after the Closing Date so long as after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not impaired in any material respect and such Permitted Tax Restructuring is not otherwise materially adverse to the Lenders; provided that, in each case, after giving effect to such Permitted Tax Restructuring, the Borrower and the Restricted Subsidiaries otherwise comply with Section 6.10.

Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Issuer in good faith) entered into after the date hereof so long as such Permitted Tax Restructuring does not materially impair the security interests of the Holders of Notes and is otherwise not materially adverse to the Holders of Notes.

Permitted Tax Restructuring means any reorganizations and other activities entered into after the Issue Date among the Parent Guarantor and its Restricted Subsidiaries for the purpose of tax planning and optimizing the tax payments of the Parent Guarantor and its Restricted Subsidiaries, provided that:

Permitted Tax Restructuring means (a) the re-organization and other activities related to the integration of the Foreign Subsidiaries of Serena Software, Inc. as direct or indirect subsidiaries of Micro Focus CHC Limited, (b) the re-organization and other activities related to the partnership formation or integration of the Foreign Subsidiaries of Parent and the Company in connection with the Transactions and (c) any other re-organizations and other activities related to tax planning and re-organization so long as, after giving effect thereto, taken as a whole, the security interests of the Lenders in the Collateral are not materially impaired.

Permitted Tax Restructuring means any reorganizations and other activities entered into after the Closing Date among Holdings and its Restricted Subsidiaries for the purpose of tax planning and optimizing the tax payments of Holdings and its Restricted Subsidiaries, provided that: