Proposed Change in Tax Law definition

Proposed Change in Tax Law means a proposal for a Change in Tax Law publicly endorsed by the U.S. Department of Treasury or another Executive Department or Executive Office of the President of the United States, the Chair or Ranking Member of the United States House of Representatives Committee on Ways & Means or the Chair or Ranking Member of the United States Senate Finance Committee.
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Proposed Change in Tax Law means a proposal published in writing by (i) the President of the United States, (ii) the U.S. Treasury Department or any official on behalf of the U.S. Treasury Department (including the Office of Tax Policy), (iii) the Commissioner of the Internal Revenue Service or any official on behalf of the Internal Revenue Service, (iv) the House Ways and Means Committee or any member thereof (each such member, except for the chair and ranking minority member, a “Specified HWMC Member”), (v) the Senate Finance Committee or any member thereof (each such member, except for the chair and ranking minority member, a “Specified SFC Member”) or (vi) any other Congressional Committee (any such proposal that is not reported out of such Congressional Committee for sequential referral to either the House Ways and Means Committee or the Senate Finance Committee, a “Non-Referred Proposal”).
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Proposed Change in Tax Law means any federal income tax legislation that, on or before the Closing Date, is either (a) enacted or passed by either house in Congress or (b) included in a bill reported out of the House Ways and Means Committee or Senate Finance Committee; and in each case that (i) is reasonably likely to be enacted into law; and (ii) could materially adversely affect the benefits of the PTCs that Buyer intends to claim as a result of the transactions contemplated by this Agreement.
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Examples of Proposed Change in Tax Law in a sentence

  • There shall have been no material adverse Proposed Change in Tax Law.

  • Upon reasonable request by Seller, Buyer will make its counsel reasonably available to Seller to discuss why Buyer believes the described change in Tax Law or Proposed Change in Tax Law has a possibility of constituting a Buyer Adverse Tax Event.

  • No adverse Change in Tax Law or Proposed Change in Tax Law, unless the impact of such laws have been accounted for in the model as otherwise set forth under “Change in Tax Law and Proposed Change in Tax Law” to the Class A Member’s satisfaction;30.

  • No Change in Tax Law or Proposed Change in Tax Law shall have occurred since the Initial Capital Contribution Date that has not been reflected in the Adjusted Base Case Model in a manner reasonably satisfactory to the Class A Equity Investors.

  • No Change in Tax Law or Proposed Change in Tax Law shall have occurred.

  • No Change in Tax Law or Proposed Change in Tax Law shall have occurred since the ECCA Effective Date that has not been reflected in the Adjusted Base Case Model for the Initial Class A Capital Contribution in a manner reasonably satisfactory to the Class A Equity Investors.


More Definitions of Proposed Change in Tax Law

Proposed Change in Tax Law means any federal income tax legislation that, on or before the Closing Date, is either (a) enacted or passed by either house in Congress or (b) included in a xxxx reported out of the House Ways and Means Committee or Senate Finance Committee; and in each case that (i) is reasonably likely to be enacted into law; and (ii) could materially adversely affect the benefits of the PTCs that Buyer intends to claim as a result of the transactions contemplated by this Agreement.
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Related to Proposed Change in Tax Law

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Proposed Change has the meaning assigned to such term in Section 9.02(c).

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • Change in Control Transaction means the occurrence of any of the following events:

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Specified Change of Control a “Change of Control” (or any other defined term having a similar purpose) as defined in the Senior Subordinated Note Indenture.

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Proposed Change Order (PCO means a document that informs Contractor of a proposed change in the Work and appropriately describes or otherwise documents such change including Contractor’s response of pricing for the proposed change.

  • Change in Control Event means any of the following:

  • Change of Control Event means the occurrence of an event or series of events whereby one or more Persons, acting together, acquire control over the Issuer and where “control” means (a) acquiring or controlling, directly or indirectly, more than fifty (50.00) per cent. of the voting shares of the Issuer, or (b) the right to, directly or indirectly, appoint or remove the whole or a majority of the directors of the board of directors of the Issuer.

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Significant Modification As defined in Section 3.25.

  • Significant Transaction means a transaction which meets any one of the tests below:

  • Change in Recommendation has the meaning set forth in Section 6.02(a).

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Change in Circumstance means any significant change to you, including but not limited to: