Relevant Tax Liability definition

Relevant Tax Liability means any income tax and national insurance contributions (or their equivalent outside of the United Kingdom) in respect of which any Group Member has to make a payment to HM Revenue and Customs or any other tax authority and which arise by reference to:

Relevant Tax Liability has the meaning given in Clause 46.7.3;

Relevant Tax Liability means any and all income tax, social insurance contributions, payroll tax, payment on account or other tax-related withholding in respect of which any Group Member is liable to make a payment to any applicable tax authority, including any such liability which arise by reference to:

Examples of Relevant Tax Liability in a sentence

• In relation to any such additional amount payable to DBFM Co, DBFM Co and the Authority shall have the same rights and obligations as would apply to a Relevant Tax Liability under Clause 46.7.3 and Clauses 46.6 to 46.11 (inclusive) shall apply mutatis mutandis to the payment of the additional amount.

• The Employee covenants with the Company to allow the Company or any other Group Member (in each case a “Relevant Payer”) to recover from him (to the extent permitted by law) all and any Relevant Tax Liability and hereby indemnifies and will keep indemnified on a continuing basis each Relevant Payer in respect of any Relevant Tax Liability (to the extent permitted by law).

• In relation to any such additional amount payable to Sub-hubco, Sub-hubco and the Authority shall have the same rights and obligations as would apply to a Relevant Tax Liability under Clause 46.7.3 and Clauses 46.6 to 46.11 (inclusive) shall apply mutatis mutandis to the payment of the additional amount.

• The Authority may, if it considers in good faith that such action is justified having regard to the likely costs and benefits, direct PPP Co. to resist, appeal, defend or otherwise dispute the Relevant Tax Liability in respect of the Compensation Payment, provided that the cost of any such dispute (including any interest or penalties incurred) will be at the Authority’s expense.

• PPP Co. will not agree, accept or compromise any claim, issue or dispute relating to such Relevant Tax Liability without the prior consent of the Authority (such consent not to be unreasonably withheld, conditioned or delayed).

More Definitions of Relevant Tax Liability

Relevant Tax Liability means a material tax liability which would not have been incurred absent the making of upstream or cross-stream payments (taking into account future tax savings resulting therefrom and not taking into account tax liabilities that would have been incurred otherwise but at a later point in time) and as a result of which it seems economically unreasonable and - taking into account the legitimate interests of the Lenders - inappropriate to make the relevant mandatory prepayment.

Relevant Tax Liability means an Actual Liability or Deemed Liability in respect of a Compensation Payment;

Relevant Tax Liability means the Actual Liability or Deemed Liability in respect of a Compensation Payment.

Relevant Tax Liability means an Actual Relevant Tax Liability or a Contingent Relevant Tax Liability, as appropriate, and “Relevant Tax Liabilities” shall be construed accordingly;

Relevant Tax Liability means the Actual Liability or Deemed Liability in respect of a Compensation Payment. “Actual Liability” means the PPP Co’s liability for Tax within the State, as a consequence of or in respect of a Compensation Payment.

Relevant Tax Liability means any Tax Liability in respect of which the Sellers are liable to make a payment under the Tax Covenant or in respect of the Tax Warranties (or in respect of which the Sellers would be liable to make such a payment, but for the provisions of paragraph 3.2 of part 1 and/or the set off, utilisation or availability of a Windfall Relief)

Relevant Tax Liability shall bear the meaning ascribed to it in clause 22.40.3; "Relief Event" means: