Specified Tax definition

Specified Tax means any Tax imposed on, payable by or asserted against any Head Lease Tax Indemnitee arising from, as a result of, with respect to or in connection with any of the following or any combination of the following: (i) any act or omission of Lessee or any other Lessee Related Person or any failure of Lessee or any other Lessee Person to act when required to act, (ii) any breach or inaccuracy of any representation, warranty or covenant of Lessee in the Lease or the Lease Termination Agreement, (iii) any loss, damage, destruction, casualty, forfeiture, theft, governmental taking, confiscation, requisition, seizure or condemnation of the Aircraft or any part thereof, (iv) any alteration, modification, improvement, addition, repair, maintenance, testing, servicing, replacement, substitution or pooling of or to the Aircraft, any Engine or any part of any thereof by Lessee or any other Lessee Related Person, (v) the location, use, insuring, possession, leasing, subleasing, sub-subleasing, storage, operation, basing or presence of the Aircraft or any part thereof by Lessor under this Lease or by Lessee or any other Lessee Related Person, (vi) the situs of organization, any place of business or any activity or transaction of Lessee or any other Lessee Related Person in the jurisdiction imposing the tax, (vii) any amount paid or payable pursuant to the Loan Certificates or the Indenture to the extent such Tax would not have been imposed but for a change after the Delivery Date in the income tax convention between the United States and Germany as in effect on the Delivery Date, (viii) any amount paid or payable pursuant to the Head Lease (to the extent resulting from the location or use of the Aircraft or any part thereof) or this Lease, (ix) the return, redelivery, importation or exportation resulting from the use of the Aircraft by Lessee or any other Lessee Related Person, abandonment or other disposition of the Aircraft or any part thereof by Lessee or any other Lessee Related Person, (x) the enforcement of rights under the Head Lease Operative Documents or the Operating Lease Operative Documents, in each case after the occurrence and during the continuance of an Event of Default under this Lease, (xi) the occurrence of an Event of Default or a Casualty Occurrence, (xii) the imposition of any Lien (other than a Lessor Lien) on the Aircraft or any part thereof, (xiii) the existence, presence, execution, delivery, filing, recording, amendment or enforcement of the O...
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Specified Tax means an amount of tax payable under subsection 165(2), section 212.1 or 218.1 or Division IV.1 of Part IX of the Act. In this memorandum, “specified tax” will be referred to as the provincial part of the HST.
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Specified Tax means a tax dispute pending on 29-2-2016 which has arisen as a result of retrospective amendment . ‘Tax Arrears” means tax , interest and penalty in respect of which an appeal is pending for adjudication before the CIT(A) or CWT(A) under the Income Tax Act and Wealth Tax Act respectively , as on 29-02- 2016
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Examples of Specified Tax in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement (including Article V or VI) or any other Loan Document, each Specified Tax Restructuring Transaction shall, to the extent not otherwise permitted under this Agreement or any other Loan Document, be permitted.

  • For the avoidance of doubt, the releases referenced in this Section 9.15 on account of any Specified Tax Event, shall, unless the Borrower shall otherwise expressly elect in written notice to the Administrative Agent, be automatic and shall require no further actions (provided that the Administrative Agent and Collateral Agent agree, at the request of the Borrower, to take the actions referred to above in this paragraph).

  • Notwithstanding the above provisions of this Section 10.02, but subject to Sections 10.02(f), (g) and (h), Valero shall have exclusive control over any Specified Tax Contest, including exclusive authority with respect to any settlement of such Tax liability.

  • This Agreement, together with each of the exhibits and schedules appended hereto, contains the entire agreement between the Companies with respect to the subject matter hereof and supersedes all other agreements, whether or not written, in respect of any Specified Tax between or among any member or members of the Pfizer Group, on the one hand, and any member or members of the Zoetis Group, on the other hand.

  • For the avoidance of doubt, Concentra shall have no rights with respect to any Specified Tax Contest relating to a Select Consolidated Return.

  • Furthermore, with respect to any Specified Tax Return for which the SpinCo Parties are the Preparer, the SpinCo Parties shall make such Specified Tax Return, or relevant portion thereof, available to YUM a reasonable time period before such Specified Tax Return is due, taking into account any extensions that the SpinCo Parties (or any SpinCo Group member) file, and shall incorporate all reasonable comments as are provided in writing by YUM.

  • If PricewaterhouseCoopers LLP is unavailable or declines to serve as the Specified Tax Liabilities Valuation Firm, then either party may request the American Arbitration Association to select an independent accounting firm to serve as the Specified Tax Liabilities Valuation Firm, and the firm so selected shall be the Specified Tax Liabilities Valuation Firm.

  • The SpinCo Parties shall not file any such Specified Tax Return without YUM’s prior written consent, not to be unreasonably withheld, conditioned or delayed (it being understood that YUM shall provide such consent if YUM determines in its reasonable discretion that the applicable Tax Return, or position taken thereon, does not have any direct or indirect relevance to YUM).

  • Notwithstanding anything herein to the contrary, YUM shall have the right, in its sole discretion, to elect to be the Controlling Party with respect to any Tax Contest relating to (i) the Distribution or any of the Related Separation Transactions and (ii) unless YUM determines in its reasonable discretion that the Tax Contest does not have any direct or indirect relevance to YUM, any Tax Return described in clauses (x) or (z) of the definition of Specified Tax Returns.

  • Revelyst shall revise such new domestic use agreements and all associated filings to reflect reasonable comments of Vista Outdoor provided at least ten (10) days prior to the due date of the Specified Tax Return.


More Definitions of Specified Tax

Specified Tax means the $11,595,600 ad valorem/gross proceeds tax owed to the State of Wyoming and due and payable on May 10, 2019.
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Specified Tax means the tax or taxes and the
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Specified Tax has the meaning given in Schedule 16;
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Specified Tax means the tax or taxes and the periods thereof for which the taxpayer applies for amnesty under this article.
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