Tax Assignment definition
Tax Assignment has the meaning set forth in Schedule 1.2.
Tax Assignment means, with respect to a Party, (a) an assignment of the obligations or rights of such Party under this Agreement to an Affiliate of such Party or a Third Party; (b) a Change of Control with respect to such Party; (c) any change with respect to such Party as a result of which such Party or the other Party ceases to be eligible for the benefits of any income tax treaty to which such Party is entitled as of the date hereof or on the entitlement to which a prior assignment hereunder was predicated; (d) the making or initiating of any payment pursuant to this Agreement by such Party from a jurisdiction other than the jurisdiction in which such Party is a resident for income tax purposes; (e) the transfer of this Agreement by such Party to a branch, permanent establishment, office or place of business outside the jurisdiction in which such Party is organized; (f) a re-domiciliation of such Party for income tax purposes; (g) the entering by such Party or any of its Affiliates into any transactions or arrangements related to this Agreement or any License Payments as a result of which such License Payments to such Party are treated as (i) other than royalty payments or (ii) not beneficially owned by such Party.
Tax Assignment means, with respect to a Party, (a) an assignment of the obligations or rights of such Party under this Agreement to an Affiliate or a Third Party; (b) a Change of Control with respect to such Party; (c) any change with respect to such Party as a result of which such Party or the other Party ceases to be eligible for the benefits of any income Tax treaty to which such Party is entitled as of the date hereof; (d) the making, receipt or initiating of any Payment pursuant to this Agreement by such Party from a jurisdiction other than the jurisdiction in which such Party is a resident for Tax purposes; (e) the transfer of this Agreement by such Party or attribution to a branch, permanent establishment, office or place of business (or any other taxable presence) outside the jurisdiction in which such Party is organized; (f) a re-domiciliation, change of tax residence, or becoming a resident of more than one jurisdiction by such Party for tax purposes; (g) the entering by such Party or any of its Affiliates into any transactions or arrangements related to this Agreement or any Payments as a result of which such Payments to such Party are treated as (i) other than royalty payments or (ii) not beneficially owned by or made by such Party.
Examples of Tax Assignment in a sentence
Such additional assets are anticipated to include, but are not limited to, certain Tax Refunds and Tax Benefits to be transferred pursuant to the Tax Assignment and Assumption Agreement attached as Exhibit "G" to the Plan.