Tax Consolidation definition

Tax Consolidation means any fiscal unity or Tax consolidation arrangement between two or more companies the effect of which is to treat those companies as a single entity for any Tax purpose.

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Tax Consolidation has the meaning ascribed to it in the Tax Indemnity;

Tax Consolidation has the meaning attributed to such term in Section 3.1(dd)(vi);

Examples of Tax Consolidation in a sentence

The Borrower has heretofore delivered to the Administrative Agent a complete and correct copy of the Tax Consolidation Agreements (including any modifications or supplements thereto) as in effect on the date hereof.
Except for the Tax Consolidation Agreements, there is no tax sharing, tax allocation or similar agreement in effect providing for the manner in which tax payments owing by MCC and its Subsidiaries (whether in respect of Federal or State income or other taxes) are allocated among the members of the group.
MCC and the Borrower will not consent to any modification, supplement or waiver of any of the provisions of the Tax Consolidation Agreements or any lease agreement entered into pursuant to Section 6.01(c)(vii) or, following the issuance thereof, any of the provisions of any instrument evidencing or governing the 2003 Senior Subordinated Notes or any Permitted Indebtedness, without in each case the prior written consent of the Administrative Agent (with the approval of the Required Lenders).
The Italian FleetCo shall not amend, modify, waive or consent to any amendment, modification or waiver of any terms in the Italian Income Tax Consolidation Agreement or the Italian VAT Sharing Agreement without the prior written consent of the FleetCo Security Agent (such consent not to be unreasonably withheld).
All of the clauses of the Tax Consolidation Agreement apply, with the exception of the Articles that are redefined or completed hereafter, the effect of which is restricted to the scope of this Amendment.
Payment of Taxes and Claims; Tax Consolidation.......................
The Issuer and Guarantors covenant to use their commercially reasonable efforts to list the Notes on the Irish Stock Exchange no later than the first initial interest payment date for the Notes and to maintain such listing on the Irish Stock Exchange or another recognized stock exchange, as defined under the Irish Tax Consolidation Act, for a period of not less than seven years from the Closing Date.
Tax Consolidation ................................................................................................
Pursuant to the Tax Consolidation Agreements, the Borrower, Holdings, MCC and ▇▇▇▇▇▇▇ have agreed that MCC and its Subsidiaries are not obligated to pay to Holdings or ▇▇▇▇▇▇▇ amounts in respect of Federal and State income taxes in excess of those provided therein.
Avis Italian Opco shall not amend or waive (or shall agree to amend or waive) any provision of the Italian Income Tax Consolidation Agreement which relates in any material respect to the tax position of Italian FleetCo without the prior written consent of the Transaction Agent (such consent not to be unreasonably withheld).

More Definitions of Tax Consolidation

Tax Consolidation means a GSK Tax Consolidation or a Haleon Tax Consolidation, as the case may be;

Tax Consolidation means any group, consolidation, fiscal unity or other arrangement (whether in place by law, agreement or otherwise and including any group for the purposes of VAT) under which a person is primarily responsible for paying or discharging Tax liabilities on behalf of, or attributable to the income, profits or gains of, or events affecting, one or more other persons;

Tax Consolidation means any fiscal unity or any affiliated, combined, consolidated, unitary or other similar group or arrangement for any Tax purpose; Tax Lien means any claim by a Government Entity against any of the assets of any Group Company arising from non-payment of Taxes; Tax Return means all returns, reports and filings and relevant supporting documents for Taxation purposes which ought to have been made by or in respect of the Issuer and each other Group Company as required by all applicable Laws;

Tax Consolidation has the meaning given in the Tax Deed; Tax Consolidation Payment Amount in respect of a Target Company or a Target Subsidiary means any amount reflected in the Locked Box Accounts as a liability of that Target Company or Target Subsidiary in respect of any liability for Tax-Consolidated Target Group Company Tax which any member of the Retained Group is primarily responsible for paying or discharging on behalf of, or in respect of profits of, or in consequence of anything done by, that Target Company or (as applicable) Target Subsidiary; Tax Consolidation Receivable Amount in respect of a Target Company or a Target Subsidiary means any amount reflected in the Locked Box Accounts as an asset of that Target Company or Target Subsidiary in respect of any repayment of Tax which any member of the Retained Group is primarily entitled to receive on behalf of, or in respect of tax previously paid by or on behalf of, or in consequence of anything done by, that Target Company or (as applicable) Target Subsidiary; Tax-Consolidated Target Group Company means a Target Company or a Target Subsidiary which is part of a Tax Consolidation as at the date of this agreement; Tax Deed means the tax deed to be entered into between the Parent, UK Bidco and the Purchaser in the Agreed Form; Tax Return means any return, declaration or report required to be filed with any Tax Authority in connection with the determination, assessment or collection of Taxes;