tax default definition
tax default means a failure by a taxpayer to pay, in accordance with a taxation law, the whole or part of the tax that the taxpayer is liable to pay;
tax default shall have the meaning set forth in Section 9.1(c).
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Related to tax default
Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.
MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);
O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.
Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.
Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.