Tax Demand definition

Tax Demand means any notice, demand, assessment, letter or other document issued (or any return or other document prepared or to be prepared by or on behalf of any Group Company) or other action taken by or on behalf of any person including a Tax Authority indicating that any Group Company or the Buyer has or may have, or will in the future have, a Tax Liability and in respect of which a Tax Claim may be made;

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Tax Demand means any Tax Claim under which demand for payment of Tax is made on or adjustment of any Tax refunds claimed by a Person and outstanding as on date of such Tax Claim is demanded from, a Person by any taxing authority (or any combination of the foregoing).

Tax Demand means any:

Examples of Tax Demand in a sentence

• The following additional obligations apply in respect of Claims arising from or involving a Tax Demand.

• If any Tax Demand is received by or comes to the notice of the Seller, the Seller shall, as soon as reasonably practicable, give the Buyer notice of the Tax Demand.

• Getty, in order to sell Registrable Shares to raise an amount equal to or less than the tax payable on the exercise of their stock options of the Company (the "Tax Demand Right"), and (ii) one occasion within 90 days following the date that ▇▇.

• If the Seller contests the Tax or Duty the subject of a Tax Demand then the Buyer must follow, and must procure that each Buyer Group Member and Target Entity follows, all directions of the Seller relating to the conduct of any Disputing Action contemplated by this clause 13.3, including using professional advisers nominated by the Seller.

• Tax Demand 1 a Demand or assessment from a Governmental Agency requiring the payment of any Tax or Duty; 2 any document received from a Governmental Agency administering any Tax or Duty assessing, imposing, claiming or indicating an intention to claim any Tax or Duty; 3 a notice to a contributing member of a Consolidated Group given under section 721-15(5) or (5A) of the ITAA 1997; or 4 lodgement of a tax return or a request for an amendment under a law about self-assessment of Tax.

• Disputing Action in respect of a Tax Demand, any action to cause the Tax Demand to be withdrawn, reduced or postponed or to avoid, resist, object to, defend, appear against or compromise the Tax Demand and any judicial or administrative proceedings arising out of that action.

• The Buyer or Target Entity will contest the Tax Demand at the direction of the Seller under paragraphs 13.3(d) and 13.3(e) at the Seller’s cost and expense.

• Any notice under clause 10.1(a) or clause 10.1(b) must include reasonable details of the facts, matters or circumstances giving rise to the Third Party Claim or Tax Demand, the basis of the Third Party Claim or Tax Demand, copies of any relevant documentation and (if possible in the circumstances) an estimate of the amount of the Third Party Claim or Tax Demand.

• The following additional obligations apply in respect of Claims made against the Seller arising from or involving a Tax Demand.

• Tax Costs all costs, and expenses incurred in: 1 managing an inquiry in relation to a Tax Demand; or 2 conducting any Disputing Action in relation to a Tax Demand.

More Definitions of Tax Demand

Tax Demand means any Tax Claim under which demand for payment of Tax is made on or adjustment of any Tax refunds claimed by a Person and outstanding as on date of such Tax Claim is demanded from, a Person by any taxing authority (or any combination of the foregoing);

Tax Demand means (in any jurisdiction): any assessment, notice, letter, determination, demand or other document issued by or on behalf of any Taxation Authority and whether issued or made before or after the date of this Agreement and whether satisfied or not at the date of this Agreement; and any return, amended return, computation, accounts or any other documents required for the purposes of Tax, in any case, from which it appears that: (i) a Tax Liability has been, or may be, imposed on any of the Group Companies; or (ii) an increased or a further payment to a Taxation Authority is required to be made by any of the Group Companies; or (iii) any of the Group Companies is denied or is sought to be denied a Relief;

Tax Demand has the meaning given in paragraph 1 of Part 1 of Schedule 5;

Tax Demand means any assessment (including a self-assessment), notice, demand, letter or other communication or document issued or action taken by or on behalf of any Tax Authority or the submission of any relevant computation, notice, consent or other document by or on behalf of the Company from which (in either case) it appears that a Tax liability is to be, or may come to be, imposed on the Company and which may give rise to a Tax Claim which could give rise to a liability for a Seller (whether or not the same may be the primary liability of the Company and whether or not it may be entitled to claim reimbursement from any other person or persons); and

Tax Demand means any claim, assessment, self-assessment, notice, demand, letter or other document issued or any action taken by or on behalf of any Tax Authority or by EIPRL whether before or after the date of this Agreement from which it appears that EIPRL is subject to, or is sought to be made subject to, or might become subject to, any Tax Liability or is denied or is sought to be denied any Relief;

Tax Demand has the meaning given to it in clause 5.6(b). Taxing Authority any Governmental Authority having jurisdiction over the assessment, determination, collection, administration or imposition of any Tax.