Tax Disruption definition
Tax Disruption means the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to, the Futures Asset (other than a tax on, or measured by reference to overall gross or net income) by any government or taxation authority after the Launch Date, if the direct effect of such imposition, change or removal is to raise or lower the Reference Price.
Tax Disruption. , which means the imposition of, change in or removal of an excise, severance, sales, use, value added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to, the relevant Commodity (other than a tax on, or measured by reference to, overall gross or net income) by any government or taxation authority after the Strike Date, if the direct effect of such imposition, change or removal is to raise or lower the Relevant Underlying Value on the day that would otherwise be a Valuation Date from what it would have been without that imposition, change or removal.
Tax Disruption means the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to the Commodity or Futures Contract (other than a tax on, or measured by reference to, overall gross or net income) by any government or taxation authority after the Issue Date, if the direct effect of such imposition, change or removal is to raise or lower the Commodity Reference Price from what it would have been without that imposition, change or removal, in each case provided that the Calculation Agent in its reasonable discretion pursuant to §§ 315, 317 BGB regards the relevant circumstances to be of material effect with respect to a calculation or determination under the Certificates.
Examples of Tax Disruption in a sentence
Price Source Disruption; Trading Suspension; Disappearance of Commodity Reference Price; Material Change in Formula; Material Change in Content; Tax Disruption and Trading Limitation.
More Definitions of Tax Disruption
Tax Disruption means the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to, the relevant Commodity (other than a tax on, or measured by reference to overall gross or net income) by any
Tax Disruption means the imposition of, change in or removal of any tax (including, without limitation, any excise, severance, sales, use, value-added, transfer, stamp, documentary, recording, financial transaction or similar tax) on, or in relation to, any relevant Option, Futures or any other contract relating to the Underlying Index or any constituents of the Underlying Index, by any government or taxation authority, (i) if the direct effect of such imposition, change or removal is to raise or lower the price of an Option on any relevant day from what it would have been without that imposition, change or removal; or (ii) if the Index Administrator determines that Index Sponsor and/or any of its Affiliates would incur a materially increased cost (as compared with circumstances existing on the Index Commencement Date) due to the imposition, change or removal of such tax to (a) acquire, establish, re-establish, substitute, maintain, unwind, or dispose of any transaction(s) or asset(s) it deems necessary to hedge the price risk of entering into and performing its obligations with respect to any Financial Product; or (b) realise, recover or remit the proceeds of any such transaction(s) or asset(s).
Tax Disruption means the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording, or similar tax on, or measured by reference to, the relevant Commodity (other than a tax on, or measured by reference to overall gross or net income) by any government or taxation authority after the Trade Date, if the direct effect of such imposition, change, or removal is to raise or lower the Relevant Price on the day that would otherwise be a Pricing Date from what it would have been without that imposition, change, or removal. If the applicable Final Terms do not specify any Market Disruption Events as being applicable, the Market Disruption Events specified in paragraphs 2(a) to 2(e) (inclusive) shall be deemed to apply, except where the “Additional Bullion Provisions” are specified in the applicable Final Terms to be applicable, in which case the Market Disruption Events specified in paragraphs 2(a) to 2(c) (inclusive) shall be deemed to apply.
Tax Disruption means, on or after the Index Live Date, as compared with circumstances existing in respect of the Index Live Date:
Tax Disruption means the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by
Tax Disruption means, in respect of a Commodity, the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to, such Commodity (other than a tax on, or measured by reference to overall gross or net income) by any government or taxation authority after the earlier of the Initial Pricing Date or the Issue Date (or, if there is no Initial Pricing Date, the Issue Date), if the direct effect of such imposition, change, or removal is to raise or lower the Commodity Reference Price on the day that would otherwise be a Pricing Date or any other relevant date, as determined by the Calculation Agent, from what it would have been without that imposition, change, or removal.
Tax Disruption means, in respect of a Commodity Index, the imposition of, change in or removal of an excise, severance, sales, use, value-added, transfer, stamp, documentary, recording or similar tax on, or measured by reference to any Component of such Commodity Index (other than a tax on, or measured by reference to, overall gross or net income) by any government or taxation authority after the Issue Date, if the direct effect of such imposition, change or removal is to raise or lower the Commodity Reference Price on the day on which the Commodity Reference Price would otherwise be determined from what it would have been without that imposition, change or removal.