Tax Facility definition
Tax Facility means any facility under any applicable Tax Laws, including any facility based on case law, as a result of which facility a deferral, exemption or other relief from a Tax Liability is or becomes available in respect of any event or transaction that would have given or might give rise to a Tax Liability for any of the Group Companies, but for the availability of such facility;
Tax Facility means any facility available under Dutch tax law as a result of which facility a deferral, exemption or other relief from a Tax Liability is or becomes available in respect of a transaction or event that would have given or might give rise to a Tax Liability, but for the availability of such facility.
Examples of Tax Facility in a sentence
The Company has not claimed the application of a Tax Facility or made a depreciation which on the Completion Date is still subject to a claw-back or reversal provision or any other comparable provision under any applicable Law.