Tax Payment Deficiency means any Tax liability of Parent (or, if Parent is not the taxable parent entity of Funding Holdco or Canadian Funding Holdco, such other taxable parent entity) (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of federal, state, provincial, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the applicable Manager determines cannot be satisfied by Parent (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of FAT Brands (or, if FAT Brands is not the taxable parent entity of any Securitization Entity, such other taxable parent entity) (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the Manager determines cannot be satisfied by FAT Brands (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of Holdco (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that cannot be satisfied by Holdco from its available funds.
Examples of Tax Payment Deficiency in a sentence
On any Weekly Allocation Date on which a Tax Payment Deficiency exists, the Control Party may, in its sole discretion, instruct the Trustee in writing to withdraw from the Senior Notes Interest Reserve Account or the Cash Trap Reserve Account any amounts necessary to discharge such Tax Payment Deficiency.
More Definitions of Tax Payment Deficiency
Tax Payment Deficiency means any Tax liability of TWC (or, if TWC is not the taxable parent entity of any Securitization Entity, such other taxable parent entity) (including Taxes imposed under U.S. Treasury regulations Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities that the Manager determines cannot be satisfied by TWC (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of Dine Brands (or, if Dine Brands is not the taxable parent entity of any Securitization Entity, such other taxable parent entity) (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the Manager determines cannot be satisfied by Dine Brands (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of DBI (or, if DBI is not the taxable parent entity of any Securitization Entity, such other taxable parent entity) (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the Manager determines cannot be satisfied by DBI (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency. The definition of “Tax Payment Deficiency” in Section 1.1 of the Canadian Management Agreement is hereby amended by replacing the word “Parent” with the word “DBI”.
Tax Payment Deficiency means any Tax liability of TBC (or, if TBC is not the taxable parent entity of the Issuer, such other taxable parent entity and/or the parent entity of any consolidated group of which TBC is a member) (including Taxes imposed under U.S. Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the Manager determines cannot be satisfied by TBC (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of Inspire (or, if Inspire is not the taxable parent entity of the Securitization Entities, such other taxable parent entity) (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that the Manager determines cannot be satisfied by Inspire (or such other taxable parent entity) from its available funds.
Tax Payment Deficiency means any Tax liability of Xxxx in the Box Inc. (or, if Xxxx in the Box Inc. is not the taxable parent entity of any Securitization Entity, such other taxable parent entity) (including Taxes imposed under U.S. Treasury regulations Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities that the Manager determines cannot be satisfied by Xxxx in the Box Inc. (or such other taxable parent entity) from its available funds.