Examples of Tax Subsidiary in a sentence
Any future anticipated tax liabilities of a Tax Subsidiary related to Tax Subsidiary Asset held at such Tax Subsidiary will be excluded from the calculation of the Weighted Average Floating Spread (which exclusion, for the avoidance of doubt, may result in such Tax Subsidiary having a negative interest rate spread for purposes of such calculation) and the Interest Coverage Ratio.
No deficiencies for any taxes have been proposed, asserted or assessed against the Company, any Company Subsidiary or Tax Subsidiary that have not been resolved or settled and no requests for waivers of the time to assess any such tax are pending or have been agreed to.
The Intermediary agrees not to cause the filing of a petition in bankruptcy against the Issuer, the Co-Issuer or any Tax Subsidiary for so long as the Trustee is forbidden by Section 6.7(c) of the Indenture from filing such a petition.
For purposes of the calculation of the Interest Coverage Test, the Minimum Floating Spread Test and the Minimum Fixed Coupon Test, Collateral Obligations contributed to a Tax Subsidiary shall be included net of the actual taxes paid or any future taxes reasonably anticipated by the Portfolio Manager to be payable with respect thereto.
Neither the Company nor any Company Subsidiary or Tax Subsidiary is a party to any action or proceeding by any governmental authority for the assessment or the collection of taxes.