Definition of Taxation Liability

  1. Taxation Liability means a liability, or an increase in a liability, to make an actual payment of or of an amount in respect of Tax including whether or not such Tax is also or alternatively chargeable against or attributable to any other person;

Examples of Taxation Liability in a sentence

  1. The Seller shall have no liability to the Buyer (whether under the Tax Covenant, the Tax Warranties or otherwise) in respect of any Taxation Liability of the Company which could have been saved or avoided but for any failure on the part of the Company to enter into any such election(s).

Definition of Taxation Liability in Agreement

Taxation Liability means a liability, or an increase in a liability, to make an actual payment of or of an amount in respect of Tax including whether or not such Tax is also or alternatively chargeable against or attributable to any other person;