TOGC definition

TOGC means a transfer of [part of] a business as a going concern for the purposes of Section 49(1) of the VAT Act and Article 5 of the Value Added Tax (Special Provisions) Order 1995;

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TOGC means the transfer of a business or part of a business as a going concern for the purposes of section 49 of the VAT Act and article 5 of the Value Added Tax (Special Provisions) Order 1995;

TOGC means a supply that is treated neither as a supply of goods nor services for the purposes of VAT pursuant to Article 19 of EC Council Directive 2006/112 or any similar or analogous rules in any jurisdiction, including the provisions at both section 49(1) of UKVATA and article 5 of the Value Added Tax (Special Provisions) Order 1995 SI 1995/1268 and in Section 1 para. 1a sent. 1 GVATA.

Examples of TOGC in a sentence

Borrower will not permit any issuance of capital stock by TOGC to any party other than Borrower.
The Supplier and the Recipient shall use reasonable efforts and cooperate in good faith to determine the appropriate rate of VAT and to exempt the transfer of the Purchased Assets from any VAT and/or, where available, to apply for a specific VAT-relief for a “Transfer Of a Going Concern” (TOGC).
There is no fact known to Borrower, TOGC or TOGA (other than industry-wide risks normally associated with the types of businesses conducted by Borrower, TOGC or TOGA, respectively) that has not been disclosed to the Lenders in writing that might reasonably be expected to cause a Material Adverse Effect upon Borrower's, TOGC's, TOGA's or any of TOGA's Subsidiaries' properties, businesses, prospects or condition (financial or otherwise).
This Agreement is, and the other Loan Documents to which Borrower, TOGC or TOGA is a party will be, when duly executed and delivered, legal, valid and binding obligations of Borrower, TOGC or TOGA, as applicable, enforceable against Borrower, TOGC and TOGA in accordance with their respective terms except as such enforcement may be limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors' rights and general principles of equity.
Each of Borrower, TOGC and TOGA is duly organized and validly existing and in good standing under the laws of its jurisdiction of organization, having all powers required to carry on its business and enter into and carry out the transactions contemplated hereby and by the Loan Documents to which it is a party.

More Definitions of TOGC

TOGC means the transfer by Ashland or any Asset Selling Corporation of a totality of assets or part thereof within the meaning of Article 19 of the European Union Council Directive 2006/112/EC that is not subject to VAT by virtue of the relevant Tax Law of an EU member state implementing such article .

TOGC has the meaning given in Clause 2.9(b);

TOGC has the meaning assigned to that term in clause 6.2;

TOGC means a supply that is treated neither as a supply of goods nor services for the purposes of section 49(1) of the VAT Act and article 5 of the VAT Order.

TOGC means the transfer by any Business Seller of assets within Article 5(8) of European Union Directive 77/388 which is as a consequence of the relevant national law not subject to VAT.

TOGC means (a) in the case of VAT imposed in conformity with European Union Council Directive 2006/112/EC (the “VAT Directive”), the transfer by Seller or any Asset Selling Corporation of a totality of assets or part thereof within the meaning of Article 19 of the VAT Directive that is not subject to VAT by virtue of the relevant Tax Law of an EU member state implementing such Article and (b) in the case of any other VAT, the transfer by Seller or any Asset Selling Corporation of a business as a going concern or a part thereof that is not subject to VAT by virtue of the relevant Tax Law of the relevant jurisdiction.

TOGC means a transfer of a business as a going concern treated as neither a supply of goods nor a supply of services by virtue of article 5 of the Value Added Tax (Special Provisions) Order 1995; and