UK Purchaser definition
Examples of UK Purchaser in a sentence
At Closing, the Parties agree that the UK Purchaser will become the employer of all of the employees of the UK Company pursuant to the Transfer of Undertakings (Protection of Employment) Regulations 2006 of the United Kingdom (such employees referred to herein as the “UK Transferred Employees” and, together with the US Transferred Employees, the “Transferred Employees”).
The UK Purchaser is a private limited company incorporated under the laws of England and Wales.
If the U.K. Purchaser or its duly authorised agents shall make any comments or suggestions and communicate them to the Covenantor within a reasonable time of receipt by the Purchaser of such draft tax returns, the Covenantor shall not unreasonably refuse to adopt such comments or suggestions.
If HMRC, at any time, determines in writing that VAT is payable on the sale of all or some of the Assets of the UK Company, the relevant Company shall promptly deliver to the UK Purchaser a copy of that written determination and a valid VAT invoice in respect of the VAT payable and the UK Purchaser shall within ten days of the receipt of such determination and VAT invoice pay to the relevant Company a sum equal to the amount of VAT determined by HMRC to be chargeable.
For purposes hereof, except as otherwise agreed by the Parties, the Assumed Liabilities of the US Company will be assumed by the US Purchaser and the Assumed Liabilities of the UK Company will be assumed by the UK Purchaser.