Common use of Tax Provisions Clause in Contracts

Tax Provisions. (i) The definition of Tax Event, Section 5(b)(ii), is hereby modified by adding the following provision at the end thereof: "provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall not, in and of itself, give rise to a presumption that a Tax Event has occurred."

Tax Provisions. (i) The definition of Tax Event, Section 5(b)(ii5 (b)(ii), is hereby modified by adding the following provision at the end thereof: "“provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall will not, in and of itself, give rise to a presumption that a Tax Event has occurred."”

Tax Provisions. (i) The definition of Tax Event, Section 5(b)(ii5 (b)(ii), is hereby modified by adding the following provision at the end thereof: "provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall not, in and of itself, give rise to a presumption that a Tax Event has occurred."

Tax Provisions. (ia) The definition of Tax Event, Section 5(b)(ii5 (b)(ii), is hereby modified by adding the following provision at the end thereof: "provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation legislation, shall not, in and of itself, give rise to a presumption that a Tax Event has occurred."

Tax Provisions. (ia) The definition of Tax Event, Section 5(b)(ii), is hereby modified by adding the following provision at the end thereof: "“provided, however, that that, for the purposes of clarification, the parties acknowledge that the introduction or proposal of legislation laws, regulations or guidelines, shall not, in and of itselfprior to the actual adoption or enactment thereof, give rise to constitute a presumption that a Tax Termination Event has occurred."hereunder;”

Tax Provisions. (i) The definition of "Tax Event", in Section 5(b)(ii5(b)(iii), is hereby modified by adding the following provision at the end thereof: "provided, however, PROVIDED that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall will not, in and of itself, give rise to a presumption that a Tax Event has occurred."

Tax Provisions. (i) The definition of Tax Event, Section 5(b)(ii5 (b)(iii), is hereby modified by adding the following provision at the end thereof: "“provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall will not, in and of itself, give rise to a presumption that a Tax Event has occurred."”

Tax Provisions. (ia) The definition of Tax Event, Section 5(b)(ii), is hereby modified by (i) adding the following provision at the end thereof: "“provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation laws, regulations or guidelines, shall not, prior to the actual adoption or enactment thereof, constitute a Termination Event hereunder;” and (ii) adding before the words “there is a substantial likelihood that” the following words: “in and the written opinion of itself, give rise to a presumption that a Tax Event has occurredtax counsel of recognized standing”."

Tax Provisions. (i) The definition of Tax Event, Section 5(b)(ii5 (b)(ii), is hereby modified by adding the following provision at the end thereof: "provided, however, that for purposes of clarification, the parties acknowledge that the introduction or proposal of legislation shall will not, in and of itself, give rise to a presumption that a Tax Event has occurred."