Australian Tax Consolidated Group means a “consolidated group” or a “MEC group” as defined in the Australian Tax Act.
Australian Tax Consolidated Group means, from time to time, a Consolidated Group or a MEC Group, in each case as defined in the Australian Tax Act, of which an Australian Loan Party is a member.
Australian Tax Consolidated Group means a 'consolidated group' or 'MEC group' (as defined in the Australian Tax Act) of which an Australian Obligor is or becomes a member.
Examples of Australian Tax Consolidated Group in a sentence
As of the date of this Agreement, no Australian Loan Party is a member of an Australian Tax Consolidated Group except for an Australian Tax Consolidated Group where all the members are Loan Parties.
No Loan Party will, nor permit any Subsidiary incorporated in Australia to, become a member of an Australian Tax Consolidated Group without entering into an Australian TSA and an Australian TFA.
More Definitions of Australian Tax Consolidated Group
Australian Tax Consolidated Group means a “Consolidated Group” or an “MEC Group” as defined in the applicable Australian Tax Act. “Australian TFA” means a tax funding agreement between the members of an Australian Tax Consolidated Group which includes (a) reasonably appropriate arrangements for the funding of tax payments by the “head company” (as defined in the applicable Australian Tax Act) having regard to the position of each member of the applicable Australian Tax Consolidated Group; and (b) an undertaking from each member of the Australian Tax Consolidated Group to compensate each other member adequately for loss of tax attributes (including tax losses and tax offsets) as a result of being a member of the Australian Tax Consolidated Group. “Australian TSA” means an agreement between the members of an Australian Tax Consolidated Group which takes effect as a tax sharing agreement under section 721-25 of the applicable Australian Tax Act and complies with the applicable Australian Tax Act and any applicable law, official directive, request, guideline or policy (whether or not having the force of law) issued in connection with the applicable Australian Tax Act. “Authorized Person” means any one of the individuals identified on Schedule A-2 to the Agreement, as such schedule is updated from time to time by written notice from Borrowers to Agent. “Available Currency” means (a) in the case of a U.S. Borrower, Dollars and (b) in the case of an Australian Borrower, Australian Dollars. “Available Increase Amount” means, as of any date of determination, an amount equal to the result of (a) $100,000,000 minus (b) the aggregate principal amount of Increases to the U.S. Revolver Commitments or U.S. Floorplan Commitments previously made pursuant to Section 2.14 of the Agreement. “Average Adjusted Excess Availability” means, with respect to any period, the sum of the aggregate amount of Adjusted Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
Australian Tax Consolidated Group means a “Consolidated Group” or an "MEC Group" as defined in the Australian Tax Act. Authorisation means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration.