Examples of Change in Tax in a sentence

Within thirty (30) Days of receipt of such report, the Parties shall meet and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute.
Nothing in this Section 14.5 shall preclude the Seller from disputing, at its sole cost and expense, any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.
In the event that the Seller or the Purchaser intends to dispute any Change in Tax, it shall provide to the other Party notice of its intention to pursue such dispute.
Following delivery of such notice of intention to dispute a Change in Tax, the Party raising the dispute shall, within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price and the merits and probability of success in the proposed dispute.
Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5 shall be reimbursed by the Purchaser as a Pass-Through Item in accordance with Schedule 1.

More Definitions of Change in Tax

Change in Tax means the adoption, promulgation, bringing into effect, repeal, amendment, reinterpretation, change or failure in application of the provisions of the relevant legislation after the Execution Date, or modification after the Execution Date of any Applicable Law by any Relevant Authority, relating to any Tax, including any application of any Tax (including withholding Taxes on distributions to shareholders to the extent such withholding taxes are final Tax liabilities of the shareholders and are not subject to any credit or adjustment, including any credit or adjustment against any other Tax liability), which is imposed on Seller or the Project and:

Change in Tax. The meaning ascribed thereto in the Energy Purchase Agreement.

Change in Tax raw shall mean any change in the Code or successor legislation enacted by either the Ninety-ninth or the One Hundredth Congress (other than a change in respect of an alternative minimum tax or an add-on minimum tax having the same effect as an alternative minimum tax), or if prior to January 15, 1997 Ci) there is enacted any technical correction thereto, or (ii) there are adopted, promulgated, issued or published any proposed, temporary or final Regulations resulting therefrom (regardless of the effective date of such technical corrections or Regulations, but only if such technical corrections or Regulations would affect Net Economic Return), provided, however, that a Change in Tax Law shall occur in the event the provision set forth in Section 1509(b) of H.R. 3838 as passed by the U.S. House of Representatives on December 17, 1985 and Section 1809(b) of H.R. 3838 as passed by the U.S. Senate on June 24, 1986 shall fail to be enacted into law in the form therein set forth or, if such provision is so enacted into law, it shall not apply to the Common Facilities. Chemical Bank shall mean chemical Bank, a New York banking corporation.

Change in Tax. Law shall mean any change in the State Tax Law (as such term is defined in Section 1(a) of the Tax Indemnification Agreement), Code or successor legislation enacted by the appropriate legislative bodies of New York State or New York City no later than the date of adjournment of the One Hundredth Congress, or enacted by either the Ninety-ninth or the One hundredth Congress (without regard to the date of presidential signature), or if prior to January 15, 1997 (i) there is enacted any technical correction to such enactment or (ii) there is promulgated, issued or published any proposed, temporary,. or final Regulations resulting from such enactment (regardless of the effective date of such technical corrections or Regulations, but only if such technical corrections or Regulations would affect Net Economic Return).

Change in Tax means the imposition of, change in (or change in application or interpretation of) or repeal of a tax, levy, impost, duty, charge, assessment, fee or allowance of any nature that is imposed by any Governmental Agency (including a taxation authority).

Change in Tax means the adoption, promulgation, bringing into effect, repeal, amendment, reinterpretation, change or failure in application against the provisions of the relevant legislation, change in interpretation or modification after the Execution Date of any Applicable Law by any Relevant Authority, relating to any tax, duty, licence fee or other revenue-producing measure, including any application of any tax (including withholding taxes on distribution to shareholders to the extent such withholding taxes are final tax liabilities of the shareholders and are not subject to any credit or adjustment, including any credit or adjustment against any other tax liability), duty, licence fee or other revenue- producing measure which is imposed on Seller and causes Seller to incur for itself any tax, withholding obligation, duty, licence fee or similar revenue producing fee in excess of those Seller would have incurred under any Applicable Law in effect as of the Execution Date.

Change in Tax definition

Filter & Search

Related Definitions