Taxation Liability definition

Taxation Liability means any liability of any description that may be pursuant to a Tax Act however so described.

Taxation Liability means any Actual Taxation Liability, any Deemed Taxation Liability and any costs, fees and expenses falling within paragraph 11.1(g)

Taxation Liability mean not only any payment or a liability to make any payment (or increased payment) of or in respect of Taxation (whether or not such payment is primarily payable by the Purchaser or the Company and whether or not the Purchaser or the Company has or may have any right of reimbursement from any other person) but also include:

Examples of Taxation Liability in a sentence

• In the event that any liability of the Warrantors under this Deed shall be found to be void but would be valid if the application thereof to a particular Claim or Taxation Liability were limited or deleted or omitted, such liability shall apply with such modification as may be necessary to make it valid and effective.

• The Warrantors will not be liable for any Claim, Locked Box Claim or otherwise under this Agreement and accordingly no Claim, Locked Box Claim or other claim may be brought, in respect of any loss or liability of any member of the Group (including, without limitation, any Taxation Liability) arising as a result of, in connection with or by reference to, the Debt Capitalisation.

• The Warrantors covenant severally to pay to the Purchaser on an after-tax basis an amount equal to any Taxation Liability of the Company arising from any matter, fact, event or circumstance that has occurred on or before the Effective Date in respect of the Company and/or its business and any Taxation Liability as set out in (c) of the definition of Taxation Liability arising at any time and all the limitations of liability as are set out in schedule 5 also apply to the Tax Indemnity given in this clause.

• The Company is not and has not within the last three years been a party to any transaction or arrangement which may cause the Company’s Taxation Liability for any purpose to be calculated in accordance with Schedule 28AA, ICTA 1988 or the transfer pricing provisions of any foreign jurisdiction or double tax convention.

• For the purposes of determining whether a Taxation Liability or a Relief relates to a pre or post Completion period, an accounting period of the Company shall be deemed to have ended on Completion.

More Definitions of Taxation Liability

Taxation Liability means an Actual Taxation Liability or a Deemed Taxation Liability or any other liability of or loss to the Company falling within clause 2.1 hereof;

Taxation Liability shall include:-

Taxation Liability means any liability (not being an Adverse Taxation Liability) to any tax, value added tax, sales tax, duty, penalty, charge, levy, impost or any other cost or liability of any comparable nature and howsoever described (and whether in force prior to, at the time of or subsequent to the provision of the Services) to which the Buyer or any other person would be subject to the extent that, for the purposes of any applicable law or regulation, the Buyer or such other person is (or is treated as being substantially equivalent to) a buyer of fuel as though the fuel were bought for the use by, and account of, the Buyer or such other person (and not on behalf of, or for the ultimate use of, any third person) or otherwise is (or is treated as being substantially equivalent to) a recipient of any of the other Services.

Taxation Liability in relation to any person, means any Actual Taxation Liability of that person or any other liability of, or amount incurred by, or charged against, that person, in each case falling within any of clauses 2.1.1 to 2.1.4 (inclusive);

Taxation Liability and similar shall be similarly defined;

Taxation Liability means the Company's liability for taxes, duties or levies made by the Crown in the right of the Commonwealth of Australia or of any State or Territory or of any of their respective instrumentalities, including income tax, sales tax, customs duty, stamp duty, and all costs, charges, interest, fines, penalties and expenses which are included in, or are incidental to or relate to, the Company's taxation liability. General Indemnity

Taxation Liability means a Liability to the extent it relates directly or indirectly to Taxation; “Transactions” means the implementation of the Scheme of Arrangement, this Agreement, the capitalisation by Six Continents of £[•] of the M and B Group, the funding of M and B to allow it to pay the outstanding consideration arising under this Agreement and the proposed M and B Share Consolidation BUT EXCLUDING the proposed M and B Reduction; “Transactions Liability” means any Liability in relation to the Transactions other than (a) any Liability relating to the publication of any listing particulars or supplementary listing particulars by IHG or M and B pursuant to the Listing Rules; (b) any Liability relating to the Form 20-F of M and B which is expected to be declared effective by the Securities Exchange Commission on or before Completion; (c) any Liability or obligation of IHG, Six Continents or M and B arising under any provision of this Agreement which does not relate to a Transactions Liability ; (d) any Liability or obligation of IHG, Six Continents or M and B arising under the [Demerger Agreement or the] Demerger Sponsorship Agreement; or (e) the obligation to pay the Return of Capital (as defined in the Circular); “Transitional Services Agreement” means the agreement dated [•] between Six Continents and [M and B] relating to the provision of certain transitional services; and White Shield” means [White Shield].