VAT Credit definition

VAT Credit means any credit, offset or receivable arising out of a payment of VAT where either (i) such VAT was imposed on a Separation Transaction, (ii) Remainco or a member of the Remainco Group pays such VAT, or (iii) liability for such VAT is allocated to Remainco under this Agreement.
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VAT Credit has the meaning set forth in Article 14.2.
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VAT Credit has the meaning set forth in Section 9.11(c).
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Examples of VAT Credit in a sentence

  • In the event that a member of the Spinco Group realizes a Tax Benefit arising from a VAT Credit in a Post-Distribution Period, Spinco shall make a payment to Remainco of the amount of such Tax Benefit within 30 Business Days.

  • In the event that Seattle recognizes a Tax Benefit arising from a VAT Credit in a Post-Distribution Period, Seattle shall make a payment to Houston of the amount of such Tax Benefit within 30 Business Days.

  • The Base Purchase Price and the Base Cash Consideration shall be increased by the present value (calculated using an 8.5% discount rate) of the Unrecovered VAT Credit as of the Closing Date.

  • Parent, LuxCo and BHN acknowledge that Magfin’s and SIM’s credits towards Bxxx for the payment of the consideration for the assignment of the VAT Credits have been extinguished prior to the Closing Date by way of set-off against their debts towards Bxxx up to the amount corresponding to each of the Magfin VAT Credit and the SIM VAT Credit.

  • Pursuant to this Agreement, the Xxxxxxxx Parties hereby agree to forever be barred from asserting any claim to the VAT Credit or challenging any rights of the Greystone Parties to the VAT Credit.


More Definitions of VAT Credit

VAT Credit means any credit, offset or receivable arising out of a payment of VAT where liability for such VAT is allocated to Houston under this Agreement (and is actually paid by Houston), excluding such credits, offsets or receivables to the extent such amounts are taken into account in computing amounts payable pursuant to Section 2.10 of the Separation and Distribution Agreement.
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VAT Credit is defined in Section 25 of that Act) under Sections 25 and 26 of that Act for the "prescribed accounting period" (as that expression is used in Sub-Section 25(1) of that Act) in relation to Value Added Tax
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VAT Credit means any credit, offset or receivable arising out of a payment of VAT.
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VAT Credit has the meaning set forth in Section 8.12.5 (VAT Credits).
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VAT Credit means the excess of output VAT available to the Company to be either set-off or asked for refund.
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VAT Credit means any credit that the Pledgor might have against the relevant VAT authorities
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Related to VAT Credit

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Pension Credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Service Credit means the periods of time for which the required contributions have been made to

  • Service credit month means a full service credit month or an

  • Credit hour means 50 minutes of classroom instruction in

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Credit Account is modified to read “Grant Account”.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Credit Line as defined in Section 2.1.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Administrative User means any of Your employees, consultants, independent contractors or customers to whom You grant administrative permission to access the Services in accordance with Company’s entitlements and procedures and this Agreement (where “administrative permission” includes, but is not limited to, the right to create, modify and delete User accounts, as well as the right to access and modify Your billing information and other functionality available through Company’s administrative control panel).

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.

  • Letter of Credit Limit means $5,000,000.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.