Common use of Chargeable Debts Clause in Contracts

Chargeable Debts. No gain chargeable to corporation tax will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a security.

Appears in 3 contracts

Sources: Share Sale and Purchase Agreement (SGS International, Inc.), Share Sale and Purchase Agreement (SGS International, Inc.), Agreement for Sale of Shares (Macrovision Corp)

Chargeable Debts. No gain gains chargeable to corporation tax on chargeable gains will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a securityCompany.

Appears in 3 contracts

Sources: Share Purchase Agreement (Aether Systems LLC), Share Purchase Agreement (Aether Systems Inc), Acquisition Agreement (European Micro Holdings Inc)

Chargeable Debts. No gain gains chargeable to corporation tax on chargeable gains will accrue to the Company on the disposal of any debt owing to the Company not being a debt on a securityit.

Appears in 1 contract

Sources: Acquisition Agreement (Leisure Travel Group Inc)