Inheritance Tax. (i) Neither the Company nor any Subsidiary has: (A) made any transfer of value within sections 94 and 202 of IHTA 1984; or (B) received any value such that liability might arise under section 199 of IHTA 1984; or (C) been a party to associated operations in relation to a transfer of value as defined by section 268 of IHTA 1984. (ii) There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Shares or any asset of the Company or any Subsidiary. None of them are subject to any HM Revenue & Customs charge as mentioned in section 237 and 238 of IHTA 1984. (iii) No asset owned by the Company or any Subsidiary, nor the Shares, are liable to be subject to any sale, mortgage or charge by virtue of section 212(l) of IHTA 1984.
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Sources: Share Purchase Agreement (Purpose Financial Holdings, Inc.), Share Purchase Agreement (Purpose Financial Holdings, Inc.)
Inheritance Tax. (ia) Neither the Company nor any Subsidiary has:
(A) has made any transfer transfers of value within sections 94 Sections 94, 99 and 202 of IHTA 1984; or
the Inheritance Tax ▇▇▇ ▇▇▇▇ (B“IHTA”) nor has the Company or any Subsidiary received any a transfer of value such that liability might arise under section Section 199 of IHTA 1984; or
(C) nor has the Company or any Subsidiary been a party to associated operations in relation to a transfer of value as defined by section Section 268 of IHTA 1984IHTA.
(iib) There is no unsatisfied liability to inheritance tax attached to, to or attributable to, to the Shares or any asset of the Company or any Subsidiary. None Subsidiary and none of them are subject to any an HM Revenue & Customs Customs’ charge as mentioned in section Section 237 and 238 of IHTA 1984IHTA.
(iiic) No asset owned by the Company or any Subsidiary, Subsidiary nor any of the Shares, are Shares is liable to be subject to any sale, mortgage or charge by virtue of section 212(l) of IHTA 1984Section 212 IHTA.
Appears in 1 contract
Inheritance Tax. (i) 14.1 Neither the Company nor any Subsidiary has:
(Aa) made any transfer of value within sections 94 and 202 of IHTA 1984; or
(Bb) received any value such that liability might arise under section 199 of IHTA 1984; or
(Cc) been a party to associated operations in relation to a transfer of value as defined by section 268 of IHTA 1984.
(ii) 14.2 There is no unsatisfied liability to inheritance tax attached to, or attributable to, to a transfer of value comprising the Sale Shares or any asset of the Company or any Subsidiary. None of them are subject to any HM Inland Revenue & Customs charge as mentioned in section 237 and 238 of IHTA 1984.
(iii) 14.3 No asset owned by the Company or any Subsidiary, nor the Sale Shares, are liable to be subject to any sale, mortgage or charge by virtue of section 212(l212(1) of IHTA 1984.
Appears in 1 contract
Sources: Share Purchase Agreement (Bright Horizons Family Solutions Inc.)