Deferred Tax Liabilities Sample Clauses

Deferred Tax Liabilities. Neither the Company nor any of its Subsidiaries will be required to include any item of income in, or exclude any item of deduction from, taxable income for any Post-Closing Tax Period as a result of any: (i) change in method of accounting for a Taxable period ending before the Closing Date; (ii) “closing agreement” as described in Section 7121 of the Code (or any corresponding or similar provision of state, local, or non-U.S. Tax Law) executed on or before the Closing Date; (iii) installment sale or open transaction disposition made on or before the Closing Date; (iv) prepaid amount received on or before the Closing Date; or (v) election made (or contemplated to be made) under Section 108(i) of the Code.

Deferred Tax Liabilities. The amount of the Deferred State Income Taxes payable reflected in the POC Companies' account number 230010 and the Deferred Federal Income Taxes payable reflected in the POC Companies' account number 230021 shall be excluded from the Balance Sheet, the Closing Balance Sheet and the True-Up Balance Sheet.

Deferred Tax Liabilities. The increase in non-current deferred tax liabilities is due to a $1.3 billion deferred tax liability for the tax impact of the gain recognized for the excess of the fair value of MCBC’s pre-existing 42% interest in MillerCoors over its carrying value (see Note 2 for further discussion), offset by a reduction of $94.6 million as a result of the tax effect of the settlement of the unfavorable component of a water supply agreement between MCBC and MillerCoors that will be reacquired by MCBC as part of the pending Acquisition (see Note 4(i)). The total pro forma adjustment to non-current deferred tax liabilities is summarized as follows: Deferred tax liability for gain on pre-existing 42% interest in MillerCoors $ 1,254.9 Tax effect of settlement of reacquired contractual right (94.6 ) Total pro forma adjustment to non-current deferred tax liabilities $ 1,160.3 Separately, the reduction to current deferred tax liabilities was due to the reclassification of an existing MCBC current deferred tax liability of $155.5 million to accounts payable and other current liabilities (see Note 4(c)).

Deferred Tax Liabilities. Balance Recognised in Recognised Balance January profit and loss in equity December 01, 2014 31, 2014 (Rupees in '000) 14.1 Particulars of borrowings with respect to currencies Note 2014 2013 In local currency 3,557,518 5,042,353 14.2 Details of borrowings secured / unsecured Secured Repurchase agreement borrowings - Government securities 14.2.1 620,170 - Borrowings from SBP Under Long Term Facility - Export Oriented Project (LTF-EOP) 14.2.2 28,311 49,948 Under Long Term Finance Facility (LTFF) 14.2.3 147,719 227,606 Under Finance Facility for Storage of Agricultural Produce (FFSAP) 14.2.4 11,318 14,799

Deferred Tax Liabilities. No payment of any amount attributable to a deferred tax account will be made by the Subsidiaries to the Company. This provision covers deferred tax liabilities, as well as any deferred portion of income taxes of the Company attributable to the Subsidiaries.

Deferred Tax Liabilities. Except as reflected in the Most Recent Financial Statements (including the schedules thereto) of the Acquired Companies, none of the Acquired Companies shall be required to include in a taxable period ending after the Closing taxable income attributable to income that accrued (for purposes of their Most Recent Financial Statements) in a prior taxable period but was not recognized for Tax purposes in any prior taxable period as a result of the installment method of accounting, the completed contract method of accounting, the long-term contract method of accounting, the cash method of accounting or Section 481 of the Code or comparable provisions of state or local Tax Law, domestic or foreign.