Common use of Income Tax Clause in Contracts

Income Tax. For purposes of this Section 7, the term "Income Tax" means any Tax based on or measured by gross or net income or receipts (other than sales, use, license or property Taxes or Taxes in the nature thereof) (including, without limitation, capital gains taxes, minimum taxes, income taxes collected by withholding and taxes on tax preference items), and Taxes which are capital, doing business, excess profits or net worth taxes and interest, additions to tax, penalties, or other charges in respect thereof.

Income Tax. For purposes of this Section 7, the term "“Income Tax" ” means any Tax based on or measured by gross or net income or receipts (other than sales, use, license or property Taxes or Taxes in the nature thereof) (including, without limitation, capital gains taxes, minimum taxes, income taxes collected by withholding and taxes on tax preference items), and Taxes which are capital, doing business, excess profits or net worth taxes and interest, additions to tax, penalties, or other charges in respect thereof.

Income Tax. For purposes of this Section 77.1, the term "Income Tax" Tax ---------- means any Tax based on or measured by or with respect to gross or net income or receipts (other than sales, use, license or property Taxes or Taxes in the nature thereof) (including, including without limitation, capital gains 50 taxes, personal holding company taxes, minimum taxes, income taxes collected by withholding and taxes on tax preference items), preferences) or gross or net receipts and Taxes which are capital, doing net worth, conduct of business, franchise or excess profits or net worth taxes and interest, additions to tax, penalties, or other charges in respect thereofthereof (provided, however, that sales, -------- ------- use, rental, value-added, excise, or property taxes shall not constitute an Income Tax).