Prepaid Taxes Sample Clauses

Prepaid Taxes. If any portion of any other assessments (e.g. special assessments and specifically excluding Taxes) paid by Seller with respect to the Property at or prior to the Closing, determined on a cash (rather than accrual) basis, relate to any time including or after the Closing Date, Buyer shall pay to Seller at the Closing the proportionate amount of such other assessments paid by Seller, based upon (x) the period of time to which such other assessment applies and (y) the Closing Date.
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Prepaid Taxes. If any portion of the Taxes paid by Seller with respect to the Real Property at or prior to the Closing is for a tax fiscal period (“Tax Period”) which includes the period from, including or after the Closing, Purchaser shall pay to Seller at the Closing the amount of the Taxes paid for such Tax Period prorated for the number of days, from, including and after the Closing through the end of such Tax Period.
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Prepaid Taxes. The Xxxxxxx Shores filing 1604.01(a) reporting requirements Balance Sheet reports prepaid property tax, account 163 of $1,776 which agrees with the general ledger. 163.01 - Prepaid Taxes, NHDRA Utlity Tax $ 589 163.02 - Prepaid Property Taxes $ 1,187 $ 1,776 The prepaid NHDRA Utility Tax amount of $589 was from the 2017 purchase of the system and was not expensed in 2018. It remains in the prepaid NHDRA Tax account #163.01. Audit Issue #4 Payroll Taxes LRWC account 408.12 Payroll Taxes totaled $27,503 on the general ledger for the test- year 2018. Xxxxxxx Shores received a 3% allocation totaling $825 reported on the filing. Xxxxxxx Shores received no allocation of the accrued taxes. Utility Property Tax Return The State Utility Tax, account 408.13 received 3% allocation from the LRWC total of $25,400 or $762. Audit verified the amount on the LRWC 2018 general xxxxxx. Income Taxes Per the testimony of Xxxxxxx X. St. Xxx, accumulated deferred income taxes related to the Xxxxxxx Shores book and tax depreciation differences have not been separated from LRWC at the time of the filing. General Ledger Filing w/ 3% Admin. 409.01 - Federal Income Taxes $ - $ 639 409.02 - State Business Tax $ - $ 86 410.01 - Deferred Federal Income Taxes $ - $ 3,750 $ - $ 4,474 Audit reviewed the New Hampshire State Business Enterprise/Profits tax form for the test year. The return combines the Business Enterprise Tax (BET) and Business Profits tax (BPT) and the following is a breakdown of the tax calculations: Tax calculation- BET $ 2,859 Tax calculation- BPT $ -0- Total Tax Due for 12/31/2018: $ 2,859 Less: Prior CR Carryover $(12,438) Total Credit $ (9,579) Audit verified the 2018 LRWC Accrued NH Business Taxes to the general ledger account 235 in the amount of $(9,588), a difference of $9. Deferred Income Tax, account 410.01 totaled $125,000 on the general ledger at year-end for LRWC. Audit verified the amount on the Company’s 2018 Federal Tax return. AUDIT ISSUE #1
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Prepaid Taxes. 1280.3 Prepaid Insurance. 1280.4
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Prepaid Taxes. Any prepaid Taxes.
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Prepaid Taxes. If any portion of any assessments against the Property other than taxes that are paid by Seller with respect to the Property at or prior to the Closing, relate to any time including on or after the Closing Date, Purchaser shall pay to Seller at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.
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Prepaid Taxes. Prepaid tax payments made by Sellers.
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Prepaid Taxes. The Base Purchase Price shall be increased by the amount of any 2007/Payable 2008 Property Taxes that have been prepaid by Seller on or prior to the Closing Date.
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Related to Prepaid Taxes

  • Straddle Period Taxes Seller shall, at its own expense, prepare and timely file all Tax Returns relating to all real property Taxes, personal property Taxes or similar ad valorem obligations levied (i) on the owner of the Transferred Loans for any taxable period that begins before the Cut-Off Time and ends after the Cut-Off Time and (ii) on the owner of all other CIT Bank Purchased Assets for any taxable period that begins before the Closing Date and ends after the Closing Date (each such taxable period, a “Straddle Period”, and such Taxes, “Straddle Period Taxes”), whether imposed or assessed before or after the Cut-Off Time or the Closing Date, as appropriate. Buyers shall be liable for and shall indemnify Seller, its Affiliates and each of their respective officers, directors, employees, stockholders, agents, and representatives against all liability for the amount of such Straddle Period Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending after the Cut-Off Time for the Transferred Loans and after the Closing Date for all other CIT Bank Purchased Assets and the denominator of which is the number of days in the entire relevant Straddle Period. Seller shall be liable for and shall indemnify Buyers, their Affiliates and each of their respective officers, directors, employees, stockholders, agents, and representatives against all liability for the amount of such Straddle Period Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending before the Cut-Off Time for the Transferred Loans and ending on or before the Closing Date for all other CIT Bank Purchased Assets and the denominator of which is the number of days in the entire relevant Straddle Period. Any credits relating to a Straddle Period shall be taken into account as though the relevant Straddle Period ended at the Cut-Off Time or on the Closing Date, as appropriate. Any material Tax Return for a Straddle Period shall be submitted to Buyers by Seller at least ten (10) Business Days prior to the due date of such Tax Return (taking valid extensions into account). Buyers will pay to Seller, within two (2) Business Days after the filing of any such Tax Return by Seller, an amount equal to the portion of the Straddle Period Taxes reflected on such Tax Return for which Buyers are liable under this Section 6.11. For the avoidance of doubt, Straddle Period Taxes do not include any Taxes owed by an Obligor with respect to real property securing any Transferred Loan.

  • Payments and Taxes Any and all payments made by Borrower under this Agreement or any other Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any governmental authority (including any interest, additions to tax or penalties applicable thereto) other than any taxes imposed on or measured by any Lender’s overall net income and franchise taxes imposed on it (in lieu of net income taxes), by a jurisdiction (or any political subdivision thereof) as a result of any Lender being organized or resident, conducting business (other than a business deemed to arise from such Lender having executed, delivered or performed its obligations or received a payment under, or enforced, or otherwise with respect to, this Agreement or any other Loan Document) or having its principal office in such jurisdiction (“Indemnified Taxes”). If any Indemnified Taxes shall be required by Law to be withheld or deducted from or in respect of any sum payable under this Agreement or any other Loan Document to any Lender, (a) an additional amount shall be payable as may be necessary so that, after making all required withholdings or deductions (including withholdings or deductions applicable to additional sums payable under this Section) such Lender receives an amount equal to the sum it would have received had no such withholdings or deductions been made, (b) Borrower shall make such withholdings or deductions, (c) Borrower shall pay the full amount withheld or deducted to the relevant taxing authority or other authority in accordance with applicable Law, and (d) Borrower shall deliver to such Lender evidence of such payment. Borrower’s obligation hereunder shall survive the termination of this Agreement.

  • Fees and Taxes 8.1 All fees payable to Oracle are due within thirty (30) days from the invoice date. Once placed, Your order is non-cancelable and the sums paid nonrefundable, except as provided in this Agreement or Your order. You will pay any sales, value-added or other similar taxes imposed by applicable law that Oracle must pay based on the Services You ordered, except for taxes based on Oracle’s income. Also, You will reimburse Oracle for reasonable expenses related to providing any Professional Services. Fees for Services listed in an order are exclusive of taxes and expenses.

  • Transfer Fees and Taxes If any of the Common Shares subscribed for are to be issued to a person or persons other than the Registered Warrantholder, the Registered Warrantholder shall execute the form of transfer and will comply with such reasonable requirements as the Warrant Agent may stipulate and will pay to the Corporation or the Warrant Agent on behalf of the Corporation, all applicable transfer or similar taxes and the Corporation will not be required to issue or deliver certificates evidencing Common Shares unless or until such Warrantholder shall have paid to the Corporation or the Warrant Agent on behalf of the Corporation, the amount of such tax or shall have established to the satisfaction of the Corporation and the Warrant Agent that such tax has been paid or that no tax is due.

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