Tax Impact. There may be a tax impact to you resulting from the purchase and sale of securities in your Account. If your Account is not part of a registered retirement savings plan or similar tax deferred plan, you may realize taxable capital gains or deductible capital losses at the time of selling securities in your Account.
Tax Impact. I understand that I (and not the Company) am responsible for tax or legal consequences to me or any of my Beneficiaries resulting from the terms or operation of this Plan. Payments to me from the Plan will be subject to applicable income and employment taxes and withholding, at or before the time paid. I specifically acknowledge that:
Tax Impact. The parties hereto agree to treat any indemnity payment made pursuant to this Article X as an adjustment to the IDIT Purchase Price (with respect to indemnification of any of IDIT's Selling Shareholders Indemnified Parties) or the FIS Purchase Price (with respect to indemnification of any of FIS' Selling Shareholders Indemnified Parties), as the case may be, for Tax purposes. Furthermore, the amount of any Losses claimed by an Indemnified Party pursuant to this Article X shall be reduced by (i) the value of any net tax benefit resulting from such Loss to the extent such net tax benefit is actually realized by the Indemnified Party or its Affiliates in or before the taxable year during which such indemnity payment is to be made and (ii) the amount of any insurance proceeds (net of Taxes) actually received by Indemnified Party related to such Losses.
Tax Impact. The subject property currently contains a single-family residence with an estimated fair cash value of $154,185 and a taxable value of $45,390. If the City were to annex the property and it continued to have a single-family residence on it of the same value, the City would receive $615.03 per year in tax revenue from the property, Urbana School District 116 would receive $2,248.48, and the Urbana Park District would receive $459.12. If the property were to be redeveloped as a small office building, which would be allowed under the proposed B-1, Neighborhood Business zoning district, the tax revenue would likely increase. Although there are many variables that would affect the value of the property if redeveloped, an example of a potentially similar small office building is the 2010 Xxxxx Law Firm building at 000 X Xxxxxxxxxx Xxxxxx. That property has an estimated fair cash value of $425,713 and a taxable value of $141,890, which results in $1,923 in annual tax revenue for the City, $7,029 for the School District, and $1,435 for the Park District.
Tax Impact. The Grantee is solely responsible for determining its tax impact for the receipt of this Grant and the payment of any taxes due thereon.
Tax Impact. The Internal Revenue Service (“IRS”) will treat the Installation Costs payment from Generator to GPC for GPC Interconnection Facilities as either: (i) taxable CIAC income, in which case GPC must pay tax on receipt of such Installation Costs and Generator must reimburse GPC for the Tax Impact Amount; (ii) a non-taxable, non- shareholder contribution to GPC’s capital under special IRS “Safe Harbor” provisions addressed in Safe Harbor (Section 2.4.A); or (iii) an advance, which in the case of either subpart (ii) or (iii) of this Section 2.4 (Tax Impact), GPC may not recognize immediately the Installation Costs as taxable CIAC income, but for which GPC may require financial security as described in Tax Impact Security (Section 2.4.C).
Tax Impact. The Internal Revenue Service (“IRS”) will treat the Installation Costs payment from Generator to GPC for GPC Interconnection Facilities as either: (i) taxable CIAC income, in which case GPC must pay tax on receipt of such Installation Costs and Generator must reimburse GPC for the Tax Impact Amount; (ii) a non-taxable, non-shareholder contribution to GPC’s capital under special IRS “Safe Harbor” provisions addressed in Safe Harbor (Section 2.4.A); or
Tax Impact. The parties hereto agree to treat any indemnity payment made pursuant to this Article XI as an adjustment to the Aggregate Consideration for Tax purposes.
Tax Impact. The Company is a C-Corporation and purchaser hereby agrees to be treated as a shareholder of a C-Corporation and to complete such documents as may be necessary to evidence such treatment.
Tax Impact. If any payment by Sellers pursuant to Section 7 of this Agreement is required to be reported by Buyer or any of its Affiliates as income, then the amount of such payment shall be increased so that on an after-tax basis the payment received by Buyer or such Affiliate is an amount equal to the sum it would have received had Buyer or such Affiliate not been required to report such payment as income. For purposes of this Section 7.5, Taxes owed by Buyer or such Affiliate with respect to payments pursuant to Section 7 of this Agreement will be calculated using the maximum statutory rate (or rates, in the case of an item of income taxable for purposed of more than one Tax) applicable to the taxable year in which Buyer or such Affiliate is required to include such indemnification as income.
