Actual tax rate definition

Actual tax rate means a taxing unit’s actual tax rate used to levy taxes in the applicable preceding tax year.

Actual tax rate has the meaning specified in Section 9.6(k)(ii).

Actual tax rate means a taxing unit ’s actual tax

Examples of Actual tax rate in a sentence

• The Stockholders and Quanta shall calculate with respect to each Stockholder the income taxes payable by such Stockholder at the Actual Tax Rate (the "Actual Amount") with respect to an amount equal to the Actual Income less $750,000.

• Landlord shall provide Tenant a statement on or before June 15 (or as soon thereafter as reasonably possible) after the end of each calendar year, showing the Actual Operating Expenses Rate as compared to the Projected Operating Expenses Rate for such calendar year and the Actual Tax Rate as compared to the Projected Tax Rate for such calendar year.

• As promptly as practicable after the Closing, but in any event within 30 days after the Closing, the Stockholders and Quanta shall in good faith calculate the Company's taxable income for the Interim Tax Period (the "Actual Income") and the Stockholders shall certify in writing to Quanta the highest actual combined and federal income tax rate among the Stockholders (the "Actual Tax Rate").

More Definitions of Actual tax rate

Actual tax rate has the meaning set forth in Section 76.

Actual tax rate means, with respect to an Arrangement Period, (i) the initial premium tax for that Arrangement Period based on MP Premiums, premiums under the Non-MP Policies, and Additional Quarterly Premiums paid with respect to the Arrangement Period divided by (ii) the Policy Revenue for the Arrangement Period. To illustrate, the Actual Tax Rate will be calculated according to the following formula: Actual Tax Rate = ***

Actual tax rate means, with respect to each calendar year during the Term, the Actual Taxes attributable to each square foot of rentable area in the Building (as set forth in Item 21 of the Basic Lease Information), and shall be calculated by dividing the Actual Taxes by the total number of square feet of rentable area in the Building. The term “Tenant’s Proportionate Share of Actual Taxes” shall mean, with respect to each calendar year during the Term, an amount equal to the product of (i) the Actual Tax Rate, multiplied by (ii) the sum of the number of square feet of rentable area in the Premises (as defined in Item 7(a) of the Basic Lease Information) in such year.