Additional Tax Amount definition

Additional Tax Amount shall be (I) $0 for the Tax Year beginning July 1, 2017, (II) $0.75 for the Tax Year beginning on July 1, 2018, (III) $1.75 for the Tax Year beginning on July 1, 2019 and (IV) $3.25 for each Tax Year thereafter for the full remaining Term of this Lease. By way of example, if the Premises contains 100,000 rentable square feet during the Tax Year beginning on July 1, 2020, the Additional Tax Payment for the Tax Year beginning on such July 1 shall be $325,000.00 (i.e., $3.25 x 100,000 = $325,000.00).
Sample 1
Additional Tax Amount the meaning given in Section 3.09(b) of the MPA.
Sample 1
Additional Tax Amount has the meaning ascribed thereto in Subsection 2.8(a)(iv);
Sample 1

Examples of Additional Tax Amount in a sentence

  • Other than a deduction for the Additional Tax Amount, the transfer of the Tax Refund by Affinia to Dana will not be subject to setoff, recoupment or reduction of any kind.

  • Effective as of the due date (determined without regard to extensions) for the New Fluor Group's Federal Income Tax Return for such NFG Tax Credit Deficiency Year, the amount of the then remaining New Fluor Group Tax Savings (as previously adjusted under this Section 2.01(b)(iv), if applicable) shall be reduced by such NFG Additional Tax Amount, with such adjusted New Fluor Group Tax Savings to be the limitation on New Fluor Group's payment obligations under Section 2.01(b)(iii).

  • Tax expense/(credit) (continued)penalty (Additional Tax Amount) of RM25,708,582 has been provided in respect of these locations for the relevant prior years of assessment (“YA”) from 2014 to 2020 (RM5,870,334 relates to YA 2020, RM5,139,424 relates to YA 2019 and the remaining amount of RM14,698,824 relates to YA 2014 to 2018).

  • Employee will be solely responsible for the payment of any taxes assessed on the payments or benefits provided hereunder, provided Employee shall be entitled to the Additional Tax Amount subject to the limitations of Section 3(a)(ii).

  • In the event that the Company incurs and pays any liability under the Internal Revenue Code of 1986, as amended (the "Code"), Section 1374 or similar state or local statute, in excess of $292,093 (the "Excess Liability"), Parent shall pay to the Company in cash an amount equal to 167% of 30% of the Excess Liability (the "Additional Tax Amount"), provided, however that in no event shall the Additional Tax Amount exceed 167% of the difference between $300,000 and the Estimated Tax Liability.

  • If the Issuer fails to make a payment of interest or Additional Tax Amount, if any, on any Note when due and payable (“Defaulted Interest”), it shall pay such Defaulted Interest plus (to the extent lawful) any interest payable on the Defaulted Interest, in any lawful manner.

  • This displays the total Approved, Discount, Additional, Tax Amount, and Net Amount for all items entered for this selected vendor invoice.

  • References in these Conditions to principal, premium (if any) and interest shall be deemed also to refer to any Additional Tax Amount which may be payable under this Condition 9 or any undertaking or covenant given in addition thereto or in substitution therefor pursuant to the Trust Deed.

  • WILMINGTON TRUST COMPANY, As Trustee By: Authorized Signer [REVERSE OF SECURITY] Definitions As used herein the following capitalized terms have the following meanings: "Additional Tax Amount" shall have the meaning assigned to it in Section 5.1.

  • The Company agrees to promptly pay over to the appropriate taxing authorities the Additional Tax Amount upon receipt of such amount from Xxxxxxx Xxxxxx or other Company designated broker.


More Definitions of Additional Tax Amount

Additional Tax Amount means an amount equal to 0.49751252% of the Additional Tax Amount Consideration.
Sample 1
Additional Tax Amount has the meaning specified in Section 9.3.
Sample 1
Additional Tax Amount shall have the meaning given to that term in Clause 8.7(c)(iv);
Sample 1
Additional Tax Amount has the meaning specified in Section 6.2.
Sample 1

Related to Additional Tax Amount

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Base Tax Year means the property tax levy year used

  • Property tax increment means the amount obtained by:

  • Additional Tax Sums has the meaning specified in Section 10.5.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Tax Increment means the difference between:

  • Incremental Income Taxes is defined in Section 6.9.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Incremental income tax means the total amount withheld

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”