Annual Tax Liability definition

Annual Tax Liability has the meaning set forth in Section 5.2(c).

Annual Tax Liability means, for any Fiscal Year, an amount equal to:

Annual Tax Liability means the amount that is equal to (y) the product of (i) the Assumed Tax Rate and (ii) the net taxable income, including income from the application of Section 704(c) but excluding any gain, loss or deduction resulting from the application of Section 743 or Section 754 of the Code allocated to such Member (or its successor-in-interest) with respect to its Common Units for such Allocation Year. To assist the Common Members with any quarterly estimated tax payments that they might owe, the Company agrees to make commercially reasonable efforts to make quarterly estimates of any annual Tax Liability Distribution that the Company estimates would be owed to the Members, with such estimates being trued up in connection with the payment of the annual Tax Liability Distribution.

Examples of Annual Tax Liability in a sentence

• Annual tax liability — groups (1) The amount of pay‑roll tax payable by a group for an assessment year is to be worked out in accordance with subsection (2) if at all times during the assessment year there is at least one member of the group who pays or is liable to pay WA taxable wages or interstate taxable wages as a group member, whether or not any member of the group pays or is liable to pay WA taxable wages or interstate taxable wages as a group member throughout the whole assessment year.

• Annual tax liability: groups [(1A) deleted] (1) The amount of pay‑roll tax payable by a group for an assessment year is to be worked out in accordance with subsection (2) if at all times during the assessment year there is at least one member of the group who pays or is liable to pay Australian taxable wages as a group member, whether or not any member of the group pays or is liable to pay Australian taxable wages as a group member throughout the whole assessment year.

• Annual tax liability: groups (1) The amount of pay‑roll tax payable by a group for an assessment year is to be worked out in accordance with subsection (2) if at all times during the assessment year there is at least one member of the group who pays or is liable to pay WA taxable wages or interstate taxable wages as a group member, whether or not any member of the group pays or is liable to pay WA taxable wages or interstate taxable wages as a group member throughout the whole assessment year.

• Annual tax liability: groups[(1A) deleted](1) The amount of pay-roll tax payable by a group for an assessment year is to be worked out in accordance with subsection (2) if at all times during the assessment year there is at least one member of the group who pays or is liable to pay Australian taxable wages as a group member, whether or not any member of the group pays or is liable to pay Australian taxable wages as a group member throughout the whole assessment year.

• Annual tax liability: groups (1A) In this section — Australian taxable wages means WA taxable wages and interstate taxable wages.

More Definitions of Annual Tax Liability

Annual Tax Liability means an amount equal to the aggregate, annual tax liabilities of the stockholder(s)/member(s) of the Borrower, arising on account of or in connection with said stockholder(s)'s/member(s)' ownership interests in the Borrower.

Annual Tax Liability means a total tax liability of

Annual Tax Liability means a total tax liability of $100,000.00 or more in the preceding calendar year or a reasonable anticipa- tion of a total tax liability of $100,000.00 or more in the current year as follows:

Annual Tax Liability means a total tax liability of $100,000.00 or more in the preceding calendar year or a reasonable anticipation of a total tax liability of

Annual Tax Liability means, with respect to any Unitholder for any Fiscal Year, an amount equal to (1)(a) the highest U.S. federal income tax rate for individuals in effect for such Fiscal Year, plus (b) the highest applicable state and local income tax rates applicable to any Unitholder for individuals in effect for such Fiscal Year (which, in the case of clauses (a) and (b), takes into account the tax character of the income or gain allocated to the Unitholder by the Company), multiplied by (2) the U.S. federal net taxable income allocated by the Company to such Unitholder for such Fiscal Year. For the avoidance of doubt, the amount determined in clause (1) of the foregoing sentence shall be the same for each Unitholder.

Annual Tax Liability means a total tax liability of $100,000.00 or more in the

Annual Tax Liability means the amount that is equal to (y) the product of (i) the Applicable Tax Rate and (ii) the net taxable income allocated to, or otherwise includable in the taxable income of, such Member with respect to the Company, including any gain, loss or deduction resulting from the application of Code Section 704(c), Code Section 743, or Code Section 754 allocated to such Member (or its successor-in-interest) for such Taxable Year but excluding any so-called guaranteed payments to such Member pursuant to Code Section 707 for the provision of services.