Assumed Taxes means the federal, state and local income and employment taxes that would be payable by Executive for the year in question, assuming that the amount taxable would be subject to the highest federal and applicable state and local income and employment tax rates.

Assumed Taxes means, with respect to any Equity Issuance, an amount equal to such incremental annual increase in franchise Taxes as Borrower estimates in good faith shall be payable as a result of such Equity Issuance.

Assumed Taxes means (i) any Taxes of any Transferred Joint Venture Entity for the taxable periods, or portions thereof, beginning after the Closing and (ii) any Taxes imposed with respect to the Group 1 Business (other than any Taxes of a Transferred Joint Venture Entity), the Group 2 Business or any Transferred Assets Related thereto or any income or gain derived with respect thereto for the taxable periods, or portions thereof, beginning after the Closing.

Examples of Assumed Taxes in a sentence

Buyer, at its sole cost and expense, shall control any audits or other proceedings relating to Assumed Taxes.
All refunds for Taxes relating to the Assumed Taxes shall be for the sole benefit of Buyer and to the extent that any Seller or any of their Affiliates receives a refund for a Tax that is for the benefit of Buyer, Sellers shall promptly pay such refund (without interest, other than interest received from the applicable Governmental Authority, and net of any Taxes or other reasonable third party out-of-pocket expenses incurred by Seller in connection with the receipt of such refund) to Buyer.
Upon the Buyers' receipt of a reasonably documented request for any reimbursement therefor, the Buyers shall reimburse the Sellers the amount of any Buyers Assumed Taxes shown as due on such Tax Returns.
The term “Permitted Encumbrances” as used herein shall mean (i) the Assumed Taxes (as hereinafter defined), (ii) any easements, restrictions, claims, rights of way, encroachments or other encumbrances or other matters whatsoever affecting the Property as shown in the Title Commitment and/or Survey and expressly accepted by Buyer (the “Title/Survey Exceptions”).
To the extent required by applicable law, the Sellers shall, and shall cause Electric Power to, timely pay all Buyers Assumed Taxes and file all relevant Tax Returns of the Sellers or Electric Power for all Buyers Assumed Taxes.

More Definitions of Assumed Taxes

Assumed Taxes has the meaning specified under the defined term “Assumed Liabilities.”

Assumed Taxes means, with respect to each Specified Business, any Taxes imposed with respect to such Specified Business or any Transferred Assets Related thereto or any income or gain derived with respect thereto for the taxable periods, or portions thereof, beginning after the Closing.

Assumed Taxes has the meaning set forth in Section 3.2(d).

Assumed Taxes means (i) Transfer Taxes, as determined in accordance with Section 9.1, (ii) Purchaser’s share of Apportioned Obligations, as determined in accordance with Section 9.4(b), and (iii) Taxes relating to any Acquired Assets or Assumed Liabilities arising after the Closing.

Assumed Taxes means any Liability for Taxes arising from the ownership or operation of the Business or the Acquired Assets in a Post-Closing Tax Period. For the avoidance of doubt, Taxes allocated to Buyer under Section 2.10(c) shall be treated as Assumed Taxes.