Current Tax Liabilities definition

Current Tax Liabilities means, as of any date, all obligations and liabilities of any Company Group Member which would be required to be included in the line item “Current income taxes and other tax liabilities” on a consolidated balance sheet of the Company as of such date prepared in accordance with GAAP and pursuant to the practices and methodologies used to prepare the Financial Statements.
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Current Tax Liabilities shall have the meaning set forth in the definition of “Closing Liabilities.”
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Current Tax Liabilities the meaning given in Schedule 4; DBC: in respect of a brand, the amount in pounds sterling of direct brand contribution as calculated in accordance with Part 1 of Schedule 5; DBC Adjustment: the amount calculated as such in accordance with Clause 3.9.1;
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Examples of Current Tax Liabilities in a sentence

  • The Seller Indemnifiable Tax Warranties shall survive until the date that is 36 months after the Completion Date, provided, for the avoidance of doubt, neither the Parent nor the Seller shall be liable for breach of such warranties with respect to any Losses in respect of Current Tax Liabilities used to determine clause (a) of the Aggregate Current Tax Liability Payment.

  • For the avoidance of doubt, in all circumstances receivables, payables, Current Tax Assets and Current Tax Liabilities falling due in more than one year shall also be included in the calculation of Spirits and Wine Working Capital.

  • The Merck Member shall have an entitlement (the “Merck Section 14.19 Entitlement”) equal to the amount, if any, by which the Merck Accrued Current Tax Liabilities exceed the aggregate of all Merck Pre-Closing Taxes actually paid by the Merial Venture on or prior to the date on which the Net Special Dividend in respect of the year 1998 is calculated.

  • The RP Member shall have an entitlement (the “RP Section 14.19 Entitlement”) equal to the amount, if any, by which the RM Accrued Current Tax Liabilities exceed the aggregate of all RM Pre-Closing Taxes actually paid by the Merial Venture on or prior to the date on which the Net Special Dividend in respect of the year 1998 is calculated.

  • For the avoidance of doubt, in all circumstances receivables, payables, Current Tax Assets and Current Tax Liabilities falling due in more than one year shall also be included in the calculation of Spirits and Wines Working Capital.


More Definitions of Current Tax Liabilities

Current Tax Liabilities means the liability of the Company for Taxes (other than income Taxes) incurred in the ordinary course of the Company’s operations, with respect to current Tax periods, determined (including a determination as to type and amount) in a manner consistent with the Company’s past practice.
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Current Tax Liabilities means liabilities for current (and not deferred) unpaid non-income Taxes.
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Related to Current Tax Liabilities

  • Tax Liabilities means all liabilities for Taxes.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.