Current Year Taxes definition

Current Year Taxes. As defined in Section 11(b).
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Current Year Taxes has the meaning set forth in Section 5.3.
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Current Year Taxes means, with respect to the applicable parcel of real estate, the Real Estate Taxes assessed for, and first becoming a lien against, the applicable real estate during the year in which such real estate is acquired by the applicable party. Declaration shall mean the Declaration Of Covenants, Conditions And Restrictions for XxXxxx Square, which Declaration shall (a) provide minimum standards pertaining to the development, use and maintenance of XxXxxx Square Phase I; (b) ensure the stability and enhancement of values of the land and improvements within XxXxxx Square Phase I; (c) further development and improvement of XxXxxx Square Phase I in an aesthetic and architecturally harmonious manner in accordance with applicable zoning ordinances; (d) establish and apportion rights and responsibilities with regard to facilities and services in, and required for the use and operation of XxXxxx Square Phase I, which may involve, by way of example, the formation of an owners’ association; and (e) make, create, and reserve (i) pedestrian access in, on and across the Project Site; and (ii) access to and continuous use of the parking spaces constructed on and within the Project Site; which spaces, shall be publicly available spaces, including, without limitation for the Mixed-Use Project. Diligence Period shall mean the period: (a) commencing on the Execution Date; and (b) ending not later than one hundred eighty (180) days thereafter; provided, however, that, if all of the conditions set forth in Section 7 and Section 8 are satisfied and/or waived (or deemed to have been waived) prior to such ending date, then the Diligence Period instead shall end on such date as the parties agree that the conditions all have been satisfied and/or waived (or deemed to have been waived). Moreover, the Diligence Period shall be extended on a day-to-day basis for any delay caused by Town Bodies unreasonable failure to issue the Required Permits or approvals, as applicable; provided that the foregoing shall not apply with respect to failures due to: (a) the failure of Company to submit all required information to obtain the Required Permits or approvals in sufficient time to allow the customary review and approval (or rejection) process to occur;
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Examples of Current Year Taxes in a sentence

  • No increase will be paid, due, or owing unless all evidence of valuation and payment have been previously submitted to the LCO.(2) In the event of a decrease in Current Year Taxes from the Real Estate Tax Base, or in the event of any refund or tax deduction, the Lessor shall notify the LCO in accordance with paragraph (b) of this clause.

  • The amount of lump sum payment or rental credit shall be based upon evidence of valuation and payment submitted by the Lessor to the LCO in accordance with paragraph (b).(1) In the event of an increase in Current Year Taxes over the Real Estate Tax Base, the Lessor shall submit a proper invoice of the tax adjustment including the calculation thereof together with all tax bills and evidence of payment to the LCO.

  • Associating Current Year Taxes with Income Groups In order to determine the foreign income taxes paid or accrued by the CFC that are properly attributable to amounts that a domestic corporation that is a United States shareholder of the CFC takes into account in determining its subpart F or GILTI inclusions, proposed §1.960-1(d) provides rules associating current year taxes of the CFC with the types of income earned by the CFC from which the inclusions arise.

  • There is hereby levied a tax at the rate of fifty eight cents ($0.58) per one hundred dollars ($100) valuation of property as listed for taxes as of January 1, 2021, for the purpose of raising the revenue listed as "Current Year" Taxes in the General Fund in Section II of this ordinance.

  • Current Year Taxes shall mean the Real Estate Taxes assessed for, and first becoming a lien against, the Development Land during the year in which the Closing occurs.

  • So long as Landlord receives an abatement of Taxes from the County Assessor, by reason of Tenant’s operation as an agency or department of the State of Colorado: Tenant shall receive a credit against its Monthly Rent beginning with the Commencement Date based upon the Current Year Taxes.

  • If the amount of the Current Year Taxes is not yet ascertainable at the time of Closing, the Current Year Taxes shall be estimated based on 100% of the amount last billed for a calendar year, with no further settlement or adjustment after Closing.

  • If the amount of the Current Year Taxes is known and payable at the time of Closing, Seller and Buyer shall pay their respective shares of the prorated Current Year Taxes at the time of Closing.

  • In case the date of closing mentioned in the Notice Inviting Tender is declared a holiday/bandh /strike on any account ,the date of closing tender on line will not be changed as the application in the web site of IREPS does not permit submission of any offer after closing date and time of the tender.

  • The Government shall make a single annual lump sum payment to the Lessor for its share of any increase in Current Year Taxes during the lease term over Base Year Taxes, or receive a rental credit or lump sum payment for its share of any decreases in Current Year Taxes during the lease term below the Base Year Taxes.


More Definitions of Current Year Taxes

Current Year Taxes means the property taxes and assessments and personal property taxes with respect to each of the Properties assessed for and first becoming a lien during the applicable portion of the tax year in which the Closing occurs.
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Current Year Taxes shall have the meaning set forth in Section 4(a)(1) hereof.
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Current Year Taxes means property taxes, assessments, rates or charges, including interest, fees and costs, as set forth in Iowa Code Section 427.8.
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Current Year Taxes means, with respect to the applicable parcel of real estate, the Real Estate Taxes assessed for, and first becoming a lien against, the applicable real estate during the year in which such real estate is acquired by the applicable party. Declaration shall mean the Declaration Of Covenants, Conditions And Restrictions for XxXxxx Square, which Declaration shall (a) provide minimum standards pertaining to the development, use and maintenance of XxXxxx Square Phase I; (b) ensure the stability and enhancement of values of the land and improvements within XxXxxx Square Phase I; (c) further development and improvement of XxXxxx Square Phase I in an aesthetic and architecturally harmonious manner in accordance with applicable zoning ordinances; (d) establish and apportion rights and responsibilities with regard to facilities and services in, and required for the use and operation of XxXxxx Square Phase I, including, without limitation, provisions allocating to the parcels within XxXxxx Square Phase I a pro-rata share of the costs and expenses incurred in connection with the operation, maintenance, repair, and replacement of infrastructure and common areaswhich may involve, by way of example, the formation of an owners’ association; and (e) make, create, and reserve (i) pedestrian access in, on and across the Project Site; and
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Related to Current Year Taxes

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Base Taxes means Taxes for the calendar year specified as the Base Year in the Basic Lease Information.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • 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.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • 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).

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

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Base Tax Year means the property tax levy year used

  • Post-Distribution Tax Period means a Tax period beginning and ending after the Distribution Date.

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

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

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not