Deferred Tax Asset definition

Deferred Tax Asset means any deferred tax asset received by any of the Transferred Entities from Newpark, including the deferred tax asset received by the Transferred Entities from Newpark in September of 2013, in the amount of approximately $344,000.
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Deferred Tax Asset means any Tax benefit recognized for the estimated future tax effects attributable to temporary differences and carryforwards of the Business arising from Taxes incurred pre-Closing.”
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Deferred Tax Asset means the amount, if any, of the deferred tax asset recognized in accordance with GAAP upon conversion of the Company and Bank to corporations taxed under Subchapter C of the Code.
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Examples of Deferred Tax Asset in a sentence

  • The components of the Net Deferred Tax Asset are set forth on Schedule 3.8(q) by company and type of asset, including offsetting valuation allowances.

  • The Company’s total deferred tax assets and liabilities at September 30, 2008 are as follows: Total Deferred Tax Asset - Noncurrent $ 1,664,366 Total Deferred Tax (Liability) - Noncurrent (156,951 ) Net Deferred Tax Asset (Liability) $ 1,507,415 At September 30, 2008, the Company had a net operating loss carryforward of $4,541,305 which may be used to offset future taxable income.

  • In its capacity as a caixa económica, which was not incorporated and is not organised under a sociedade anónima legal framework, the Issuer cannot benefit from the Deferred Tax Asset Regime approved by Law no.

  • A Deferred Tax Asset Arises with respect to the Retained Bonus Payable where the Retained Bonus Payable is accrued in the accounts of the Company but for which no tax deduction arises until a later time.

  • Except with respect to the Deferred Tax Asset, as hereinafter defined, neither the Buyer nor the Company has any Knowledge (as defined below) of any accounting policies, practices, positions, or methodologies used in the application and interpretation of GAAP of any Company Releasee, that would render the representations based upon the subject matter set forth in Section 3.11 of the SPA untrue.

  • Section 3.13(k) of the Company Disclosure Letter shall be updated to reflect the components of the Net Deferred Tax Asset as taken into account in the Closing Date Book Value.

  • Notwithstanding the foregoing, Gilat shall not be obligated to issue any Gilat Ordinary Shares to GE Americom to the extent that the aggregate amount of Post-Closing Tax Savings exceeds the lesser of the Deferred Tax Asset and $2 million.

  • Intangible Assets, Net 3,578,715 5,319,110 4,698,467 Deferred Tax Asset 0 743,623 1,185,540 12/31: income tax credit for the period.

  • The parties hereto agree and acknowledge the only component of the Closing Purchase Price subject to adjustment pursuant to this Section 2.7 is the Estimated Closing Net Worth Amount, and none of the Fixed Amount, the IT Purchase Price and the Deferred Tax Asset Value is subject to any post-Closing adjustment (except to the extent there may be a reduction of the IT Purchase Price pursuant to Section 5.12 and a reimbursement of the costs of medical and dental plans pursuant to Section 6.2).

  • The parties are party to a Deferred Tax Asset Deed dated 29 September 2014 (“Agreement”).


More Definitions of Deferred Tax Asset

Deferred Tax Asset means, as of any date of determination, the gross deferred tax assets, reduced by any statutory valuation allowances and any nonadmitted deferred tax assets, of the Company as of such date as would be reported in footnote 9.A.1. in the Notes to Financial Statements in the National Association of Insurance Commissioners statement blank used to
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Deferred Tax Asset means the aggregate value of any assets on the Company’s balance sheet that may be used to reduce the Company’s income tax expense in any subsequent period.
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Deferred Tax Asset means the amount of income tax recoverable in future reporting periods.
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Deferred Tax Asset has the meaning given in the Global Tax Matters Agreement;
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Deferred Tax Asset means the deferred tax consequences attributable to deductible temporary differences and carryforwards. A deferred tax asset is measured using the applicable enacted tax rate and provisions of the enacted tax law. A valuation allowance should be recognized if it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the deferred tax asset will not be realized.
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Related to Deferred Tax Asset

  • Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other credit or tax attribute that could be carried forward or back to reduce Taxes (including without limitation deductions and credits related to alternative minimum Taxes).

  • 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.

  • Realized Tax Detriment means, for a Taxable Year, the excess, if any, of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a Determination.

  • 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.

  • Realized Tax Benefit means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the Actual Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination.