Estimated Tax Credits definition

Estimated Tax Credits has the meaning set forth in Section 2.5(b).
Estimated Tax Credits means, with respect to any period after the Closing Date, the estimated Tax Credits generated during such period as a result of the production of solid synthetic fuel at the Facilities and the sale of such synthetic fuel to unrelated persons that are allocable to Buyer in respect of Buyer's ownership of its Membership Interest which estimate shall be made in accordance with the methodology set forth in Schedule 1.1; provided, however, that Excluded Sales will not be taken into account.
Estimated Tax Credits with respect to any period after the Closing Date, means the estimated Tax Credits generated during such period as a result of the production of solid synthetic fuel at the Facility and the sale of such synthetic fuel to unrelated third parties that are allocable to Buyer in respect of Buyer's ownership of the Membership Interest, which estimate will be made in accordance with the methodology set forth in Schedule 2.5(b) hereto; provided, however, that Excluded Sales will not be taken into account. The Parties shall direct the Administrative Member to prepare and deliver on or before the tenth day after the end of each Quarter or, in the case of the first Quarter ending after the date hereof, the partial Quarter, to Buyer, Seller and MHSI a written report (each, an "Operations Report"), in the form attached hereto as Exhibit B, setting forth the following: (i) a calculation of the Estimated Tax Credits made in accordance with the methodology set forth in Schedule 2.5(b), and the amounts allocated to each Party for such Quarter, (ii) Seller's, MHSI's and Buyer's capital contributions to be made to the Operating Company pursuant to Section 4.1(c) of the Amended LLC Agreement for such Quarter, (iii) the payment on the Base Note, the Fixed Deferred Payment and Variable Deferred Payment owed by Buyer for such Quarter or partial Quarter computed in accordance with Schedule 2.5(b) hereof and any recomputations made by the Administrative Member under Sections 2.5(d) and 2.5(e) hereof during the period after the date of the relevant prior Operations Report and (iv) MHSI's initial estimate of the net taxable loss of the Operating Company for the Quarter and of the depreciation available to Buyer for the Quarter with respect to the special basis increase under Section 743(b) of the Code relating to Buyer's purchase of its interest in the Operating Company. Each Operations Report will include a detailed listing by customer of all synthetic fuel sales from the Facility and identification of any such sales that were Excluded Sales, the allocation of receipts and costs to any sales of Pre-Sale Inventory, and the average energy content per ton of synfuel produced and sold. Attached to the Operations Report will be the analyses from the Independent Chemist of the synthetic fuel produced during the Quarter. In addition, the Manager will certify as part of the Operations Report: (w) the number of tons of synthetic fuel sold to unrelated parties and that were not Excluded Sal...

Examples of Estimated Tax Credits in a sentence

  • Copies of all reports prepared by the Independent Chemist and used in computing the Estimated Tax Credits shall be forwarded to each Member with the Operations Report.

  • The General Partner shall then determine the difference between (x) the Estimated Tax Credits for such calendar year as recomputed using the revised information as set forth in this Section 2.02(b) and (y) the Estimated Tax Credits as originally determined for the four Calendar Quarters in such calendar year.

  • Alternative Plant Locations 22The Model Plant 22Energy Used in the Model Plant 22Labor-Related Costs 24Energy Cost 28Labor and Energy Cost Summary 30CONCLUSIONS 32APPENDIX A Nebraska Advantage - Estimated Tax Credits and Refunds ...............................A-1 APPENDIX B Nebraska Plastics Product Manufacturers ...........................................................

  • With respect to each Calendar Quarter, the Earned Royalty due on the Quarterly Payment Date immediately following such Calendar Quarter shall be an amount equal to the sum of (i) * % of the aggregate Estimated Tax Credits generated by the Project during such Calendar Quarter and (ii) with respect to the Earned Royalty due on any Adjustment Date, plus or minus *.

  • Lender is provided with evidence reasonably satisfactory to Lender and its counsel that: (i) there shall be sufficient funds in the Picture’s budget to complete the Picture for Borrower to qualify for the Estimated Tax Credits in accordance with all laws, regulations and Film Office policies; and (ii) all funds for the Budget (other than the Commitment Amount and documented deferments) have been funded to the Production Account.

  • The General Partner shall then determine the difference between (x) the Estimated Tax Credits for the preceding calendar year and the first Calendar Quarter of the current calendar year, as recomputed using the revised information as set forth in this Section 2.02(a) and (y) the Estimated Tax Credits as originally determined for the four Calendar Quarters in the preceding calendar year and the first Calendar Quarter of the current calendar year.


More Definitions of Estimated Tax Credits

Estimated Tax Credits for any Quarter has the meaning specified in the Partnership Agreement, except that such Estimated Tax Credits for the Quarter first ending after the Adjustment Amount (as defined in the Partnership Agreement) is finalized in each year shall be increased or decreased by the Annual Adjustment Amount.
Estimated Tax Credits has the meaning specified in paragraph 2.3.2 hereof.

Related to Estimated Tax Credits

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Input Tax Credit means the credit of input tax;

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Related Taxes means (i) any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital, registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes and other fees and expenses (other than (x) Taxes measured by income and (y) withholding Taxes), required to be paid (provided such Taxes are in fact paid) by any Parent Entity by virtue of its:

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Taxes means, with respect to any Person for any period, the provision for taxes based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax Distributions taken into account in calculating Consolidated Net Income.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Presumed Tax Rate means the highest effective marginal statutory combined U.S. federal, state and local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income).

  • 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.

  • Indemnified Tax means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of a Credit Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • input tax , in relation to a vendor, means—

  • Indemnified Taxes means Taxes other than Excluded Taxes.

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • After-imposed tax means any new or increased tax or duty, or tax that was exempted or excluded on the contract date but whose exemption was later revoked or reduced during the contract period, other than excepted tax, on the transactions or property covered by this contract that the Contractor is required to pay or bear as the result of legislative, judicial, or administrative action taking effect after the contract date.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.