Estimated Tax Payment definition

Estimated Tax Payment means, with respect to an income Tax Return, any payment of estimated Tax for such Tax Return or any overpayment of Tax in a previously filed Tax Return that is carried forward and credited against Taxes owed on such income Tax Return.
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Estimated Tax Payment means, with respect to an income Tax Return, any payment of estimated Tax for such
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Estimated Tax Payment shall be aggregate of (i) the portion of the Purchase Price subject to Tax withholding pursuant to the provisions of federal, state, local or non-U.S. law, as listed on Schedule 8.1(a); and (ii) estimated franchise tax reflecting the reporting activity of the Target Company prior to Closing.
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Examples of Estimated Tax Payment in a sentence

  • For this purpose, 25 percent (or, in the case of Taxable Periods of less than one year, one divided by the number of Estimated Tax Payment Dates in such Period) of Tax Benefits as then estimated for the applicable Taxable Period shall be deemed to accrue and the applicable percentage thereof set forth in the preceding sentence shall be paid at each Estimated Tax Payment Date.

  • AG US Holdings and Subsidiaries shall pay to AFS, on each Estimated Tax Payment Date, an amount equal to the estimated Tax Benefits for the applicable Taxable Period.

  • Seller and Buyer shall cooperate in good faith and shall promptly provide each other with all information necessary to determine the 338 Tax Payment and the 338 Estimated Tax Payment.

  • At the Closing, contingent on Buyer paying the 338 Estimated Tax Payment to the Seller at the Closing as required by Section 8.2, the Seller shall execute and deliver to the Buyer all necessary copies of IRS Form 8023 and any applicable similar forms required by state or local law to effectuate the Section 338 Election, subject to paragraph (ii) below.

  • At least fifteen (15) days before the Closing, the Seller shall send a notice to the Buyer which shall set forth a good faith estimate of the 338 Tax Payment and the Buyer shall pay to the Seller an amount equal to such good faith estimate (the "338 Estimated Tax Payment") at the Closing.

  • The amount of the Estimated Tax Payment so paid shall reduce dollar-for-dollar the indemnity obligations of the Purchaser and the Parent under this paragraph 8.5.

  • For purposes of this Section 2.06, any Estimated Tax Payment Surplus shall be treated as a refund or credit of Indemnifiable Taxes for the Pre-Closing Tax Period to which such Estimated Tax Surplus relates, received on the date the consolidated U.S. federal Income Tax Return for such Pre-Closing Tax Period is filed.

  • If the approved return includes any overpayment of taxes due to overpayment of the Estimated Tax Payment, then, when SRC receives the refund or otherwise obtains the benefit of the overpayment through an offset against Taxes then payable, SRC will remit the overpayment to the Stockholders (pro rata).

  • The Parties agree that, at Closing, US $3,000,000 of the Purchase Price plus the amount of the Estimated Tax Payment (“Indemnification Holdback”) shall be deposited into escrow with the Escrow Agent (the “Escrowed Cash”) to be held pursuant to the terms and conditions of a certain escrow agreement executed by and among the Parties and the Escrow Agent, in the form attached hereto as Exhibit B (“Escrow Agreement”).

  • Subject to the terms and conditions of this Agreement, at the Closing, Purchaser shall deliver to Seller the Purchase Price plus the Estimated Tax Payment by wire transfer of immediately available funds to a bank account designated in writing by Seller.


More Definitions of Estimated Tax Payment

Estimated Tax Payment means the Seller's estimated Tax liability relating to federal and state corporate income taxes and reflected on Seller's closing balance sheet for the period prior to and including the Closing Date as indicated on a statement delivered to Purchaser not less than one business day prior to the Closing Date.
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Estimated Tax Payment means for a Taxable Period the aggregate payments by Worldwide to Parent or, as the case may be, for such Taxable Period provided in Paragraph 3.
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Estimated Tax Payment. Section 1.7 hereof.
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Estimated Tax Payment shall have the meaning given in Section 7.01(c).
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Estimated Tax Payment means the dollar amount estimated to be owed by the Corporation to the IRS or other taxing authority for federal, state and local income taxes due and payable for the fiscal year ended December 31, 2011 to be paid by the Corporation to the IRS or such other taxing authority on or before the Closing.
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Related to Estimated Tax Payment

  • 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.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • 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.

  • Indemnified Taxes means Taxes other than Excluded Taxes.

  • 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.

  • 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.