Excess Tax Amount definition

Excess Tax Amount is defined in Section 10.5(c).
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Excess Tax Amount has the meaning set forth in Section 7.4(a)(i).
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Excess Tax Amount means, for each of two Partners, the Tax Amount that would be remaining for such Partners if the Partnership were to distribute the aggregate Tax Amounts of all Partners to the Partners in accordance with their Percentage Interests until one Partner (the "Satisfied Partner") shall have received its entire Tax Amount.
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Examples of Excess Tax Amount in a sentence

  • To the extent that the Taxes for which Sellers are responsible pursuant to this Section 6.3(c) exceed the Tax Amount and are paid or payable by Purchaser (any such amount, the “Excess Tax Amount”), Sellers shall remit the Excess Tax Amount to Purchaser within ten (10) Business Days of the date Purchaser provides notice to Sellers that such amounts have been paid or are due and payable.


More Definitions of Excess Tax Amount

Excess Tax Amount means, with respect to any Partner for any taxable year or other period, the amount, if any, of distributions received by such Partner with respect to such taxable year or other period pursuant to Section 6.2(a)(ii).
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Excess Tax Amount has the meaning set forth in Section 3.02(a).
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Excess Tax Amount is defined in Section 6.1(h).
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Excess Tax Amount shall have the meaning set forth in Section 11.02 hereof.
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Excess Tax Amount has the meaning ascribed to it in Section 6.08.
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Excess Tax Amount has the meaning set forth in Section 10.5.B(2).
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Related to Excess Tax Amount

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • 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).

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.