Excess Taxes definition

Excess Taxes means the excess of (x) the Taxes for which RRD Group is liable if an election is made pursuant to section 336(e) of the Code under Section 4.6 of this Agreement, over (y) the Taxes for which RRD Group is liable if such an election is not made, in each case taking into account the allocation of Taxes that is otherwise applicable in this Agreement but without regard to Section 4.6 hereof.

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Excess Taxes means, following the occurrence of a Revenue Sharing Trigger Event, an amount in each month equal to 50% of the amount by which the Pledged Taxes on deposit in the Local Option Tax Accounts in such month exceed the amounts in such month described in paragraphs First through Eleventh in Section 8(d) (Security and Priority; Flow of Funds).

Excess Taxes means the total dollar increase, if any, over the Base Taxes paid or incurred by Landlord in the respective calendar year.

Examples of Excess Taxes in a sentence

Thereafter, the monthly installments of Excess Taxes payable by Tenant shall be appropriately adjusted in accordance with the estimations.
Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Taxes.
Accordingly, commencing upon the Amendment Effective Date, each reference in the Lease to 33.3% as either Tenant’s Share of Excess Expenses or Tenant’s Share of Excess Taxes shall be deleted and “30.6%” shall be substituted it its stead.
If Excess Taxes are imposed through withholding at the source, the Company shall pay, in connection with the applicable Company Purchase, such additional amounts as may be necessary such that after deduction or withholding of all such Excess Taxes (including taxes imposed on such additional amounts), the Indemnitee receives the amount it would have received had no such Excess Taxes been imposed.
If the Excess Taxes as shown on such final Tax Statement are greater or less than the total amounts actually paid by Tenant as Excess Taxes during the year covered by the final Tax Statement, then within ten (10) business days thereafter the appropriate party shall pay to the other party any sums owed.

More Definitions of Excess Taxes

Excess Taxes. The product of (i) the amount by which the Taxes per Square Foot of RA (defined in Exhibit E) for any calendar year or portion thereof during the Lease Term exceeds the Taxes Per Square Foot of RA during the Base Year, multiplied by (ii) the RA of the Premises.

Excess Taxes means taxes (including interest and penalties thereon) in excess of those payable under tax law as of the Effective Date, on the production or severance of the Gas or the sale of Gas at the applicable Sales Price. “Excess Taxes” do not include taxes, interest or penalties thereon which are determined after audit to be due under tax law as of the Effective Date, on the production or severance of the Gas or the sale of the Gas at the applicable Sales Price. “Excess Taxes” also do not include any reductions, delays in payment, limitations, or other changes of tax credits afforded oil and gas operators set forth in AS 43.55.023, AS 43.55.024, or AS 43.55.025 which are passed into law after the Effective Date.

Excess Taxes with respect to any Tax Year shall mean the amount, if any, by which Real Estate Taxes for such Tax Year exceed the product obtained by multiplying the number of square feet of Total Rentable Area of Building by the Excess Taxes Base set forth in the Basic Lease Information.

Excess Taxes means the excess of (x) the Taxes for which MSG Group is liable if an election is made pursuant to section 336(e) of the Code under Section 4.6 of this Agreement, over (y) the Taxes for which MSG Group is liable if such an election is not made, in each case taking into account the allocation of Taxes that is otherwise applicable in this Agreement but without regard to Section 4.6 hereof.

Excess Taxes shall have the meaning set forth in Section 9.1 hereof.

Excess Taxes means the excess of (x) the Taxes for which LGL Group is liable if an election is made pursuant to Section 336(e) of the Code under Section 4.5 of this Agreement, over (y) the Taxes for which LGL Group is liable if such an election is not made, in each case taking into account the allocation of Taxes that is otherwise applicable in this Agreement but without regard to Section 4.5 hereof.

Excess Taxes means the excess of (x) the Taxes for which Networks Group is liable if an election is made pursuant to section 336(e) of the Code under Section 4.6 of this Agreement, over (y) the Taxes for which Networks Group is liable if such an election is not made, in each case taking into account the allocation of Taxes that is otherwise applicable in this Agreement but without regard to Section 4.6 hereof.