Existing Tax definition
Examples of Existing Tax in a sentence
As of the Mandatory Exchange Effective Time, (a) all prior intercompany Tax allocation agreements or arrangements solely between or among IAC and/or any of its Subsidiaries, on the one hand, and New IAC and/or members of the New IAC Group, on the other hand, including the Existing Tax Sharing Agreement shall be terminated, and (b) amounts due under such agreements or arrangements as of the date on which the Mandatory Exchange Effective Time occurs shall be settled.
Prior to the Separation Closing, the Parties shall terminate all Tax allocation or sharing agreements that are exclusively between one or more members of the Concentra Consolidated Group, on the one hand, and one or more members of the Select Consolidated Group, on the other hand, including the Existing Tax Sharing Agreement (other than this Agreement).
Notwithstanding such continuing effect of the Existing Tax Allocation Agreement, the parties agree that to the extent the provisions of this Tax Disaffiliation Agreement and the provisions of the Existing Tax Allocation Agreement differ or conflict, the provisions of this Tax Disaffiliation Agreement shall be controlling, and the Existing Tax Allocation Agreement is hereby amended to such extent.
To the extent that a party owes money (the "Payor") to another party (the "Payee") pursuant to this Article II, the Payor shall pay the Payee the amount for which the Payor is required to pay or indemnify the Payee under this Article II on the dates and in the manner specified in the Existing Tax Allocation Agreement.
As of the date hereof, (a) all prior intercompany Tax allocation agreements or arrangements solely between or among Encompass and/or any of its Subsidiaries, on the one hand, and Enhabit and/or any of its Subsidiaries, on the other hand, including the Existing Tax Allocation Agreement, shall be terminated, and (b) amounts due under such agreements or arrangements as of the date hereof shall be settled as promptly as practicable after the date hereof.
The parties acknowledge that the obligations of WRFI and its Subsidiaries under the Existing Tax Allocation Agreement will terminate as of the Offering Date, but that pursuant to section 10 of the Existing Tax Allocation Agreement it will remain in effect for each of WRFI and its Subsidiaries with respect to any period during which WRFI or such Subsidiary must be included in the Torchmark Group.
HUPEG intends to take advantage of all existing municipal incentive programs that would regularly apply to the Development Property Developments (specifically, the Existing Tax Incremental Grant Program) and the City covenants and agrees that the Existing Tax Incremental Grant Program shall exist at the time the Development Property Developments by HUPEG Entities take place.
Prior to the Closing Date, the parties will settle their accounts with respect to Tax matters under the Existing Tax Allocation Agreement for all periods prior to the Closing Date, and will agree as to their respective Tax Liabilities for any Taxable periods beginning before, and ending after, the Closing Date.
As a reduction to any amounts billed to SBC under this Schedule F, PSC will apply a credit equal to the reduction in "Income Tax" resulting from the use of an "Existing Tax Asset" to the extent that "SBC Taxable Income" in any jurisdiction enables PSC to "Utilize" such Existing Tax Asset.
If any Existing 380 Agreement is amended to extend or increase the Existing Tax Rebates, or any new Chapter 380 agreement is created by the City granting new tax rebates, such additional tax rebates shall not be deducted prior to calculating the Proposition A Revenue, unless ATP shall first have agreed to such deduction in writing.