Income Tax definition

Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

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Income Tax means all U.S. federal, state, local and foreign income, franchise or similar Taxes imposed on (or measured by) net income or net profits, and any interest, penalties, additions to Tax or additional amounts in respect of the foregoing.

Income Tax means any Tax imposed upon or measured by net income or gain (however denominated).

Examples of Income Tax in a sentence

• The Company shall prepare, or cause to be prepared, and timely file (on behalf of the Company), taking into account any applicable extensions, any Tax Returns required to be filed by the Company and each Subsidiary of the Company that are not Income Tax Return, including Tax Returns related to sales, use, property, and similar Taxes (in each case, a “Non-Income Tax Return”).

• The Blocker Member shall have sixty (60) days to review and comment on such proposed Income Tax Returns and undisputed and reasonable comments will be incorporated into such Income Tax Returns.

• The taxes arising from the obligations assumed in this Agreement are the responsibility of the respective taxpayers, each of which shall be responsible for itself, as the taxpayer or withholding source of the tax obligation, especially the Tax on Services (ISS) and the Income Tax (IR).

• Further, Agent is indemnified under § 1.1461-1(e) of the United States Income Tax Regulations against any claims and demands of any Lender, Issuer or assignee or Participant of a Lender or Issuer for the amount of any tax it deducts and withholds in accordance with regulations under § 1441 of the Code.

• Each Member shall use reasonable efforts to furnish to the Company any pertinent information in its possession relating to the Company’s, or any Subsidiary of the Company’s, operations that is reasonably necessary and requested to enable the Company’s, or any Subsidiary of the Company’s, Income Tax Returns to be timely prepared and filed.

More Definitions of Income Tax

Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

Income Tax means any federal, state, local, or non-U.S. income tax measured by or imposed on net income, gross income (other than severance taxes), adjusted gross income, or some derivative thereof, including any interest, penalty, or addition thereto, whether disputed or not.

Income Tax means any Federal Income Tax, State Income Tax or Foreign Income Tax.

Income Tax or “Income Taxes” means any Tax that is imposed on or measured by or referred to as income, gross income, gross receipts, profits, capital stock, franchise or other similar Tax.

Income Tax means a tax imposed on or measured by net income including any tax imposed on or measured by an amount arrived at by deducting expenses from gross income, one or more forms of which expenses are not specifically and directly related to particular transactions.

Income Tax means any income, franchise or similar Taxes imposed on (or measured by) net income or net profits.

Income Tax means any United States federal, state, local, or foreign Tax based on or measured by reference to net income, including any interest, penalty, or addition thereto, whether disputed or not.