Indemnity Payment shall have the meaning set forth in Section 4.4(a).
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).
Base Tax Year means the property tax levy year used
Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.
Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.
Base Taxes means the Taxes payable for the Base Tax Year.
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 Benefit Payment is defined in Section 3.1(b) of this Agreement.
Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.
Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.
input tax , in relation to a vendor, means—
Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).
Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;
Input Tax Credit means the credit of input tax;
Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;
Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.
Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.
Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.
State premium tax liability means any liability
council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;
Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.
Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).
Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).
Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
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.
Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.