Net After-Tax Proceeds definition
Net After-Tax Proceeds means the gross proceeds from such sale, transfer or lease of assets net of any taxes, costs and expenses associated therewith.
Net After-Tax Proceeds means the after-tax consideration paid or payable to a Stockholder (other than a Class B Permitted Holder) in the applicable transaction, assuming for such Person the highest marginal federal, state and local applicable tax rates applicable to an individual living in New York, New York for such transaction taking into account the actual holding period of the stock for each applicable Stockholder (other then a Class B Permitted Holder).
Net After-Tax Proceeds means (i) the gross proceeds (expressed in U.S. dollars) received by the Promissor from the sale of the Pledged Collateral less the Promissor's tax basis in such Pledged Collateral for federal income tax purposes multiplied by (ii) one minus the then current effective consolidated federal, state and local tax rate of the Promissor with respect to such sale, expressed as a decimal.
Examples of Net After-Tax Proceeds in a sentence
For purposes of this Section 11.4(a)(iii), the term "Net After-Tax Proceeds" shall mean the amount realized by the Seller after subtracting any taxes payable by Cabot or the Seller arising from the sale and, if there is a restructuring as requested by the Buyer, further subtracting any other costs, fees, loss or expenses of any kind incurred by Cabot or the Seller as a result of such restructuring or assignment.
The Wife/Husband shall have the right to the Net After-Tax Proceeds of Sale of a portion of the , Inc.
More Definitions of Net After-Tax Proceeds
Net After-Tax Proceeds means, with respect to any Disposition, the gross proceeds received by the Borrower or any Subsidiary from such Disposition less all reasonable legal, title, recording, sales and transfer tax expenses, commissions and income taxes, if any, in connection therewith and any amounts applied to the repayment of Permitted Debt secured by a Permitted Lien on the assets or property disposed of.
Net After-Tax Proceeds means gross proceeds of a sale, distribution or other transaction, net of commissions and sales related fees including professional and filing fees and expenses incurred by the Debtor in connection with the sale, distribution or other transaction giving rise to the proceeds, and LESS the taxes (if any) estimated by the Debtor, acting reasonably and in good faith, to be payable by the Debtor in connection with such sale, distribution, or other transaction.
Net After-Tax Proceeds means, in respect of any sale, transfer or other disposition of Permitted Sale Assets by Borrower or any of its Restricted Subsidiaries, or in respect of the issuance by Borrower of any of its equity securities, the Cash proceeds received by Borrower and its Subsidiaries in connection therewith, net of (i) the reasonable and direct expenses payable following the consummation of the related transaction by Borrower and its Restricted Subsidiaries in connection therewith, (ii) in the case of any sale, transfer or other disposition of any Permitted Sale Assets, the amount of any Indebtedness secured by a Lien on any such Permitted Sale Assets which Borrower and its Restricted Subsidiaries are required to discharge in connection with the sale, transfer or other disposition, and (iii) the reasonably estimated income, capital gains and other taxes payable by Borrower in connection therewith and (iv) as and when received, all Cash received by Borrower with respect to any promissory note or non-Cash Property received by Borrower upon such sale, transfer or other disposition.
Net After-Tax Proceeds means (i) the gross sales proceeds from the sale of any Shares (including any applicable income tax withholdings), less applicable brokerage commissions ("Net Pre-Tax Proceeds"), less (ii) the product obtained by multiplying the Net Pre-Tax Proceeds by Employee's income tax withholding rate, which, for purposes of this Agreement, shall be deemed to be thirty-six and forty-five hundredths percent (36.45%) for all transactions involving the sale of any Shares (including, without limitation, transactions involving Incentive Stock Options). In no event shall this subparagraph (b) modify or otherwise relieve Borrower of its obligation to make the full amount of the payment identified in subparagraph (a) above, and the payment obligations under subparagraph (a) shall be independent of the payment obligations under this subparagraph (b).
Net After-Tax Proceeds means, with respect to any Asset Sale, an amount equal to the net cash proceeds received by Seller from such Asset Sale, after deducting any expenses paid or taxes incurred by Seller in connection with or as a result of such Asset Sale.
Net After-Tax Proceeds means an amount equal to (w) the cash proceeds actually received by the Company from the Securities Portfolio Liquidation net of any expenses, fees or commissions relating to such Securities Portfolio Liquidation less (x) the Payoff Amount less (y) an amount equal to (i) the taxable income or gain realized as a result of the Securities Portfolio Liquidation multiplied by (ii) the sum of the highest marginal federal, state and local Tax rates applicable to the Company for that taxable year that includes the Securities Portfolio Liquidation less (z) an amount equal to fifty percent (50%) of the excise tax imposed on the Special Cash Dividend by Section 4501 of the Code (calculated assuming that Special Cash Dividend is a “repurchase” within the meaning of Section 4501(c) of the Code). An illustrative calculation of the Net After Tax Proceeds is set forth on Section 6.19(d) of the Company Disclosure Memorandum.
Net After-Tax Proceeds means the amount realized by the Seller after subtracting any taxes payable by Cabot or the Seller arising from the sale and, if there is a restructuring as requested by the Buyer, further subtracting any other costs, fees, loss or expenses of any kind incurred by Cabot or the Seller as a result of such restructuring or assignment.