Net Tax Refund definition

Net Tax Refund means the proceeds of the Tax Refund, net of the Deferred Amounts.
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Net Tax Refund shall have the meaning set forth in Section 7.6(g)(i).
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Net Tax Refund means the tax refund actually received by Tenant or Landlord in contesting the assessed valuation of the Demised Premises and/or the Equipment less the expenses incurred by Tenant or Landlord, as the case may be, in connection with such proceeding. Any right or obligation to have apportioned or apportion any net tax refund as set forth in this Section 6.8 shall survive any expiration or termination of the Term.
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Examples of Net Tax Refund in a sentence

  • For purposes of the preceding sentence, Net Tax Liability Payable or Net Tax Refund Receivable shall mean the amount specified in the Final Determination issued by the applicable state, local or municipal Taxing Authority after both giving effect to utilization of tax credits and net operating losses and taking into account any Adjustments to apportionment factors, Federal taxable income and state modifications to Federal taxable income.

  • Accordingly, the apportionment factor allocation methodology will be applied to the Net Tax Liability Payable or Net Tax Refund Receivable (as defined below) in determining the total amount of the Distributing segment and the Tronox segment.

  • Accordingly, the apportionment factor allocation methodology will be applied to the Net Tax Liability Payable or the Net Tax Refund Receivable as determined by the applicable state, local or municipal Taxing Authority whether as a result of audit, refund claim or otherwise.

  • Specifically, pursuant to the Committee Settlement, the Purchaser has agreed that the proceeds of the Net Tax Refund, if any, shall bedistributed as follows: 77.5% to the GUC Recovery Trust and 22.5% to the Purchaser.

  • The Chatham Parties and/or the Purchaser have also agreed, that the GUC Recovery Trust shall be funded with the GUC Recovery Trust Assets, including Cash, the GUC Recovery Trust Causes Of Action, and a portion of the proceeds of the Net Tax Refund on the Effective Date (or after the Effective Date, as may be required in the case of the proceeds of the Net Tax Refund).

  • In the event that POP receives such refunds, 4MC shall pay to the Shareholders as additional consideration for the purchase of the Stock an amount equal to such refund less any cost incurred by 4MC or POP in obtaining such refund (the "Net Tax Refund").

  • Within a reasonable time after the entry of this Settlement Agreement, the United States shall refund the Net Tax Refund Amount plus accrued interest, if any, to Metallurg (the "Total Net Tax Refund").

  • The Debtors shall transfer all GUC Recovery Trust Assets, including, without limitation, 77.5% of the Net Tax Refund and an undivided interest in the GUC Recovery Trust Causes of Action (together with the Debtors’ privileges), and the proceeds thereof to the GUC Recovery Trust.

  • Accordingly, the apportionment factor allocation methodology will he applied to the Net Tax Liability Payable or the Net Tax Refund Receivable as determined by the applicable state, local or municipal Taxing Authority whether as a result of audit, refund claim or otherwise.

  • For purposes of the preceding sentence, "Net Tax Liability Payable" or "Net Tax Refund Receivable" shall mean the amount specified in the Final Determination issued by the applicable state or local Taxing Authority after both giving effect to utilization of tax credits and net operating losses and taking into account any adjustments to apportionment factors, federal taxable income and state modifications to federal taxable income.


More Definitions of Net Tax Refund

Net Tax Refund means the tax refund actually received by Tenant in contesting the assessed valuation of the Demised Premises less the expenses incurred by Tenant and Landlord in connection with such proceeding. Tenant shall have the right to seek and receive any refund of any tax on its leasehold estate paid by it.
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Net Tax Refund means, in respect of any Tax refund received by the Purchaser or an MCH Company:
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Net Tax Refund is defined in Section 7.2(a).
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Related to Net Tax Refund

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Input Tax Credit means the credit of input tax;

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • 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.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • 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).

  • Base Tax Year means the property tax levy year used

  • 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.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or item of deduction or expense) of a taxpayer (or of the Affiliated Group of which it is a member) for any taxable period.