Original Basis Adjustment definition

Original Basis Adjustment means (i) the adjustment to the tax basis of the Original Assets as a result of the transactions pursuant to the Unit Purchase Agreement among Gorilla Acquisition LLC, Desert Newco, and The Go Daddy Group, Inc. dated as of July 1, 2011 and (ii) any subsequent adjustment in the tax basis of an Original Asset determined, in whole or in part, by reference to any prior Original Basis Adjustment.
View Source
Original Basis Adjustment means (i) the adjustment to the tax basis of the Original Assets as a result of the transactions pursuant to the Stock Purchase Agreement among Janus Holdco LLC, Janus ESOP Holdings, Inc., Janus ESOP Holdings Inc. Employee Stock Ownership Trust, Shareholder Representative Services LLC, and DC Capital Partners Fund II, L.P., dated as of November 20, 2017 and (ii) the adjustment to the tax basis of the Original Assets as a result of the transactions pursuant to the Stock Purchase Agreement by and among Comprehensive Health Holdings, Inc., Comprehensive Health Services, Inc., Gladiator OpCo, LLC, Sallyport Logistics & Security LLC, and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇., dated March 22, 2018 and, (iii) any subsequent adjustment in the tax basis of an Original Asset determined, in whole or in part, by reference to any prior Original Basis Adjustment.
View Source

Examples of Original Basis Adjustment in a sentence

  • For purposes of calculating the Realized Tax Benefit or Realized Tax Detriment for any period, carryovers or carrybacks of any Tax item attributable to the Basis Adjustments, Pre-IPO NOLs, Original Basis Adjustment, Remedial Allocations and Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type.

  • If a carryover or carryback of any Tax item includes a portion that is attributable to the Basis Adjustment, Pre-IPO NOLs, Original Basis Adjustment, Remedial Allocations, or Imputed Interest and another portion that is not, such respective portions shall be considered to be used in accordance with the “with and without” methodology.

  • If a carryover or carryback of any Tax item includes a portion that is attributable to the Basis Adjustment, Pre-IPO NOLs, Original Basis Adjustment, Remedial Allocations or Imputed Interest and another portion that is not, such respective portions shall be considered to be used in accordance with the “with and without” methodology.

  • If a carryover or carryback of any tax item includes a portion that is attributable to the Basis Adjustment, Original Basis Adjustment, or Imputed Interest and another portion that is not, such respective portions shall be considered to be used in accordance with the “with and without” methodology.

  • For purposes of calculating the Realized Tax Benefit or Realized Tax Detriment for any period, carryovers or carrybacks of any tax item attributable to the Basis Adjustments, Original Basis Adjustment, and Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of state, local and non-U.S. tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type.