Seller Income Tax Returns definition

Seller Income Tax Returns is defined in Section 6.2(a)(i).
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Seller Income Tax Returns is defined in Section 7.5(b).
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Seller Income Tax Returns shall have the meaning specified in Section 5.3(b).
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Examples of Seller Income Tax Returns in a sentence

  • The limits are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to make payments.

  • Purchaser shall be permitted to review and comment on all Seller Income Tax Returns to the extent they related to (i) the income or operations of the Company or (ii) items of income gain, loss or deduction recognized in connection with the transactions contemplated herein.

  • All such Seller Income Tax Returns shall be delivered to Purchaser by Seller no later than thirty (30) days prior to the due date thereof (taking into account the extension of time for filing).

  • Sellers shall deliver to Buyer, at least ten (10) Business Days prior to their due date, any Seller Income Tax Returns for Buyer’s review and comment.

  • Privately owned homes are owned by community members but financially guaranteed by the Band until the mortgage is repaid.

  • The Seller shall pay any Federal income taxes, and the state and local income or franchise taxes related to the Seller Income Tax Returns, attributable to the Companies and the Subsidiaries for such periods.

  • Neither Buyer nor the Group Companies shall have any liability with respect to any Seller Income Tax Returns.

  • To the extent consistent with applicable Law, Sellers will prepare the Seller Income Tax Returns on a basis consistent with the past practices of the Company; provided that, each Seller Income Tax Return shall include elections under Sections 754 (if such election is not already in place) of the Code.

  • All Seller Income Tax Returns shall be prepared in a manner consistent with past practice and without a change of any election or any accounting method of any applicable Group Company, unless otherwise required pursuant to applicable Law.

  • Seller Representative shall remit to Purchaser payment for, and shall be solely liable with respect to, any Taxes with respect to a Pre-Closing Tax Period shown as due on such Seller Income Tax Returns not less than five Business Days before such Taxes are due, or as soon as reasonably practicable thereafter, and Purchaser shall timely file or cause to be timely filed such Tax Returns and timely pay any Taxes shown to be due with such Tax Returns.

Related to Seller Income Tax Returns

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

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

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

  • Tax Returns means any and all reports, returns, declarations, claims for refund, elections, disclosures, estimates, information reports or returns or statements required to be supplied to a taxing authority in connection with Taxes, including any schedule or attachment thereto or amendment thereof.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Pre-Closing Tax Returns has the meaning set forth in Section 4.02(b).

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • 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.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

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

  • Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).

  • 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.

  • Non-Income Tax means any Tax other than an Income Tax.

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

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Tax roll means a permanent record of the taxes charged on property, as extended

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

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

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • 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.

  • 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.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.