Standalone Allegion Tax definition

Standalone Allegion Tax means any Tax imposed on or with respect to the Allegion Business, Allegion or any Allegion Subsidiary other than a Consolidated Tax.
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Standalone Allegion Tax means any Tax imposed on or with respect to Allegion or any Allegion Subsidiary other than a Consolidated Tax. “Step Plan” shall have the meaning as specifically agreed between the Parties. “Straddle Period” shall mean, with respect to any Tax, the taxable period commencing prior to, and ending after, the Distribution Date. “Subsidiary” shall have the meaning set forth in the Separation Agreement. “Tax” or “Taxes” shall mean all federal, state, provincial, territorial, county, municipal or local taxes, charges, fees, duties, levies, imposts, rates or other assessments or governmental charges of any kind imposed by any Taxing Authority, including: (i) income, capital gains, gross receipts, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, custom duties, property, sales, use, license, capital stock, transfer, franchise, registration, payroll, deed, withholding, social security, unemployment, disability, value added, alternative or add-on minimum, abandoned or unclaimed property, or other similar taxes, whether disputed or not and including any interest, penalties, charges or additions attributable thereto, (ii) all withholdings on amounts paid to or by the relevant person, (iii) all employment insurance premiums, pension plan contributions or premiums payable to a governmental authority, (iv) any fine, penalty, interest or addition to tax, (v) liability for the payment of any amount of the type described in clauses (i) through (iv) above arising as a result of being (or having been) a member of any group or being (or having been) included or required to be included in any Tax Return related thereto, and (vi) liability for the payment of any amount of the type described in clauses (i) through (v) above as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. “Taxing Authority” shall mean any governmental authority (whether United States or non-United States and including any federal, state, province, territory, municipality, other political subdivision or governmental agency) responsible for the imposition, administration or collection of any Tax. “Tax Notice Recipient” shall have the meaning set forth in Section 4.5(a). “Tax Opinions” mean certain Tax opinions and supporting memoranda rendered by Xxxxxxx Xxxxxxx & Xxxxxxxx LLP pursuant to Section 4.4(c) of the Separation Agreement, Xxxxxx Xxx, XxXxxxxx Xxxxxxxx LLP or PricewaterhouseCoopers LLP...
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Related to Standalone Allegion Tax

  • non-taxable territory means the territory which is outside the taxable territory;

  • Transaction Taxes has the meaning set forth in Section 6.01.

  • 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 period beginning and ending after the Distribution Date.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • SpinCo Separate Return means any Separate Return of SpinCo or any member of the SpinCo Group.

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Tax Group has the meaning set forth in Section 7.06(h)(iii).

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • SpinCo shall have the meaning set forth in the Preamble.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • taxable territory means the territory to which the provisions of this Act apply;

  • 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.

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • 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 Liabilities means all liabilities for Taxes.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.