Tax Accrual definition

Tax Accrual means an amount equal to the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by CenterPoint as a result of any payments pursuant to the Special Bonus Plan and (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit). A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i). -----------------

Tax Accrual means an amount equal to the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by Centerprise as a result of any payments pursuant to the Special Bonus Plan and (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit). A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i).

Tax Accrual means the aggregate amount of the accruals, reserves and provisions for Taxes reflected in the computation of the Closing Net Working Capital that has become final and binding pursuant to Section 3.3(b).

Examples of Tax Accrual in a sentence

• Blocker will not be required to include any item of income in, or exclude an item of deduction from, taxable income for any taxable period (or portion thereof) beginning after the Closing Date as a result of any Tax Accrual Amounts.

• Tax Accrual and Tax Collected Columns - Applicable only to school districts, these columns convert tax revenues earned and reported to tax revenues actually collected in this fiscal year.

• Pease-Wingenter, The Application of the Attorney-Client Privilege to Tax Accrual Workpapers: The Real Legacy of United States v.

• Ventry, Jr., Protecting Abusive Tax Avoidance, 120 Tax Notes 857 (2008); and Claudine Pease-Wingenter, The Application of the Attorney-Client Privilege to Tax Accrual Workpapers: The Real Legacy of United States v.

• When convening the evidentiary hearing, the district court called on the parties to present evidence on the question of "[w]hat specific types of documents are included in the 'Tax Accrual Workpapers' and 'backup' documentation" sought by the summons.

More Definitions of Tax Accrual

Tax Accrual means and include the aggregate amount of accruals, reserves and provisions for Taxes on the Closing Balance Sheet and the worksheets thereto, it being understood that the Tax Accrual shall not include amounts on the Closing Balance Sheet for "Deferred Income Taxes."

Tax Accrual means an amount equal to (A) the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by CenterPoint as a result of any payments pursuant to the Special Bonus Plan times (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit) less (B) an amount equal to discounted value (calculated by using a discount rate of 5.17%), as of the Closing Date, of the tax benefit that the Company is expected to realize with respect to capitalized goodwill reflected in the Company's books as of the Closing Date. A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i).

Tax Accrual means the Tax accrual or any portion thereof in the amount of approximately US$2,200,000 relating to periods prior to 1995 which was reflected in the December 31, 1995 Financial Statements.

Tax Accrual means an amount equal to the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by CenterPoint as a result of any payments pursuant to the Special Bonus Plan and (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit). A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i). The Tax Accrual shall be reduced by 34% ----------------- of the present value of the SLRP liability as calculated by Centerpoint's accountants.

Tax Accrual has the meaning specified in Section 4.10(b).

Tax Accrual means the aggregate amount of the reserves, provisions and accruals for Taxes (other than Taxes based on or measured by net income) on the PHC Balance Sheet, up to but not to exceed $1,000. (50) (51) "Transaction Documents" means this Agreement, the Bangor-Pacific Assignment and the other documents and instruments referred to in Sections 3.5(a) and (d). (52) (53) (27) "West Enfield Project Documents" means those documents and agreements defined as such in Annex A to the Loan Agreement. (54) 2 ARTICLE

Tax Accrual means, for each Computation Period, an amount that may be set aside by Assignor as an accrual to be applied against Taxes other than those that are deducted or excluded from Gross Proceeds, which accruals shall be adjusted to the extent actual Taxes paid differ.