Tax Advances definition

Tax Advances has the meaning set forth in Section 5.07.

Tax Advances is defined in Section 10.5(a).

Tax Advances means investments, loans or advances to the shareholders of the Borrower to the extent that any such investments, loans or advances are (A) in substitution for and in lieu of Tax Distributions and (B) in an aggregate amount not to exceed the amount of such Tax Distributions.

Examples of Tax Advances in a sentence

• All Tax Advances attributable to a Partner shall, at the option of the General Partner, (i) be promptly paid to the Partnership by the Partner on whose behalf such Tax Advances were made or (ii) be repaid by reducing the amount of the current or next succeeding distribution or distributions which would otherwise have been made to such Partner or, if such distributions are not sufficient for that purpose, by so reducing the proceeds of liquidation of the Partnership otherwise payable to such Partner.

• In the event the Partnership is liquidated and a liability or claim is asserted against, or an expense is borne by, the General Partner, any of their Affiliates or any of their respective members, officers, directors, employees, agents, stockholders or partners for Tax Advances made or required to be made, such parties shall have the right to be reimbursed from the Limited Partner on whose behalf such Tax Advance was made.

More Definitions of Tax Advances

Tax Advances has the meaning given to it in Section 4.2(a).

Tax Advances has the meaning set forth in Section 5.01(b)(i) of this Agreement.

Tax Advances. Has the meaning set forth in Section 5.6 hereto. Mammoth Private Capital, LLC

Tax Advances has the meaning set forth in Section 15(g).

Tax Advances has the meaning set forth in Section 10.2.

Tax Advances has the meaning set forth in Section 5.07. “Tax Amount” has the meaning set forth in Section 4.01(b)(i).

Tax Advances. As defined in Section 4.5(b).