Tax Asset definition

Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other credit or tax attribute that could be carried forward or back to reduce Taxes (including deductions and credits related to alternative minimum Taxes).
Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other credit or tax attribute that could be carried forward or back to reduce Taxes (including without limitation deductions and credits related to alternative minimum Taxes).
Tax Asset means any Tax Item that has accrued for Tax purposes, but has not been realized during the taxable period in which it has accrued, and that could reduce a Tax in another taxable period, including a net operating loss, net capital loss, research and development tax credit, investment tax credit, foreign tax credit, charitable deduction or credit related to alternative minimum tax or any other Tax credit.

Examples of Tax Asset in a sentence

  • Purchaser shall, and shall cause the Active Fluids Entities to, use commercially reasonable efforts to obtain any Excess Tax Asset Refunds and Excess Tax Asset Offsets.

  • Notwithstanding the foregoing, to the extent any such Excess Tax Asset Refunds or Excess Tax Asset Offsets are subsequently disallowed by the applicable Governmental Authority, Seller shall promptly repay the amount received in respect of such Excess Tax Asset Refunds or Excess Tax Asset Offsets, together with any interest or other additional amounts imposed by such Governmental Authority with respect to such disallowance, to Purchaser.


More Definitions of Tax Asset

Tax Asset means any Tax Item that has accrued for Tax purposes, but has not been realized during the taxable period in which it has accrued, and that could reduce a Tax in another taxable period, including a net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or credit related to alternative minimum tax or any other Tax credit.
Tax Asset means any Tax Item that could reduce a Tax, including a net operating loss, net capital loss, general business credit, foreign Tax credit, charitable deduction or credit related to alternative minimum Tax or other Tax credit.
Tax Asset means any Tax Item that could reduce a Tax, including a net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or credit related to alternative minimum tax or any other Tax credit.
Tax Asset means any Tax Item that has accrued for Tax purposes, but has not been used during a Tax Period, and that could reduce a Tax in another Tax Period, including, but not limited to, a net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction, credit related to alternative minimum tax and any other Tax credit.
Tax Asset means any net operating loss, net capital loss, tax credit, or any other loss, credit, or Tax attribute, which could reduce any Tax.
Tax Asset means any net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable deduction or any other loss, credit or tax attribute that could be carried forward or back to reduce taxes (including without limitation deductions and credits related to alternative minimum taxes).
Tax Asset has the meaning specified in Section 8.05.