Tax Assets definition

Tax Assets means all Tax refunds, credits, losses or rebates attributable to a taxable period (or portion thereof) beginning on or prior to the Closing Date and prepayments of Taxes made on or prior to the Closing Date.

Tax Assets means (a) the Basis Adjustments, (b) Imputed Interest, (c) NOLs, and (d) any other item of loss, deduction or credit, including carrybacks and carryforwards, attributable to any item described in clauses (a), (b), and (c) of this definition.

Tax Assets means any refund, abatement or credit of, and all other assets comprising receivables or deferred assets or prepayments for, Taxes arising or resulting from Seller’s and its Affiliate’s conduct of the Business or ownership of the Purchased Assets for taxable periods ending on or before the Closing Date.

Examples of Tax Assets in a sentence

• Deferred Tax Assets are reviewed for the appropriateness of their respective carrying values at each Balance Sheet date.

• Assessment of Recoverability of Deferred Income Tax Assets The Company follows the balance sheet method of accounting for income taxes.

• Deferred Tax Assets Deferred income tax asset carrying amounts depend on estimates of future taxable income and the likelihood of reversal of timing differences.

• Additionally, the values of the Tax Assets listed in Schedule A/B, Item 72 reflect the amounts listed in the Debtors’ books and records, and may reflect amounts accumulated for more than one tax year.

• Realization of Deferred Income Tax Assets Deferred tax assets are recognized to the extent that it is probable that future taxable profits will be available against which those deferred tax assets can be utilized.

More Definitions of Tax Assets

Tax Assets means any net operating losses and net operating loss carryforwards of the Company and its Subsidiaries for tax purposes and any of their other tax assets including, without limitation, items or amounts of deduction, expense, credit, and loss and carryforwards of any such items or amounts.

Tax Assets means all Tax assets, including all refunds or prepayments of, or credits or rebates, for Taxes.

Tax Assets means the net operating losses, credit carryforwards and capital loss carryforwards of the Corporate Taxpayer and its Subsidiaries that relate to taxable periods (or portions thereof) ending on or before the Closing Date, excluding net operating losses that are the subject of an Existing Change TRA (collectively, “NOLs”). For the Taxable Year that includes the Closing Date, the Tax Assets that relate to taxable periods ending on or before the Closing Date shall be determined based on a closing of the books method as of the end of the Closing Date, provided that the Change Shareholder Representatives and the Corporate Taxpayer shall, acting reasonably, together determine the amount of any such Tax Assets. The Tax Assets shall be based on the Closing Date Tax Asset Disclosure Letter.

Tax Assets means (i) the Basis Adjustments, (ii) Imputed Interest, and (iii) Section 704(c) Allocations.

Tax Assets means any Tax receivable, Tax credit or other claim for repayment of Taxes due to the fact that the Taxes actually paid exceed the amount of Taxes that are finally assessed, not including, however, deferred Taxes;

Tax Assets means all deferred tax assets valued according to U.S. GAAP including, but not limited to, those resulting from loss carry forwards or credit carry forwards, as far as they relate to the BASF Pharmaceutical Business and are not used up by Seller prior to Closing;

Tax Assets means the tax assets referred to in the Tax Asset Valuation Methodology.