Tax Benefit definition
Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.
Tax Benefit shall have the meaning provided in Section 4.04(c).
Tax Benefit means the Tax effect of any item of loss, deduction or credit or any other item (including increases in Tax basis) which decreases Taxes paid or required to be paid, including any interest with respect thereto or interest that would have been payable but for such item.
Examples of Tax Benefit in a sentence
Exhibit 2.1 The amount of a Claim will be reduced by any corresponding Tax Benefit as a direct result of the matter giving rise to the Claim, provided that such Tax Benefit is not reversed as a result of a payment under this Clause 11 or otherwise.
More Definitions of Tax Benefit
Tax Benefit means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382, of the Corporation or any direct or indirect subsidiary thereof.
Tax Benefit means any refund, reimbursement, offset, credit, or other reduction in liability for Taxes.
Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.
Tax Benefit shall have the meaning set forth in Section 9.3(c).
Tax Benefit means any reduction in liability for Tax as a result of any loss, deduction, refund, credit, or other item reducing Taxes otherwise payable.
Tax Benefit shall have the meaning set forth in Section 2.8.
Tax Benefit means a reduction in the Tax liability of a taxpayer (or of the affiliated group of which it is a member) for any taxable period. Except as otherwise provided in this Agreement, a Tax Benefit shall be deemed to have been realized or received from a Tax Item in a taxable period only if and to the extent that the Tax liability of the taxpayer (or of the affiliated group of which it is a member) for such period, after taking into account the effect of the Tax Item on the Tax liability of such taxpayer in the current period and all prior periods, is less than it would have been if such Tax liability were determined without regard to such Tax Item.