Tax Group definition

Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

Tax Group has the meaning set forth in Section 7.06(h)(iii).

Tax Group has the meaning assigned to such term in Section 6.08(a)(vii)(A).

Examples of Tax Group in a sentence

• Neither the Borrower nor any member of the Tax Group has given, or been requested to give, a waiver of the statute of limitations relating to the payment of any federal, state, local or foreign taxes or other impositions.

• Proper and accurate amounts have been withheld by the Borrower and all other members of the Tax Group from their employees for all periods to comply in all material respects with the tax, social security and unemployment withholding provisions of applicable federal, state, local and foreign law.

• The reserves for accrued Taxes reflected in the financial statements delivered to the Lenders under this Agreement are adequate in the aggregate for the payment of all unpaid Taxes, whether or not disputed, for the period ended as of the date thereof and for any period prior thereto, and for which the Tax Group may be liable in its own right, as withholding agent or as a transferee of the assets of, or successor to, any Person.

• None of the Property owned by the Borrower or any other member of the Tax Group is Property which the Borrower or any member of the Tax Group is required to treat as being owned by any other Person pursuant to the provisions of Section 168(f)(8) of the Code.

• The NOLs are valuable assets as they can be carried back against the federal taxable income of the Tax Group for prior years, allowing the Tax Group to reduce any federal income tax liabilities determined to be owing and to recover federal income taxes paid in those earlier years.

More Definitions of Tax Group

Tax Group has the meaning set forth in Section 4.13.

Tax Group has the meaning specified in Section 7.05(b)(14)(b).

Tax Group has the meaning set forth in the definition of “Permitted Tax Distributions”.

Tax Group shall have the meaning provided in Section 10.03(vi)(B).

Tax Group has the meaning assigned to it in Section 4.13 of this Agreement.

Tax Group means those companies treated for the purposes of determining the amount of or liability for or relief from any Tax as being members of the same group of companies or fiscal unity;

Tax Group has the meaning specified in Section 8.10(g)(i).