Tax Impact definition

Tax Impact has the meaning set forth in Section 6.14(a)(vi).
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Tax Impact means an amount equal to the excess of (i) the sum of the federal, state and local income taxes incurred by ▇▇▇▇ Com Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions.
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Tax Impact means federal, state and local income taxes incurred on reimbursement of federal, state and local income taxes. This amount shall be reduced by the net present value of tax benefits receivable on future tax depreciation deductions for the replacement fibers. In addition, this amount shall be reduced by the tax benefit due to any acceleration of tax depreciation deductions for FiveCom Fibers replaced. FiveCom shall have the option of not replacing the failed fibers, or of terminating the Agreement prior to the end of the Initial Term of this Agreement in lieu of sharing in the cost of replacing the FiveCom Fibers; provided that FiveCom may exercise this right to terminate only if, prior to any replacement, less than the Minimum Number of Fibers meet the Specifications.
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Examples of Tax Impact in a sentence

  • For purposes of this Agreement, "Tax Impact" shall mean an amount equal to the excess of (i) the sum of the federal, state and local income taxes incurred by ▇▇▇▇ Com Confidential Materials omitted and filed separately with the Securities and Exchange Commission.

  • If GPC is holding an LC as financial security under Section 2.4.C (Tax Impact Security), Generator must cause the issuing bank to update the LC to reflect the name change and provide proof of the update to GPC within five Business Days after the name change.

  • In the event TopCo determines that an Adverse Tax Impact would result from the restructuring of its holdings of NFE Shares under this Section 1(c), ▇▇▇▇▇ agrees that TopCo shall cooperate with Executive and his advisors in good faith to explore and implement alternative structures that mitigate the Adverse Tax Impact and reduce any adverse tax consequences to Executive.

  • Additionally, the Parties will address and make satisfactory arrangements regarding any remaining or outstanding financial obligation under this QFIA, specifically including O&M Costs and Tax Impact Amount security or payment.

  • For purposes of this Section 1(c) or the cost of admitting the Executive as a member of such partnership, ▇▇▇▇▇ acknowledges and agrees that any loss of tax deductions arising from the issuance of profits interests as contemplated by this Section 1(c) shall not constitute or otherwise give rise to an Adverse Tax Impact.

  • GPC will return the Tax Impact security LC to Generator within 10 Business Days after the Parties’ written agreement regarding successful completion of the Safe Harbor Disqualification Test Period.

  • In the event of [**] Structures, any other property of ▇▇▇▇ Com or its Affiliates, or [**], ▇▇▇▇ Com, through its designated representatives, [**], unless it is determined that acts or omissions of FiveCom or its customers caused the situation requiring the relocation, in which case [**] in the relocation, including provision for any related federal, state, or local taxes and the Tax Impact of such taxes [**].

  • In the event of [**] Structures, any other property of BecoCom or its Affiliates, or [**], BecoCom, through its designated representatives, shall be [**], unless it is determined that acts or omissions of FiveCom or its customers caused the situation requiring the relocation, in which case [**] in the relocation, including provision for any federal, state or local taxes and the Tax Impact of such taxes [**].

  • GPC may draw upon the Tax Impact security LC upon occurrence of any event described in either subpart (a), (b), or (c) of Section 2.4.C (Tax Impact Security) in order to pay the tax in accordance with GPC Payment of Total Tax Impact Amount (Section 2.4.E).

  • If, as indicated in Exhibit A, Section 5 (Estimated Tax Impact Amount), GPC reasonably determined that the Installation Costs payment for GPC Interconnection Facilities will not likely qualify for the Safe Harbor or will otherwise result in the receipt of taxable income by GPC, Generator, within 10 Business Days after providing Notice to Proceed, must pay the estimated Tax Impact Amount as stated in Exhibit A, Section 5 (Estimated Tax Impact Amount).


More Definitions of Tax Impact

Tax Impact means direct net tax impact for the Gouvernement du Québec during the first 5 years fol- lowing the launching of the implementation of the project, as calculated by means of an econometric model;”.
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Tax Impact. Upon repayment of the cumulative accrued interest, the employee will receive notification of the amount paid to be used for possible tax purposes. If all or a portion of the loan is considered to be forgiven, then that portion which is forgiven will be considered compensation to the employee and the related employment taxes may be due from the employee. Eligibility: Loan eligibility is determined based on salary level, employment length, employee reviews (need satisfactory review on latest review), employee's number of vested unexercised options, the expiration date of the employee's option and the employee's unexercised vested option value. Additionally, the employee will not have exercised any of their options since the commencement of the loan program. Notwithstanding the above, any loan made under the Loan Program will be at the Company's discretion.
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Tax Impact means the amount determined in good faith by the Indemnified Party and the Indemnifying Party to reasonably estimate, on a marginal basis, the actual aggregate net Tax benefit with respect to the Indemnified Party's current and future Tax liabilities (assuming an income Tax rate equal to the highest combined marginal federal, state and local income Tax rate imposed on corporations at the time such determination is made, taking into account the deductibility of state and local Taxes for determining federal taxable income, and discounting future Tax Liabilities at a rate equal to the prime lending rate published in the Wall Street Journal in effect at the time such determination is made) attributable to (i) the item or adjustment resulting in a Tax or (ii) that portion of an Adverse Consequence for which, with respect to both (i) and (ii), the Indemnified Party has a right to indemnification under Section 9 of this Agreement.
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Tax Impact means a material adverse income tax liability to Borrower taking into account actual or anticipated repatriation of funds, foreign tax credits, and other relevant factors.
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Related to Tax Impact

  • Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.