Tax Indemnity Amount definition

Tax Indemnity Amount means any amount payable by the Unit Holder under clause 5.

Tax Indemnity Amount shall have the meaning set forth in Paragraph 3.

Tax Indemnity Amount means an amount equal to the excess of (i) the -------------------- Federal, state and local income tax liability of the Holder in respect of his gain that had not yet been recognized on the sale of the Payee's shares pursuant to the NPM Stock Purchase Agreement (such tax liability to be determined based upon the Holder's effective Federal, state and local income tax rate on long-term capital gains in effect as of the date of payment under this Note) over (ii) the present value, as of the date of payment, of such tax liability assuming the principal amount of this Note were paid on the maturity date set forth herein using a discount rate that would apply to obligations of substantially the same creditworthiness as this Note and using the tax rate used in clause (i) above (such excess to be determined by a nationally recognized independent certified public accounting firm appointed by the Holder and Company); provided that if the Holder and the Company cannot agree upon the selection of such a firm, such firm shall be selected by three individuals unaffiliated with either the Holder or the Company, one each of such individuals to be selected by the Holder and the Company, and the third such individual to be selected by the first two individuals.

Examples of Tax Indemnity Amount in a sentence

• The Working Party reported cases in which details of the content of internet-related communications, outside the scope of the Directive, were retained, including destination IP addresses and URLs of websites, the header of emails and the list of recipients in the ‘cc’ bar.

• Table 6.1 Summary of the Historical Russian Inventory by Mineralised Zone for the Property Mineralised Zone Tonnes (kt) Horizontal Width (m)Average GradeContained MetalAg (g/t)Au (g/t)Source: Young (2004) Table 6.2 summarises the historical Russian inventory by category according to the Russian classification system.

• If the Operator, without any just cause, does not receive any amounts representing the Operator’s Remuneration, IPIP Escalation Instalment and/or the Service Tax Indemnity Amount within One Hundred Eighty (180) Days of such amounts falling due and payable to the Operator under the provisions contained in Schedule 5.

• If either of the Government Parties or NESL fails to pay any amounts (other than amounts representing Operator’s Remuneration, IPIP Escalation Instalment and/or the Service Tax Indemnity Amount) due to the Operator within two hundred and seventy (270) Days of any such amounts falling due and payable.

• Notwithstanding anything to the contrary in this Section 2.6, so long as no Event of Default has occurred and is continuing, if a Lender fails to deliver a Tax Certificate, Borrower shall not be required to pay the Withholding Tax Indemnity Amount, if any, unless and until such Lender delivers the Tax Certificate.

More Definitions of Tax Indemnity Amount

Tax Indemnity Amount means the amount determined in accordance with Section 5.1.4 of this Appendix 4.13.2;

Tax Indemnity Amount has the meaning set forth in Section 6.6(a)(iv).

Tax Indemnity Amount. Has the meaning set forth in Schedule 14.1.

Tax Indemnity Amount means, with respect to each of the Common -------------------- Limited Partner and the Preferred Limited Partner, the sum of (i) the Tax Loss Amount, plus (ii) from the date of the Tax Indemnity Event, the Implicit Rate, compounded quarterly, times the Tax Loss Amount, plus (iii) the amount of all income taxes payable by such Limited Partner as a result of the allocation of income to such Limited Partner in connection with the distribution required by subsection 4.6 with respect to the Tax Indemnity Amount (which allocation will take into account all of the elements of the Tax Indemnity Amount, including the calculation required pursuant to this clause (iii)), minus (iv) distributions to such Limited Partner pursuant to subsection 4.6 hereof.

Tax Indemnity Amount is defined in SECTION 15.3.

Tax Indemnity Amount means an amount equal to $10,000,000 minus any Tax Claims paid to any taxing authority or to the Purchaser to satisfy any claim described in Sections 12.4(a), 12.4(b) or 12.6 of this Agreement in respect of Taxes imposed on the Company or any of its Subsidiaries.

Tax Indemnity Amount means an amount equal to the excess of (i) the -------------------- Federal, state and local income tax liability of the Holder in respect of his gain that had not yet been recognized on the sale of the Payee's shares pursuant to the NPM Stock Purchase Agreement (such tax liability to be determined based upon the Holder's effective Federal, state and local income tax rate on long- term capital gains in effect as of the date of payment under this Note) over