Tax Litigation definition

Tax Litigation means Agua Caliente Solar, LLC v. Arizona Department of Revenue, AZ Sup. Ct. No. TX2020-000987.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Tax Litigation means any claim, legal action, proceeding, suit, litigation, prosecution, investigation, arbitration or other dispute resolution process, or administrative or criminal proceedings, or regulatory agency action (or any judgment, decree, injunction, order or decision relating to any of the foregoing) relating to Tax;

Tax Litigation means the litigation between Amermin and the Servicio de Administracion Tributaria, contesting the tax claim which gave rise to the Embargo, as more particularly described in Schedule “N”;

Examples of Tax Litigation in a sentence

• Therefore, Quiport filed a lawsuit before the District Tax Litigation Court - TDCT on December 5, 2018 against the SRI Resolution.

• As of the date of this Agreement and except as disclosed in its SEC Reports filed prior to the date of this Agreement, there is no outstanding audit, examination, deficiency, refund or other Tax Litigation or outstanding waiver or agreement extending the applicable statute of limitations for the assessment or collection of any Taxes for any period with respect to any Taxes of it or its Subsidiaries, and no such waiver or agreement has been requested in writing.

• All Taxes and other Liabilities due with respect to completed and settled Tax examinations or concluded Tax Litigation have been paid or adequate provision therefor has been made in the Huntington Financial Statements.

• Obligation, the Red Cross Obligation and the Tax Litigation Obligation which are to be satisfied to the extent and in the manner herein provided as part of the consideration.

• Notwithstanding the foregoing, but subject to Section 5.04(g), Seller shall have the exclusive right to direct and to control the Florida Tax Litigation and to initiate any claim for refund, file any amended return and contest, resolve, settle and defend against such litigation.

• In the event, that prior to the Closing, the Tax Litigation Obligation becomes due and payable, the Seller shall give notice to Buyer as soon as reasonable practicable, and Buyer shall have the option to terminate this Agreement or satisfy the Tax Obligation, and proceed to Closing after the other conditions to this Agreement have been satisfied.

• Purchaser shall use its best efforts to assist Seller in connection with the Florida Tax Litigation, including, without limitation, providing Seller access to information relating to the Florida Tax Litigation that is in Purchaser's or the Companies' possession and making available the officers and employees of Purchaser and the Companies to provide assistance and information in connection therewith and to continue to have the Companies participate as litigants in the Florida Tax Litigation.

• There is no pending tax claim or dispute on taxes which might result in a lien against Seller's Inventory or the ALFERON N License, except for the Tax Litigation Obligation.

• The Embargo is fully and accurately described in Schedule “L” and the Seller has no information with respect thereto or with respect to the Tax Litigation, that has not been disclosed to the Buyer.

• Interferon Sciences, Inc., et al, Case Number F-8653-02 ("Tax Litigation Obligation").

More Definitions of Tax Litigation

Tax Litigation means the Canadian income tax litigation related to the claim by SCDA of a step-up in the tax basis of certain investments owned by it at the end of 2005 to their fair market value at that time (which affects the computation of the Canadian federal and provincial taxable income of SCDA for its 2006 and following taxation years), being Tax Court of Canada files 2012-1431(IT)G and 2013-203(IT)G relating to the 2006 and 2007 taxation years of SCDA and similar disputes related to subsequent taxation years of SCDA and all related provincial income tax matters, in each case including all appeals.

Tax Litigation has the meaning set out in Section 3.4.1. Tax or Taxes means all taxes and tax-like charges (including direct and indirect corporate income taxes, corporation tax, capital gains tax, federal and state tax, transfer taxes, value added tax, sales tax, customs charges, withholding tax, mandatory employment pension contributions and social security contributions and taxes, employer’s tax, customs, excise and other duties) and any other taxes which may be payable to or imposed by any tax authority or other governmental entity to- gether with any late payment charges or other penalty charges, surcharges, or other additions to tax in relation to any of the aforesaid. Tax Return means any return, declaration, report, claim for refund, information return or statement or other document relating to Taxes, including any schedule or at- tachment thereto, and including any amendment thereof. Third Party Claim means any claim by a third party (including authorities) against any of the Group Companies or the Buyer resulting in a potential breach by a Seller of the Agree- ment. Transaction means the sale by the Sellers and the purchase by the Buyer of the Shares and all other transactions contemplated by the agreements and documents to be signed and/or delivered by the Sellers to the Buyer or by the Buyer to the Sellers, all in accordance with the terms and conditions of this Agreement. Transferred Ky Partnership Inter- ests has the meaning set out in the introductory paragraph (C) hereof. Transitional Ser- vices Agreement means a Transitional Services Agreement to be negotiated between the Sellers and the Buyer. 2

Tax Litigation shall have the meaning set forth in Clause 11.7.5;

Tax Litigation means the Ad Valorem Tax challenges being conducted by the Corporation with respect to Ad Valorem Taxes.

Tax Litigation has the meaning set forth in Section 6.5.

Tax Litigation the litigation which the Borrowers will commence as plaintiffs in the United States District Court for the District of Nevada against the United States of America seeking a refund of Federal income taxes paid by the Borrowers in the aggregate amount of approximately $8,974,072, plus interest and penalties, if any, arising from a certain Notice of Deficiency issued by the Internal Revenue Service to Sunbelt and its Affiliates dated February 13, 1998.