Tax Litigation Result definition

Tax Litigation Result means the estimated amount of the future Canadian federal and provincial income tax benefits from the Final Settlement (the “Estimated Tax Benefits”), with the Estimated Tax Benefits being the amount determined by recomputing the ‘deferred tax asset’ account of SCDA as of December 31, 2013, calculated in accordance with IFRS, but (in the case solely of amounts at issue in the Tax Litigation) without regard to the ‘deferred tax asset’ recognition criteria under IFRS, to reflect what it would have been if such Final Settlement had occurred as of December 31, 2013.
View Source

Examples of Tax Litigation Result in a sentence

  • After the Final Settlement is determined in accordance with Section 7.10(Tax Litigation), and provided such Final Settlement is determined on or before the Closing Date, the Seller shall prepare a certificate (a certificate prepared pursuant to this Section 2.9(1) or Section 2.9(3) being a “Tax Litigation Certificate”) setting forth its calculation of the Tax Litigation Result.

  • The Independent Litigation Accountant shall, as promptly as practicable (but in any event within forty-five (45) days following its appointment), in its capacity as an expert and not as an arbitrator, make a determination of the Tax Litigation Result based solely on written submissions of the Purchaser and the Seller given by them to the Independent Litigation Accountant and any other information that is reasonably requested from such Parties by the Independent Litigation Accountant.

  • The decision of the Independent Litigation Accountant as to the Tax Litigation Result shall be final and binding upon the Purchaser and the Seller and shall constitute the final Tax Litigation Result for purposes of this Agreement.

  • After the Final Settlement is determined in accordance with Section 7.10(Tax Litigation), and provided such Final Settlement is determined after the Closing Date, the Purchaser shall prepare a Tax Litigation Certificate setting forth its calculation of the Tax Litigation Result.

Related to Tax Litigation Result

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Tax Proceeding has the meaning set forth in Section 5.2(a).

  • Material litigation means any litigation that, according to