Tax Offset definition

Tax Offset is defined in Section 10.5(c).
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Tax Offset has the meaning set forth in Section 5.02(d)(ii).
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Tax Offset means an amount not less than $153,432.21, or such higher amount as agreed to by the Debtor and Santa Barbara, or as ordered by the Bankruptcy Court, representing tax refunds due to the Debtor by Santa Barbara. B. Other Terms. The words "herein," "hereof," "hereto," "hereunder," and others of similar import refer to the Plan as a whole and not to any particular section, subsection, or clause contained in the Plan. A term used herein that is not defined herein shall have the meaning ascribed to that term, if any, in the Bankruptcy Code or Bankruptcy Rules and shall be construed in accordance with the rules of construction thereunder. C. Plan Documents Supplement. Forms of certain documents referred to herein are contained in a separate Plan Documents Supplement, as amended, which is on file with the Clerk of the Bankruptcy Court. The Plan Documents Supplement may be inspected in the office of the Clerk of the Bankruptcy Court during normal court hours. Holders of Claims or Equity Interests may obtain a copy of the Plan Documents Supplement or excerpts therefrom upon written request to the Debtor. D. Exhibits. All exhibits to the Plan and all documents contained in the Plan Documents Supplement are incorporated into and are a part of the Plan as if set forth in full herein.
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Examples of Tax Offset in a sentence

  • Any amounts withheld or paid with respect to a Member pursuant to Section 9.5(a) or (b) shall be offset against any distributions to which such Member is entitled concurrently with such withholding or payment (a “Tax Offset”); provided that the amount of any distribution subject to a Tax Offset shall be treated as having been distributed to such Member pursuant to Section 5.1, Section 5.2 or Section 10.3(b)(iii) at the time such Tax Offset is made.


More Definitions of Tax Offset

Tax Offset is defined in Section 6.1(h).
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Tax Offset has the meaning set forth in Section 10.5.B(1). In addition, the definition of “Partner” is hereby deleted in its entirety and replaced in full as follows:
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Tax Offset has the meaning set forth in Section 9.4(g).
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Tax Offset means the interception of an individual’s personal State income tax refund to be applied to a debt with CCS. (Offeror(s) will not receive commission on any funds collected through the tax offset program. Any tax offset payment must be processed as an adjustment with a corresponding proportionate decrease in commission as directed by CCS and will not be considered a payment collected by Offeror(s)).
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Related to Tax Offset

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

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).