Tax Payment Amount definition

Tax Payment Amount means, for any period, an amount not exceeding in ------------------ the aggregate the amount of Federal, state and local income taxes the Borrowers would otherwise have paid in the event it were a corporation (other than an "S corporation" within the meaning of Section 1361 of the Code) for such period and all prior periods.

Tax Payment Amount means, for any period, an amount not exceeding in the aggregate the amount of Federal, state and local income taxes the Borrowers would otherwise have paid in the event they were corporations (other than “S corporations” within the meaning of Section 1361 of the Code) for such period and all prior periods, reduced by any such income taxes directly paid by the Borrowers.

Tax Payment Amount means, for any period, an amount equal to the aggregate amount of Federal, state and local income taxes the Company and its Subsidiaries would have paid in respect of such period in the event they were corporations (other than an "S corporation" within the meaning of Section 1361 of the Code) for such period and all prior periods filing consolidated income tax returns with the Company as the "common parent" (within the meaning of Section 1504 of the Code).

Examples of Tax Payment Amount in a sentence

• Within thirty (30) days after the Executive exercises a previously granted stock option to purchase 220,000 shares of Company common stock at a price of $5.25 per share and within thirty (30) days after the Executive notifies the Company of the subsequent sale or transfer of such underlying shares, the Company shall make payment to the Executive in the amount necessary to pay any taxes due upon exercise of such option and upon the subsequent sale or transfer thereof (the "Tax Payment Amount").

• On the Closing Date, the Company shall pay to the Parent an amount equal to the product of the Applicable Tax Payment Amount and the ratio which the number of days beginning with the first day of the quarter in the calendar year in which the Closing Date occurs and ending with, and including, the Closing Date bears to the total number of days in such quarter.

• In addition, Charterer agrees to execute a ship's mortgage in favor of FCCI in the principal amount of the Tax Payment Amount (the "Manlxx Xxx Payment Mortgage") which mortgage shall be subordinate solely to the Brownsville Bank first ship's mortgage and the Manlxx xxxond ship's mortgage.

• In the event of a downward adjustment, the excess of a Subsidiary’s Tax Payment Amount for such Fiscal Year paid to date over its Tax Payment Amount, as adjusted, shall be allowed as a credit to the Subsidiary in respect of the Interim Payment next due from that Subsidiary to TD Holding under Section 3 of this Agreement.

• On the last day of each quarter of each calendar year, which quarter ends after the date hereof and before the Closing Date, the Company shall pay to the Parent an amount equal to, in the case of quarters ending in 2016, the 2016 Interim Tax Payment Amount and, in the case of quarters ending in 2017, the 2017 Interim Tax Payment Amount.

More Definitions of Tax Payment Amount

Tax Payment Amount means, with respect to any Subsidiary for any Fiscal Year, an amount equal to the lesser of:

Tax Payment Amount the amount in respect of Tax required to be deducted by King or AB from the Consideration payable to the holder of a King Option or King Share Award, and/or in respect of any such holder who has an obligation to account for and pay Tax directly to a Tax Authority in relation to such Consideration, 40% of the amount of such Consideration, or such higher portion as the holder of the King Option or King Share Award can demonstrate shall be required by him to pay such Tax; “Tax Return”, any return (including any information return), report, statement, declaration, estimate, schedule, or information, including any amendments thereof, filed with, or required to be filed with, any Tax Authority in connection with the determination, assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Law relating to any Tax; “Technology”, all Software, designs (including circuit designs and layouts), semiconductor device structures (including gate structures, transistor structures, memory cells or circuitry, vias and interconnects, isolation structures and protection devices), circuit block libraries, formulae, algorithms, procedures, methods, techniques, ideas, know-how, Patents, research and development, technical data, programs, subroutines, tools, materials, specifications, processes, inventions (whether patentable or unpatentable and whether or not reduced to practice), discoveries, apparatus, creations, improvements, Works of Authorship and other similar materials, and all recordings, graphs, drawings, reports, analyses, and other writings, and other tangible embodiments of the foregoing, in any form whether or not specifically listed herein, and all related technology;

Tax Payment Amount is defined in Section 10.4(d).

Tax Payment Amount means the amount required to pay all taxes, including, without limitation, any income, withholding, excise, sales, gross receipts, general corporation, tangible or intangible personal property, privilege, or license taxes due and owing by any Issuer or by Holdco with respect to the activities of such Issuer to any taxing authority in any jurisdiction.

Tax Payment Amount means, for any period, an amount not exceeding the amount of Federal, state and local income taxes the Borrower would otherwise have paid in the event it was a separate corporation (other than an “S corporation” within the meaning of Section 1361 of the Code) for such period and all prior periods (taking into account carryforwards of net operating losses and other tax attributes that would have been available to such corporation).

Tax Payment Amount means for any Fiscal Year the combined federal, state and local taxes (of whatever kind) that would be paid by Foamex Carpet Consolidated Group if (i) it were a separate Affiliated Group and neither Foamex Carpet Consolidated Group nor any corporation included in Foamex Carpet Consolidated Group were included in any other Affiliated Group and (ii) its federal taxable income were the Adjusted Taxable Income of Foamex Carpet Consolidated Group (subject to adjustments in determining state or local taxable income), but such term shall not include state and local taxes for which Foamex Carpet Consolidated Group, or any corporation includable in Foamex Carpet Consolidated Group, (x) is separately liable or (y) does not participate in a combined or consolidated return with FII or FII Group.

Tax Payment Amount means, for any Partner (including, without limitation, any Partner in its or his capacity, as a member of SEA during the period prior to the Restatement Effective Date) or any member of SEA, for any period, an amount not exceeding in the aggregate the amount of Federal, state and local income taxes that would be payable by such Partner or member in respect of income of SSC and its Subsidiaries for such period (including, without limitation, income of SEA during the period prior to the Restatement Effective Date) at a rate equal to the actual highest combined marginal Federal, state and local income tax rates (after giving effect to the deductibility of state and local income taxes) applicable to any of the Partners (or to any investors in any of the Partners) or any of such members, provided that (i) the aggregate amount of the Tax Payment Amount for all periods attributable to all of the Partners (or to any investors in any of the Partners) shall not exceed $250,000 in respect of their respective ownership interests in SEA and (ii) the aggregate amount of the Tax Payment Amount for such period attributable to Unrestricted Subsidiaries shall not exceed the aggregate amount of dividends paid in cash by the Unrestricted Subsidiaries and received by SSC and its Restricted Subsidiaries during such period.