Tax Refund Amount has the meaning set forth in Section 6.10(c).
Tax Refund Amount means the aggregate amount of Tax refunds received by the Company, Acquirer or any of their Affiliates with respect to Taxes previously paid by the Company or any Subsidiaries related to any Pre-Closing Tax Period.
Tax Refund Amount means, (a) during the period from (i) the date of receipt by the Administrative Agent of a copy of the Form 1139 filed with the Internal Revenue Service by the Borrower in respect of the Tax Refund and copies of Forms 8302 and 8821 or such other relevant Internal Revenue Service forms necessary to be filed with the Internal Revenue Service (as so filed) in order for the Tax Refund to be paid directly into a Blocked Account and for notices from the Internal Revenue Service denying or reducing the amount of the Tax Refund be delivered to the Administrative Agent,to (ii) the earlier to occur of (A) September 30, 2009 and (B) the date on which the Borrower receives the Tax Refund, an amount equal to the lesser of 75% of the Tax Refund and $9,000,000 and (b) thereafter, $0.00.
Examples of Tax Refund Amount in a sentence
At Closing, Parent shall pay to the Company, for payment to each of the Optionholders set forth on Section 4.13(j) of the Disclosure Schedule, an amount for each such Optionholder equal to the portion of the Estimated Tax Refund Amount that would be allocable to such Optionholder under Section 1.6(c) (Effect on Company Options) and Section 1.6(e) (Post-Closing Payments) if the entire Estimated Tax Refund Amount were to be paid to all Securityholders at Closing (the "Closing Tax Refund Payments").
Acquirer shall cause each and any Tax Refund Amount received by the Company, Acquirer or any oftheir respective Affiliates following the Closing to be distributed to the Effective Time Holders promptly in accordance with their Participation Percentages.
At least three (3) business days prior to Closing, the Company shall prepare an estimate of the aggregate amounts -68- **MSPSC Electronic Copy ** 2016-UA-186 Filed on 09/23/2016 ** that would reasonably be expected to be paid to the Securityholders pursuant to this Section 4.13(ik which calculation shall be reasonably acceptable to Parent (the "Estimated Tax Refund Amount").
More Definitions of Tax Refund Amount
Tax Refund Amount means, (a) during the period from (i) the date of receipt by the Administrative Agent of a copy of the Form 1139 filed with the Internal Revenue Service by the Borrower in respect of the Tax Refund and copies of Forms 8302 and 8821 or such other relevant Internal Revenue Service forms necessary to be filed with the Internal Revenue Service (as so filed) in order for the Tax Refund to be paid directly into a Blocked Account and for notices from the Internal Revenue Service denying or reducing the amount of the Tax Refund be delivered to the Administrative Agent, to (ii) the earlier to occur of (A) September 30, 2009 and (B) the date on which the Borrower receives the Tax Refund, an amount equal to the lesser of 75% of the Tax Refund and$9,000,000 and (b) thereafter, $0.00.
Tax Refund Amount means an amount equal to the Tax Value of the Eligible Costs and which have not already been refunded by the tax authorities, provided that if:
Tax Refund Amount means the higher of R280 000 or an amount equal to the VCC Tax Refund. For the avoidance of doubt and for purposes of the Cession of Tax Refund Amount, the VCC Tax Refund is the full refund amount attributable to the Borrower’s acquisition of the Subscription Shares and must not be reduced by any recoupments (of whatsoever nature) made by SARS;
Tax Refund Amount means the amount of accrued Tax refunds (or credits in lieu thereof) for Taxes to which the Company or any Affiliate would or are expected to be entitled with respect to Taxes paid by the Company or any Subsidiary prior to the Closing for a Pre-Closing Tax Period upon filing any applicable Tax Return taking into account the Transactions but excluding any refunds or credits to the extent taken into account in determining the Tax Liability Amount.
Tax Refund Amount means the amount of $5,100,000.
Tax Refund Amount means (i) ninety percent (90%) of the Tax Refund Receivable, less (ii) ninety percent (90%) of all external accounting and legal fees reasonably incurred by Parent or the Surviving Corporation to determine and obtain the Tax Refund Receivable.
Tax Refund Amount means the cash amount equal to the federal and state tax refunds actually received by Purchaser with respect to the Wired Companies' pre-Closing tax periods, including without limitation refunds generated by the carryback of losses of any of the Wired Companies following the Closing, less any fees and expenses incurred by Purchaser in connection with the receipt of such refunds by Purchaser; provided, however, that such net amount shall not exceed $5 million. Notwithstanding the foregoing, the $5 million amount shall be reduced by the tax effect on Purchaser or the Wired Companies of the disallowance of any deduction claimed by Ventures or the Wired Companies with respect to pre-Closing tax periods, but such amount shall not constitute a Loss for purposes of Article 11 of this Agreement to the extent of such reduction. The computation of refunds generated by the carryback of losses of any of the Wired Companies following the Closing shall include all refunds that would reasonably be available if Purchaser had prepared its post-Closing tax returns and made its tax elections in a manner so as to maximize the dollar value of such refunds, determined solely with regard to the operations of the acquired Wired Companies on a stand-alone basis.