Tax Reimbursement definition

Tax Reimbursement has the meaning set forth in Section 9.2.
Tax Reimbursement means with respect to each Tax Year during the Lease Term after the Base Tax Year, an amount equal to Tenant's Tax Share of the increase in Real Estate Taxes for such Tax Year over Real Estate Taxes for the Base Tax Year.
Tax Reimbursement has the meaning set forth in Section 4.2.

Examples of Tax Reimbursement in a sentence

  • Notwithstanding the foregoing, in the event any portion of the Tax Reimbursement Payment to be refunded to the Company has been paid to any Federal, state or local tax authority, repayment thereof shall not be required until actual refund or credit of such portion has been made to the Executive, and interest payable to the Company shall not exceed interest received or credited to the Executive by such tax authority for the period it held such portion.

  • In the event that the amount of the estimated Tax Reimbursement Payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the fifth business day after written demand by the Company for payment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code).

  • Tax Reimbursement Payments shall be paid at the time specified in Section 6 hereof.

  • Notwithstanding the foregoing, in the event any portion of the Tax Reimbursement Payment to be repaid to the Company has been paid to any Federal, state or local tax authority, repayment thereof shall not be required until actual refund or credit of such portion has been made to Executive by the applicable tax authority.

  • Summary of State Tax Reimbursement – Line #1.050 Other Local Revenues – Line #1.060All other local revenue encompasses any type of revenue that does not fit into the above lines.


More Definitions of Tax Reimbursement

Tax Reimbursement has the meaning set forth in Section 3.6.2 hereof.
Tax Reimbursement means an annual charge for reimbursement for property taxes, or voluntary contributions in lieu of property taxes as provided in chapter 1, article 8 of this title, by applying the tax rates in effect on the date of adoption of the resolution of intention to the amount by which the estimated average taxable value of underground facilities, excluding the value of trenches, backfill and compaction, on completion exceeds the estimated average taxable value of comparable overhead facilities. In this paragraph, "estimated average taxable value" means the average of the estimated taxable value for each year of reimbursement. The value of the trenches, backfill and compaction of the underground facilities shall be attributed to and shall inure to the benefit of the owners of property within the district and shall be owned by the city. Reimbursement shall not be for a period longer than fifteen years.
Tax Reimbursement has the meaning set forth in Section 7.13.
Tax Reimbursement shall have the meaning ascribed to such term in Article V.1.
Tax Reimbursement has the meaning set forth in Section 4.2. “Taxes” means all federal, state and local real and personal property ad valorem taxes, assessments, and other governmental charges, general and special, ordinary and extraordinary, including but not limited to assessments for public improvements or benefits assessed against the Premises, Terminal or Terminal Facilities or the use or operation thereof during the Term, including, but not limited to, any federal state or local income, gross receipts, withholding, franchise, excise, sales, use, value added, recording, transfer or stamp tax, levy, duty, charge or withholding of any kind imposed or assessed by any Governmental Authority, together with any addition to tax, penalty, fine or interest thereon. The term “Taxes” does not, however, include federal or state income taxes or franchise taxes imposed on Lessor. “Term” has the meaning set forth in Section 2.1. Terminal Improvements” and “Material Terminal Improvements” have the meanings set forth in Section 7.1. “Utility Reimbursement” has the meaning set forth in Section 4.2. “Valero” means Valero Energy Corporation.
Tax Reimbursement means the amount, if any, of United States Federal corporate income tax that Seller has to pay as a result of income earned by the Company during the period commencing on November 1, 2014 and ending on the Closing.
Tax Reimbursement. With respect to the Existing Premises or the Third Amendment Expansion Premises, as applicable, and with respect to each Tax Year during the Lease Term after the applicable Base Tax Year, an amount equal to Tenant's applicable Tax Share of the increase in Real Estate Taxes for such Tax Year over Real Estate Taxes for the applicable Base Tax Year.