Tax Reserve Amount shall have the meaning set forth in Section 16.1.
Tax Reserve Amount shall have the meaning set forth in Section 16.1. Tenant shall mean any Person leasing, subleasing or otherwise occupying any portion of the Property or permitted to use any portion of the facilities at the Property, other than the Manager and its employees, agents and assigns.
Tax Reserve Amount means the amount shown as a liability on the Interim Balance Sheet, plus any amounts accrued by the Company pursuant to GAAP for the period from the date of the Interim Balance Sheet through the Closing Date for amounts that may be payable to the Island Territory of Sint Eustatius and the Land Territory of the Netherlands Antilles pursuant to an agreement regarding Taxes to be entered into by the Operating Subsidiaries and their respective Subsidiaries and the Island Territory of Sint Eustatius and the Land Territory of the Netherlands Antilles.
Examples of Tax Reserve Amount in a sentence
Any valid income or capital gains tax liability imposed on Hoti Management, as the 1% general partner of Hoti, in connection with the transfer of the Property to GECMC pursuant to this Plan that is not exempt under section 1146(a) of the Bankruptcy Code and that is determined to be an Allowed Administrative Expense Claim by Final Order or agreement by the Plan Proponent shall be funded from the Tax Reserve Amount.
Buyer shall pay all Taxes reflected on such Tax Returns, subject to Buyer’s right to indemnification pursuant to Section IX.B.1(iii) for the portion of such Taxes owing in excess of the Net Tax Reserve Amount.
Following the issue of the tax demand, AWI will make the tax payment to the relevant PRC tax authorities on the Sellers’ behalf up to the Tax Reserve Amount.
The Sellers are responsible for any tax payable in excess of the Tax Reserve Amount.
More Definitions of Tax Reserve Amount
Tax Reserve Amount means an amount determined by BACC from time to time as anticipated to be equal to the amount Borrower may need to pay to the Internal Revenue Service and/or Social Security Administration on account of the matters set forth on Exhibit 5.18 annexed hereto, said Tax Reserve Amount initially being in the amount of One Million Eight Hundred Forty Thousand Dollars ($1,840,000.00).
Tax Reserve Amount shall have the meaning set forth in Section 16.1. TENANT shall mean any Person leasing, subleasing or otherwise occupying any portion of the Real Property, other than the Manager and its employees, agents and assigns. THIRD-PARTY MANAGER shall mean CB Xxxxxxx Xxxxx, Inc. THIRD-PARTY MANAGEMENT AGREEMENT shall mean that certain management agreement between Borrower and Third-Party Manager dated the date hereof. THRESHOLD AMOUNT shall mean an amount equal to $5,000,000. TI AND LEASING COSTS shall have the meaning set forth in Section 16.4.
Tax Reserve Amount means, as of any date of determination, the aggregate amount reserved (or required to be reserved) in accordance with GAAP for the payment of Specified Tax Liabilities.
Tax Reserve Amount has the meaning set forth in Section 17.1.
Tax Reserve Amount shall have the meaning set forth in Section 16.1. TAXES shall mean any and all taxes, fees, levies, duties, tariffs, imposts, surcharges and other charges of any kind (together with any and all interest, penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any governmental or taxing authority including, without limitation, (i) taxes or other charges on or with respect to income, franchises, windfall or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, social security, workers' compensation, unemployment compensation or net worth, (ii) taxes or other charges in the nature of excise, withholding, ad valorem, stamp, transfer, value added or gains taxes, license registration and documentation fees, and (iii) customs' duties, tariffs and similar charges.
Tax Reserve Amount shall have the meaning provided in Section 6.1.15.
Tax Reserve Amount means the aggregate amount of up to $150,000 to be used to pay any valid income or capital gains tax liability imposed on Hoti Management, as the 1% general partner of Hoti, in connection with the transfer of the Property to GECMC pursuant to this Plan that is not exempt under section 1146(a) of the Bankruptcy Code and that is determined to be an Allowed Administrative Expense Claim by Final Order or agreement by the Plan Proponent, which such amount shall be funded out of cash on hand of the Receiver that is turned over and transferred to GECMC in accordance with this Plan and/or funds advanced to GECMC from the Trust.