Tax Settlement definition

Tax Settlement shall have the meaning set forth in Section 6.4(b) of this Agreement.
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Tax Settlement means a written agreement by one or more of the Borrowers and the U.S. Internal Revenue Service ("IRS") under which such Borrowers will pay and the IRS will accept payment of the Specified Taxes in substantially equal monthly installments over a period of not less than ten (10) months.
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Tax Settlement shall have the meaning set forth in Section 10.7.
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Examples of Tax Settlement in a sentence

  • If such a dispute has occurred, then the Federal Tax Settlement Payment shall become payable as provided in Section 3(d)(iv)(D) hereof.

  • Tax, TMP sale - March 29 Tax Settlement - April Tax Settlement - TMP Sale Net Income $2.25-2.45 $0.93 $0.12 $0.08 $3.38-3.58 $2.35-2.50 $0.93 $0.12 $3.40-3.55 Continued strong aftermarket, regional OE Rohr litigation Rohr 1995-97 audit Sale process terminated Cash flow from operations minus capital expenditures $100-150M Approx.

  • Within fifteen (15) days after receiving a Parent Federal Tax Settlement Payment Schedule or a Final Parent Federal Tax Settlement Payment Schedule, Company will notify Parent of any disagreement with the Tax benefit calculation reflected thereon.

  • If the Debtors and the New York Taxing Authorities do not agree to definitive binding agreements in respect of the Proposed New York Tax Settlement prior to the commencement of the Confirmation Hearing, the New York Taxing Authorities shall be deemed to have rejected the Plan.

  • No material adverse change in the business, assets, debt service capacity, tax position (other than any adverse change in the status of the Tax Settlement), environmental liability, financial condition, operations or prospects of the Borrower since December 31, 1999 (exclusive of up to the $1,050,000,000 judgment entered in the Conwood Proceeding).

  • TAX SETTLEMENT The Tax Settlement resolves and satisfies all Administrative Claims and Priority Claims for federal income taxes for which the Debtors are responsible for tax years 1990 through 1995.

  • If the Plan is unanimously and affirmatively accepted by each of the New York Taxing Authorities, then the Debtors and the New York Taxing Authorities shall work together in good faith to consummate all conditions precedent to the Proposed New York Tax Settlement for the New York Debtors Effective Date to occur as soon as is practicable.

  • Property tax benefits associated with March 1996 Special Franchise Tax Settlement; 6.

  • March 1, 2010 27 EDISON INTERNATIONAL® Leading the Way in Electricity SM Global Tax Settlement Removes Uncertainty Status at December 31, 2009 Income Statement ($ millions)2 SCE Edison Capital EIX parent co.

  • The amount of Allowed Administrative Tax Claims shall be determined after giving effect to the terms of the Tax Settlement by a deemed closing of the books of the Debtors as of the close of the Effective Date, and shall be determined where appropriate on a consolidated or combined basis consistent with the manner in which the Debtors have previously filed tax returns.


More Definitions of Tax Settlement

Tax Settlement means any of (1) an offer or credible indication or suggestion made by or on behalf of the relevant Governmental Authority, (2) an offer made by the Sellers on behalf of the relevant Acquired Company, subject to the approval of Purchaser, and tentatively accepted or acknowledged by such Governmental Authority, subject to the approval of Purchaser or the relevant Acquired Company, in each case, by virtue of which, through the payment of a certain amount, the Tax claim would be terminated without further liability to the Purchaser or the relevant Acquired Company. If the Purchaser reasonably believes that an Acquired Company would likely suffer adverse effect as the result of the ongoing dispute of a Tax claim (a "Pay-Off Tax Claim") by Sellers, as the Indemnifying Party, Purchaser may request, in writing, that the Sellers provide a letter (a "Tax Claim Pay-Off Letter") setting out the amount (the "Tax Claim Pay-Off Amount") of the Certified Expected Cost (as defined below) of such Pay-Off Tax Claim together with supporting documentation. Sellers shall provide such Tax Claim Pay-Off Letter and payment of the Tax Claim Pay-Off Amount to the Purchaser within 60 days after the Tax Expert (as defined below) is selected and engaged, and Seller and its affiliates and any Seller Indemnifying Parties will be fully released from any obligations and liabilities for or in respect of such Pay-Off Tax Claim and related liabilities, including indemnification for Losses and other obligations under this Agreement in relation thereto, irrespective of the final settlement, compromise or resolution of such Tax claim. If Purchaser, upon final settlement, compromise or resolution of such Pay-Off Tax Claim, pays or is liable for an amount that is less than the Tax Claim Pay-Off Amount, then Purchaser will promptly pay such shortfall to Seller after deducting all out-of-pocket and third party costs and expenses of Purchaser associated with defending such Pay-Off Claim. The "Certified Expected Cost" of a Pay-Off Tax Claim is the amount that Sellers would be reasonably likely to be required to pay to the relevant Governmental Authority to settle the Pay-Off Tax Claim, determined by multiplying (p) the amount the Governmental Authority would reasonably likely be awarded by a court of competent jurisdiction if the Pay-Off Tax Claim were litigated and decided in favor of such Governmental Authority, by (q) the probability (expressed as a percentage) that such Governmental Authority wou...
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Tax Settlement means a Tax Settlement involving a payment not in excess of NIS 22.5 million.
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Tax Settlement means a settlement between the Issuer and applicable Tax Authorities of disputed tax and penalty amounts for all periods up to and including December 31, 1995.
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Tax Settlement means and includes the Company's tax debt as a result of a settlement agreement with the IRS following an audit by the IRS, more particularly described in Exhibit B, as well as any tax debt owed or payable by the Company or its subsidiaries, for tax periods after the fiscal year end 1996 as a result of the settlement agreement attached as Exhibit B hereto or any adjustments or agreements made in or as a result of said settlement agreement.
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Tax Settlement means an amount, to be paid prior to February 15 of each year, (a) paid by Borrower to Landec in the amount by which the Quarterly Tax Distributions made during the preceding year are less than the Annual Tax Amount for that Fiscal Year, or (b) paid by Landec to Borrower in the amount by which the Quarterly Tax Distributions made during the preceding Fiscal Year exceeded the Annual Tax Amount for the preceding Fiscal Year.
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Tax Settlement is defined in Section 8(b).
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Related to Tax Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Individual Settlement Payment means the amount payable from the Net

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998 by the state and leading United States tobacco product manufacturers;

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • Mandatory Settlement Date means the earliest of:

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.