Transfer Tax Amount definition

Transfer Tax Amount means $218,000.
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Transfer Tax Amount has the meaning given to it in Section 2.3;
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Transfer Tax Amount. $10,275,512.00, which represents the New York State and New York City transfer taxes paid by Investor ix xxxxxxxxxx xxxx xxx xxxxxxx xxquisition of its Interest from Reckson OP, which includes amounts payable as a result of Investor paying such transfer taxes; provided, however, to the extent any additional New York State and/or New York City transfer taxes are determined after the date hereof to be due and payable solely in connection with Investor's initial acquisition of its Interest from Reckson OP, Investor shall pay such additional transfer taxes (and any interest or penalties thereon) and, upon such payment, the Transfer Tax Amount shall be increased by such additional transfer taxes.
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Examples of Transfer Tax Amount in a sentence

  • Note 4b: Equal to $25.6mm, less an assumed $1.5mm for the Closing Transfer Tax Amount (per note 4a).

  • Note 3: Equals $38.4mm less $7.15mm in Capital Contributions made to pay for Other Contractor Claims (see 2.2(a)(iii) adjustment section below) Note 4a: For illustrative purposes, the Closing Transfer Tax Amount is assumed to be $1.5mm.

  • Upon completion of such remittances, the Vendor will return any unremitted portion of the Transfer Tax Amount to the Purchaser.

  • The actual Transfer Tax Escrow Amount will change to the extent the Closing Transfer Tax Amount in note 4a is different.

  • The Vendor shall be responsible for any shortfall in the Transfer Tax Amount, and the Purchaser will not, in any event, be liable to pay any additional amounts if the Transfer Tax Amount is insufficient to make such remittances.

Related to Transfer Tax Amount

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Transfer Tax means any transfer, recording, registration and other fees and any similar taxes that become payable in connection with the Transactions (together with any related interest, penalties or additions to such taxes).

  • Transfer Taxes means any and all transfer, documentary, sales, use, gross receipts, stamp, registration, value added, recording, escrow and other similar Taxes and fees (including any penalties and interest) incurred in connection with the transactions contemplated by this Agreement (including any real property or leasehold interest transfer or gains tax and any similar Tax).

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Post-Distribution Tax Period means a Tax period beginning and ending after the Distribution Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • After-Tax Basis means, with respect to any payment due to any Person, the amount of such payment supplemented by a further payment or payments so that the sum of all such payments, after reduction for all Taxes payable by such Person by reason of the receipt or accrual of such payments, shall be equal to the payment due to such Person.

  • Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Incremental Income Taxes is defined in Section 6.9.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.