Tax Amounts means 871(m) Taxes that may be paid, withheld or deducted by Citibank;
Tax Amounts of a Member for a Fiscal Year or other period shall mean the product of (a) the Tax Rate for such Fiscal Year or other period, and (b) the Member’s Tax Amount Base for such Fiscal Year or other period, and shall be reduced by (c) any United States federal, state or local income tax credits allocated to the Member by the Company for such Fiscal Year or other period, all as estimated in good faith by the Company.
Tax Amounts with respect to any taxable period shall not exceed an amount equal to (a) the product of (i) the taxable income of the Company for such period as determined by the Tax Amounts CPA and (ii) the Tax Percentage reduced by (b) to the extent not previously taken into account, any income tax benefit attributable to the Company which could be realized (without regard to the actual realization) by its members in the current or any prior taxable year, or portion thereof, commencing on or after the Issue Date (including any tax losses or tax credits), computed at the applicable Tax Percentage for the year that such benefit is taken into account for purposes of this computation.
Examples of Tax Amounts in a sentence
The Guarantor agrees that in the case of default by the Issuer in the payment of any such principal or interest (including Additional Tax Amounts, if any), the Guarantor shall duly and punctually pay the same.
The Servicer shall use commercially reasonable efforts to pay all amounts it has received from the Lessee under such Lease Asset with respect to Sales and Use Tax Amounts to the applicable taxing authorities as the same shall become due and payable under applicable law.
The Guarantor agrees that in the case of default by the Issuer in the payment of any such principal or interest (including Additional Tax Amounts and Additional Interest, in each case, if any), the Guarantor shall duly and punctually pay the same.
Subject to any applicable law or regulation, Participant may elect to pay Required Tax Amounts to the Company: (1) in cash or by payroll deduction, or (2) by having any Shares issued under this Award be reduced by the number of Shares of the Fair Market Value of which equals the Required Tax Amounts.
Failure to make an election within the time specified will result in the Required Tax Amounts being paid pursuant to method (2) above, namely, by a reduction of shares issued.
More Definitions of Tax Amounts
Tax Amounts with respect to any year means an amount no greater than (a) the higher of (i) the product of (A) the taxable income of the Company (computed as if the Company were an individual taxpayer) for such year as determined in good faith by the Board of Directors of the Company and (B) the Tax Percentage and (ii) the product of (A) the alternative minimum taxable income attributable to the Company (computed as if the Company were an individual taxpayer) for such year as determined in good faith by the Board of Directors of the Company and (B) the Tax Percentage, reduced by (b) to the extent not previously taken into account, any income tax benefit attributable to the Company which could be realized (without regard to the actual realization) by its Members in the current or any prior taxable year, or portion thereof, commencing on or after the Issue Date (including any tax losses or tax credits), computed at the applicable Tax Percentage for the year that such benefit is taken into account for purposes of this computation. Any part of the Tax Amount not distributed in respect of a tax period for which it is calculated shall be available for distribution in subsequent tax periods.
Tax Amounts with respect to any year shall not exceed an amount equal to (a) the higher of (i) the product of (A) the taxable income of the Partnership (computed as if the Partnership were an individual) for such year as determined in good faith by the board of directors of the General Partner and (B) the Tax Percentage and (ii) the product of (A) the alternative minimum taxable income attributable to the Partnership (computed as if the Partnership were an individual) for such year as determined in good faith by the board of directors of the General Partner and (B) the Tax Percentage, reduced by (b) to the extent not previously taken into account, any income tax benefit attributable to the Partnership which could be realized (without regard to the actual realization) by its Partners in the current or any prior taxable year, or portion thereof, commencing on the date of this Agreement (including any tax losses or tax credits), computed at the applicable Tax Percentage for the year that such benefit is taken into account for purposes of this computation. Any part of the Tax Amount not distributed in respect of a tax period for which it is calculated shall be available for distribution in subsequent tax periods.
Tax Amounts means (1) Manager Tax Amounts, (2) Manager Repayment Note Tax Amounts, (3) L/C Provider Tax Amounts and (4) Permitted Tax Distributions.
Tax Amounts with respect to any year means (a) an amount equal to the higher of (i) the product of (A) the taxable income of the relevant Credit Party for such year as determined in good faith by its Board of Directors; and (B) the Tax Percentage (as defined below), and (ii) the product of (A) the alternative minimum taxable income attributable to such Credit Party for such year as determined in good faith by its Board of Directors; and (B) the Tax Percentage, in either case, reduced by (b) to the extent not previously taken into account, any income tax benefit attributable to such Credit Party solely as a result of its investment in the Credit Parties (including without limitation, tax losses, alternative minimum tax credits, other tax credits and carryforwards and carrybacks thereof) (to the extent such benefit is realized in the year for which the Tax Amount is being determined); provide, however, that in no event shall such Tax Percentage exceed the greater of (1) the highest aggregate applicable statutory marginal rate of Federal, state and local income tax or, when applicable, alternative minimum tax, to which a corporation doing business in New York City would be subject in the relevant year of determination (as certified to the Purchasers by a nationally recognized tax accounting firm); and (2) 50%. Any part of the Tax Amount not distributed in respect of a tax period for which it is calculated shall be available for distribution in subsequent tax periods. The term "Tax Percentage" is the highest aggregate applicable effective marginal rate of Federal, state and local income tax or, when applicable, alternative minimum tax, to which an individual shareholder of the Credit Party would be subject in the relevant year of determination (calculated in good faith by the Credit Party and certified to the Purchaser by a nationally recognized tax accounting firm). Distributions of Tax Amounts may be made from time to time with respect to a tax year based on reasonable estimates, with a reconciliation within 40 days of the earlier of (i) the Credit Party's filing of the Internal Revenue Service Form 1120S for the applicable taxable year; and (ii) the last date such form is required to be filed (without regard to any extensions). The stockholders of each Credit Party will enter into a binding agreement with each Credit Party to reimburse the applicable Credit Party for certain positive differences between the distributed amount and the Tax Amount, which difference must b...
Tax Amounts means, with respect to any taxable period, an amount equal to (A) the product of (x) the taxable income of the Borrower and its consolidated Subsidiaries for such period as determined by the Tax Amounts CPA and (y) the Tax Percentage reduced by (B) to the extent not previously taken into account, any income tax benefit attributable to the tax items of the Borrower and its consolidated Subsidiaries which could legally be realized (without regard to the actual realization) by the Taxpayers with respect to tax items of the Borrower and its consolidated Subsidiaries in the current or any prior taxable year, or portion thereof, commencing on or after the Closing Date (including any tax losses or tax credits up to the aggregate amount of income tax benefits previously legally realizable by the Taxpayers), computed at the applicable Tax Percentage for the year that such benefit is taken into account for purposes of this computation.
Tax Amounts shall have the meaning specified in Section 3.02. ----------- ------------
Tax Amounts with respect to any taxable period shall not exceed an amount equal to (A) the product of (x) the taxable income of the Company for such period as determined by any Tax Amounts CPA and (y) the Tax Percentage reduced by (B) to the extent not previously taken into account, any income tax