Accrued Tax Liabilities definition

Accrued Tax Liabilities means the sum of (i) the aggregate liability for current income Taxes (as reduced by any available reliefs and as reduced by any current income Tax refunds) and (ii) the aggregate liability for non-income Taxes (as reduced by any available reliefs and by any current non-income Tax refunds), in each case, with respect to the Companies and the Subsidiaries, determined in accordance with GAAP (applying GAAP in the same manner used to prepare the Recent Balance Sheet).

Accrued Tax Liabilities means, for any period, payments accrued from and after January 1, 2003, and allocable to the Borrower in accordance with the Tax Sharing Policy, which payments shall be determined on the basis of the financial income, taxable income, credits and other amounts directly related to the members of the Rainbow Group which would generally be comparable to those payments that would have resulted if the Borrower had filed a separate tax return.

Accrued Tax Liabilities means, for any period, payments accrued from and after January 1, 2002, and allocable to the Borrowers in accordance with the Tax Sharing Policy, which payments shall be determined on the basis of the financial income, taxable income, credits and other amounts directly related to the members of the RMG Tracking Stock Group which would generally be comparable to those payments that would have resulted if the Borrowers had filed separate tax returns.

Examples of Accrued Tax Liabilities in a sentence

• Any payment made pursuant to the obligations in the immediately preceding two sentences shall be adjusted as necessary if the Final Accrued Tax Liabilities are different from the Estimated Accrued Tax Liabilities.

• Any payment made pursuant to this Section 5.6(h) shall be adjusted as necessary if the Final Accrued Tax Liabilities are different from the Estimated Accrued Tax Liabilities.

• The Merck Accrued Tax Liabilities, the Merck Other Debt and the Merck Closing Cash shall be used to calculate the “Merck Actual Contributed Net Debt Variance” and the “Contributed Debt Adjustment Special Dividend”, both as defined in Section 6.8 below.

• The Sellers will timely pay (or cause to be timely paid) all Pre-Closing Tax Liabilities (as such term is defined herein) shown as due and owing on all such Tax Returns, other than to the extent that such liability is included in Accrued Tax Liabilities that results in an actual reduction in Transaction Consideration.

• Notwithstanding the foregoing, the Sellers shall not be liable for any such Taxes that are included in Accrued Tax Liabilities or Selling Expenses, and, in each case, result in an actual reduction in the Transaction Consideration.

More Definitions of Accrued Tax Liabilities

Accrued Tax Liabilities all Liabilities of ISP Holdings and its Post Spin Subsidiaries relating to Taxes.

Accrued Tax Liabilities means, for any period, payments accrued from and after January 1, 2003, and allocable to the Borrowers in accordance with the Tax Sharing Policy, which payments shall be determined on the basis of the financial income, taxable income, credits and other amounts directly related to the Borrower Parties which would generally be comparable to those payments that would have resulted if the Borrowers had filed separate tax returns.

Accrued Tax Liabilities means Taxes (if any) of the Company attributable a Pre-Closing Tax Period that remain unpaid as of immediately prior to the Closing, provided that such amount (A) shall be calculated in accordance with the past practices of the Company with respect to Tax payment and Tax Return filing obligations, (B) shall take into account and be reduced by any Tax credits or other prepaid amounts (including estimated Taxes), (C) shall take into account and be reduced by any Transaction Tax Deductions to the extent applicable and (D) shall not take into account and be increased by any Sales Tax Liability or Deferred Payroll Taxes.

Accrued Tax Liabilities means, collectively, accrued tax liability line items as of the Closing Date, including but not limited to the following line items as of the Closing Date, all as determined in accordance with GAAP, consistent with the past practice of the Company: (a) "Accrued Sales & Use Tax", (b) "Accrued Tax Fees", (c) "Accrued Property Tax", (d) "Accrued Business Tax", (e) "Accrued MA Use Tax", (f) "Accrued CA Use Tax", (g) "Accrued FL Use Tax", (h) "Accrued Foreign Tax", (i) "Accrued ER Option Taxes", and (j) "Accrued State Intangibles Tax".

Accrued Tax Liabilities all unpaid Pre-Closing Tax Liabilities (which amount shall not be less than zero and shall not include any offsets or reductions with respect to Tax refunds or overpayments of Tax). For the sake of clarity, any reserves established or required to be established under GAAP methodologies that require a reserve for contingent Taxes or with respect to uncertain Tax positions for GAAP purposes shall not impact the calculation of Accrued Tax Liabilities.

Accrued Tax Liabilities has the meaning set forth in Section 2.4(a).

Accrued Tax Liabilities means Liabilities for Taxes on the net income of Mandate’s Subsidiaries for the period ending prior to and including the period ending on the Closing Date to the extent that such Liabilities have been accrued for or reserved against on the Financial Statements.