Income Tax Expense definition

Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

Income Tax Expense means the income tax expense for the applicable period (to the extent included in the computation of Net Income), determined in accordance with GAAP.

Income Tax Expense means, with respect to the Borrower for any fiscal period, the aggregate of all taxes on the income of the Borrower for such period, whether current or deferred, determined on an unconsolidated basis in accordance with GAAP.

Examples of Income Tax Expense in a sentence

• Any tax credits themselves will be recorded in the Income Tax Expense and Other Taxes deferral account in Section 4.2(f).

• Income Tax Expense -- Our effective tax rates associated with results from continuing operations for 2001 and 2002 were 117.6% and 47.2%, respectively.

• See "Legal Proceedings" in Part I of Item 3 of this report.‌ Income Tax Expense.

• Any tax credits themselves will be recorded in the Income Tax Expense and Other Taxes deferral account in section 4.2(e).

• Notwithstanding anything to the contrary herein or in any other Transaction Document, the Manager may, from time to time on any Business Day, upon written request to the Account Bank, withdraw from the Collection Account such amounts as are needed to discharge any Borrower Expense or, except during periods when such expenses would not be payable at the level of the first allocation under Section 7.1(e)(i), Borrower Income Tax Expense.

More Definitions of Income Tax Expense

Income Tax Expense means, with respect to the Borrower, for any period, the aggregate, without duplication and on a consolidated basis, of all current Taxes on the income of the Borrower for such period, determined in accordance with IFRS.

Income Tax Expense means the aggregate Taxes accrued by the Parent, the Borrower and its Subsidiaries for the relevant period of determination, plus any cash Distributions made by the Borrower for the purposes of satisfying any Tax liabilities in accordance with Section 8.08 hereof.

Income Tax Expense means, with respect to any Person for any period, the provision for U.S. federal, state, local, franchise and similar taxes and non-U.S. income taxes payable by Parent and its Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

Income Tax Expense means, for any period, the aggregate of all Taxes (including deferred Taxes) based on the income of a Person for such period, determined in accordance with GAAP.

Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes paid or due to be paid during such period.

Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.