Income Tax Liabilities definition

Income Tax Liabilities means all liabilities for Income Taxes.

Income Tax Liabilities means an amount determined by multiplying (a)(i) all taxable income and gains of the Company and its Restricted Subsidiaries for such taxable year (the "Taxable Amount") minus (ii) an amount (not to exceed the Taxable Amount for such taxable year) equal to all losses of the Company and its Restricted Subsidiaries in any of the three prior taxable years that have not been previously subtracted pursuant to this clause (ii) from the Taxable Amount for any prior year by (b) forty-four percent (44%) or, if there is a change in applicable federal, state or local tax rates, such other rate as the Issuers determine in good faith to be a reasonable approximation of the effective combined federal, state and local income taxation rates generally payable by Parent or its owners with respect to the income and gains of the Company and its Restricted Subsidiaries.

Income Tax Liabilities means an amount determined by multiplying (a)(i) all taxable income and gains of the Company and its Subsidiaries for such taxable year (the "Taxable Amount") minus (ii) an amount (not to exceed the Taxable Amount for such taxable year) equal to all losses of the Company and its Subsidiaries in any of the three prior taxable years that have not been previously subtracted pursuant to this clause (ii) from the Taxable Amount for any prior year by (b) forty-two percent (42%) or, if there is a change in applicable federal, state or local tax rates, such other rate as the Issuers determine in good faith to be a reasonable approximation of the effective combined federal, state and local income taxation rates generally payable by Parent or direct or indirect owners of the Company with respect to the income and gains of the Company and its Subsidiaries.

Examples of Income Tax Liabilities in a sentence

• Parent shall pay, or cause to be paid, and shall be responsible for, any and all Income Taxes or Other Taxes due or required to be paid with respect to or required to be reported on any Parent Separate Return (including any increase in such Income Tax Liabilities or Other Tax Liabilities as a result of a Final Determination).

• SpinCo shall pay, or cause to be paid, and shall be responsible for, any and all Income Taxes or Other Taxes due or required to be paid with respect to or required to be reported on any SpinCo Separate Return (including any increase in such Income Tax Liabilities or Other Tax Liabilities as a result of a Final Determination).

• Parent shall pay, or cause to be paid, and shall be responsible for, any and all Income Taxes and Other Taxes due or required to be paid with respect to or required to be reported on any such Income Tax Return or Other Tax Return (in each case, including any increase in such Income Tax Liabilities or Other Tax Liabilities as a result of a Final Determination).

• For purposes of clause (i) of this subsection (a), the Income Tax Liabilities of any member or members of the Spinco Group for any taxable period during which such member or members joined with members of the Old Company Group, the Parent Group, or any other group in the filing of a consolidated, unitary, combined or other group Tax Return shall be determined as if each of such Spinco Group member or members filed its Tax Returns for such period on a stand-alone basis.

• The Genworth Companies shall allocate the federal income tax liability of the Consolidated Group to each Member by multiplying the Consolidated Federal Income Tax Liability times a fraction, the numerator of which is the Member’s Separate Federal Income Tax Liability and the denominator of which is the sum of the Separate Federal Income Tax Liabilities of the Genworth Companies.

More Definitions of Income Tax Liabilities

Income Tax Liabilities means (i) with respect to the Divested Subsidiaries, any Income Taxes for any taxable period ending on or before the Closing Date, and any Income Taxes for any portion of any taxable period that includes but does not end on the Closing Date (determined as if such taxable period ended as of the close of business on the Closing Date) and (ii) with respect to Acquired Assets (other than the Divested Subsidiaries and assets held by the Divested Subsidiaries) sold by Ciba or any of its Subsidiaries, all obligations or liabilities of Ciba or any of its Subsidiaries for Income Taxes attributable to the Transferred Business accruing, or with respect to the activities of the Transferred Business occurring, on or before the Closing Date (in each case described in (i) and (ii) above, other than Income Taxes resulting from any action taken by Hexcel or its affiliates after or concurrent with the Closing (other than the acquisition of the Acquired Assets, Danutec Equity and Deferred Assets)).

Income Tax Liabilities shall have the meaning ascribed to such term in Section 6.20(g) hereof.

Income Tax Liabilities means liabilities (including estimated liabilities to the extent amounts are required to be paid on an estimated basis) for U.S. federal income taxes (together with any interest, penalties, additions to tax, or additional amounts with respect thereto), imposed under any applicable Federal income tax law, with respect to taxable income and gains of the Partnership.

Income Tax Liabilities means liabilities and obligations (including estimated liabilities to the extent taxes and related amounts are required to be paid on an estimated basis) for U.S. federal and state income taxes (together with interest, penalties, additions to tax, or additional amounts attributable thereto) resulting from Company operations.

Income Tax Liabilities means all liabilities for Income Taxes. “Income Tax Return” shall mean any return, report, filing, statement, questionnaire, declaration or other document required to be filed with a Tax

Income Tax Liabilities means the liability for federal and state Taxes (as defined in Section 2.14(i)) on income of MDIC for the Tax period or portion thereof ending on the Effective Date, reduced by the amount of any Tax deposits made by MDIC for such Tax period or portion thereof and any cash on hand at MDIC at Closing.

Income Tax Liabilities means with respect to any member or, in the event such member is a flow-through entity, such direct or indirect owner or owners of such member as is or are subject to income taxes on income of AAS, Valley or Holdings for any calendar year, an amount determined as follows: (i) with respect to any Tax Distribution to be made at a time when no Default or Unmatured Default has occurred and is continuing, determined by multiplying (a) such Person's allocable share of all taxable income and gains of AAS, Valley or Holdings (as determined under Section 7 of each of the Operating Agreements of AAS, Valley and Holdings) by (b) forty-four percent (44%); and