Tax Amount. The ‘‘Tax Amount’’ is the product of (i) the Effective Tax Rate and (ii) the Company’s Cumulative Net Taxable Income. The Tax Amount will not be in excess of the product of (A) the Effective Tax Rate and (B) the Company’s taxable income for the Fiscal Year of the determination. For purposes of the foregoing:
Appears in 1 contract
Sources: Joint Venture Agreement
Tax Amount. The ‘‘“Tax Amount’’ ” is (A) the product of (i) the Effective Tax Rate Rate, and (ii) the Company’s Cumulative Net Taxable Income. The Tax Amount will not be in excess of the product of (A) the Effective Tax Rate and Income as determined from time to time less (B) the Company’s taxable income for the Fiscal Year of the determinationcumulative amount distributed pursuant to Section 4.3(a)(i). For purposes of the foregoing:
Appears in 1 contract
Sources: Limited Liability Company Agreement (A-Power Energy Generation Systems, Ltd.)