Adjusted Taxes definition

Adjusted Taxes means all Tax liabilities (or refunds of Taxes) arising from any audit adjustment (including any state, local or foreign audit adjustment resulting from a federal audit adjustment). Adjusted Taxes shall include Tax liabilities (or refunds of Taxes) shown on Tax Returns filed in any jurisdiction (x) in which no Tax Return with respect to such Taxes was filed prior to the Distribution Date or (y) in which Tax Returns are filed or a Tax liability becomes due as a result of action by a Governmental Authority in such jurisdiction.
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Adjusted Taxes means the Taxes for any Tax Year, plus the expenses of any contests (administrative or otherwise) of tax assessments or proceedings for refunds incurred during such Tax Year. If Landlord is successful in obtaining a refund for any Tax Year(s), the Adjusted Taxes for the Tax Year(s) to which such refund is applicable shall be recalculated to reflect the amount of the refund received by Landlord, and Tenant shall receive a credit, if appropriate, equal to the amount of the difference between the Tax Adjustment which was actually paid by Tenant and the Tax Adjustment which actually is due, taking into account the amount of the refund.
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Adjusted Taxes means, with respect to any period from the Closing Date, Taxes other than such Taxes payable in connection with the disposition of its interests and assets with respect to its Church’s Chicken and Texas Chicken business pursuant to that certain Asset Purchase Agreement between the Borrower and Cajun Holding Company, a Delaware corporation, dated as of October 30, 2004, as may be amended, and income from discontinued operations.
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Examples of Adjusted Taxes in a sentence

  • Lessor and Lessee acknowledge that, from and after January 1, 2013, Lessee’s Percentage of Operating Expenses and Lessee’s Percentage of Adjusted Taxes for the Building shall be calculated in accordance with the provisions of this Addendum Regarding Operating Expenses and Real Estate Taxes (Levi ▇▇▇▇▇▇▇ Building) (“Addendum”).

  • This Addendum is to be attached to the Lease for the purpose of identifying those items that are to be included in, as well as excluded from, Operating Expenses and Adjusted Taxes for the Building, as well as describing Lessee’s right to audit Operating Expenses and Adjusted Taxes for the Building.

  • If the preceding sentence would apply but for the fact that the Adjusted Taxes in question are attributed to the Parties pursuant to clause (C) (rather than clause (A) or (B)), then the preceding sentence shall apply but shall be modified to account for the shared liability of the Parties pursuant to clause (C).

  • If the Adjusted Taxes for any Tax Year shall be in excess of the Tax Allowance, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Proportionate Share of such excess.

  • If Landlord is successful in obtaining a refund for any Tax Year(s), the Adjusted Taxes for the Tax Year(s) to which such refund is applicable shall be recalculated to reflect the amount of the refund received by Landlord, and Tenant shall receive a credit, if appropriate, equal to the amount of the difference between the Tax Adjustment which was actually paid by Tenant and the Tax Adjustment which actually is due, taking into account the amount of the refund.

  • If the preceding sentence would apply but for the fact that the Adjusted Taxes in question are attributed to the Parties pursuant to clause (C) (rather than clause (A) or (B)), then the preceding sentence shall apply but 11 11 shall be modified to account for the shared liability of the Parties pursuant to clause (C).

  • Additional Rent thereafter will be computed utilizing (i) a Tax Allowance defined as the Adjusted Taxes for Tax Year 2001, and (ii) an Operating Expense Allowance defined as the Operating Expense for Operating Year 2001.

  • Landlord: Tenant: From and after the Commencement Date, Tenant shall pay to Landlord, on account of the Taxes for the current Tax Year, monthly installments in advance equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated Adjusted Taxes, as determined by Landlord, for such Tax Year.

  • Tenant's Share of the amount by which Adjusted Taxes for any Tax Year exceeds the Tax Allowance.

  • Notwithstanding the foregoing, Landlord from time to time during the Lease Term may elect to waive the requirement for payment of monthly installments on account of the estimated Adjusted Taxes and, in such case, Tenant shall pay the full amount of any unpaid Adjusted Taxes within fifteen (15) days after Tenant receives any Tax Statement.


More Definitions of Adjusted Taxes

Adjusted Taxes means, in the event of a breach of the representation contained in Section 5.6(ii) or the second sentence of 5.6(i), the federal income tax liability of the CSC Group as shown on its federal income tax returns, as amended, taking into account the amount of the reduction in the GE Capital Gain that gives rise to the breach of such representation, provided that Adjusted Taxes shall not exceed the actual tax liability of the CSC Group for each taxable year after a reduction in the GE Capital Gain. (h) In the event of any claim for damages, CSC shall provide to GE Capital reasonable access to CSC's tax returns and any workpapers establishing the existence of Tax Damages. In the event of any audit or other administrative or judicial proceeding that could result in the adjustment of items of income, gain, deduction or loss that causes a reduction of the GE Capital Gain pursuant to which GE Capital would be obligated to indemnify CSC hereunder, CSC shall provide
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