Aggregate Tax definition

Aggregate Tax means, with respect to any Sold Tax Lien, the full amount of tax due (as defined by the Ohio Revised Code), including the full amount ofdelinquent taxes charged against a Certificate Parcel at the time the Tax Certificate for that Certificate Parcel is sold or transferred plus interest accrued, plus any additional interest, fees, charges or penalties allowed by the Statutes and assignable pursuant to the Act. The Aggregate Tax will serve as the basis for calculation of the Purchase Price.
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Aggregate Tax means, with respect to any Tax Receivable or Assigned Tax Receivable, the full amount of ad valorem tax due, including the full amount of principal plus interest accrued plus any additional interest, fees, charges or penalties allowed by the State Law and for which assignment is authorized under the Act.
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Examples of Aggregate Tax in a sentence

  • No Member shall enter into settlement negotiations with the Internal Revenue Service or any state, local or foreign taxing authority with respect to any issue concerning the Company's income, gains, losses, deductions or credits if the tax adjustment attributable to such issue (assuming the then current Aggregate Tax Rate) would be $2 million or greater, without first giving reasonable advance notice of such intended action to the other Member.

  • No Member shall enter into settlement negotiations with the Internal Revenue Service or any state, local or foreign taxing authority with respect to any issue concerning the Company’s income, gains, losses, deductions or credits if the tax adjustment attributable to such issue (assuming the then current Aggregate Tax Rate) would be $2 million or greater, without first giving reasonable advance notice of such intended action to the other Member.

  • The Trust may draw on the LCs in an aggregate amount equal to the difference between (i) the Aggregate Tax Benefit Payment Amount and (ii) the aggregate Tax Benefit Payments previously paid in cash hereunder to the Trust.

  • For purposes of this Section 2.01(a), the amount of a Tax Benefit Payment that is payable to a TRA Holder for any Taxable Year shall be determined by multiplying (i) the Aggregate Tax Benefit Payment for the Taxable Year by (ii) such TRA Holder’s Sharing Percentage (such amount, a “Tax Benefit Payment”).

  • This Agreement shall terminate on the date on which the Aggregate Tax Benefit Payment Amount has been paid in full in cash to the Trust.

  • Aggregate Tax Distributions shall not exceed for any year, an amount equal to the Borrower's or such Subsidiary's (as the case may be) taxable income for such year multiplied by the maximum combined federal and state tax rate for individuals or corporations, as the case may be (expressed as a decimal) then in effect calculated on a consolidated basis to the extent applicable.

  • Each year, within thirty (30) days following the date on which the CIM Member files its annual tax returns, the CIM Member shall calculate its Aggregate Tax Liability for all periods ending on or before the period covered by such tax returns.

  • Seller shall, and shall cause its Affiliates to, deliver to Buyer any documentation or information that is reasonably requested by Buyer in order to determine the aggregate Tax basis of the U.S. Inventory as of immediately prior to the Closing (the “Final Inventory Tax Basis”) and the aggregate Tax basis of all U.S. Assets as of immediately prior to the Closing (the “Final Aggregate Tax Basis”).

  • Adjustments to the Schedule of Receivables and the Purchase Price necessary to assure that the Purchase Price is equivalent to (plus any premium or less any discount) the Aggregate Tax on all Assigned Tax Receivables on the Schedule of Receivables shall be rectified by a refund to the Assignee of excess Purchase Price, or payment to the Metropolitan Government of deficient Purchase Price, as applicable and pursuant to written instructions from the Assignee and the Metropolitan Government.

  • Neither Heartland nor any of its Affiliates will enter into any settlement or compromise of any Tax Proceeding that could result in an indemnification claim for Special Tax Losses payable from the Aggregate Tax Holdback Amount without the prior written consent of ▇▇▇▇▇▇▇ (which consent will not be unreasonably withheld, conditioned or delayed).

Related to Aggregate Tax

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Cap means (x) with respect to any four fiscal quarter period through and including the four fiscal quarter period ended after the consummation of the Empire Acquisition, 20% and (y) thereafter, 15%, in each case, of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;