Aggregate Taxes definition

Aggregate Taxes means all federal, state and local income or franchise taxes deemed payable by the Company with respect to the aggregate income or gains (offset by losses and loss carryforwards) recognized by the Trust Account and each other trust account held in the Rabbi Trust and "Individual Trust Account Taxes" means all federal, state and local income or franchise taxes deemed payable by the Company with respect to the income or gains attributable to the Trust Account (offset by losses and loss carryforwards of the Trust Account on a separate basis)."
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Aggregate Taxes has the meaning set forth in Section 10.02(l).
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Aggregate Taxes means the total of (i) Tenant's Building Proportionate Share of Taxes and (ii) Tenant's Property Proportionate Share of Taxes in any Tax Year. "Aggregate Operating Costs" shall mean the total of (y) Tenant's Building Proportionate Share of Operating Costs and (z) Tenant's Property Proportionate Share of Operating Costs in any calendar year. The term "Aggregate Taxes and Operating Costs" shall be replaced with the term "Aggregate Taxes and Aggregate Operating Costs." Section XI(g) of the Lease is hereby amended to read as follows:
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More Definitions of Aggregate Taxes

Aggregate Taxes means all federal, state and local income or franchise taxes deemed payable by the Company with respect to the aggregate income or gains (offset by losses and loss carryforwards) recognized by all of the Accounts held in the Trust and "Individual Trust Account Taxes" means, with respect to each Account, all federal, state and local income or franchise taxes deemed payable by the Company with respect to the income or gains (offset by losses and loss carryforwards) attributable to such Account. In the event the Account does not have sufficient cash to make such distribution, the Company may cause the Trustee to sell securities or property to provide sufficient cash. Prior to making a payment to an Executive pursuant to Section 2(a) hereof, the Trustee shall reduce the Executive's Account by the amount by which the Trustee may deduct pursuant to the first sentence of this Section 5(c) with respect to the period from the end of the immediately preceding taxable year of the Company to the date of the payment to the Executive, including any taxes payable as a result of the distribution. For purposes of determining Aggregate Taxes and Individual Trust Account Taxes pursuant to this Section 5(c), it shall be assumed that the Company pays all taxes at the maximum marginal rate of federal income taxes and state and local income and franchise taxes applicable to business corporations in the jurisdictions in which the Company is subject to state and local income and franchise taxes, with such federal and state taxes reduced in order to reflect the deductibility of any state and local income and franchise taxes in determining federal taxes."
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Related to Aggregate Taxes

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • 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.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).