Allocated Taxes definition

Allocated Taxes in respect of a particular taxation year of Corix means the amount determined by the following formula: (A x C) + (B x C) where (A) is the amount, if any, by which  the aggregate of each amount that is required by subsection 13(1) of the Income Tax Act, or by any successor provision thereof, to be included by Corix in computing its income for that particular taxation year as a consequence of the Purchase exceeds  the aggregate of each amount that is deductible by Corix pursuant to subsection 20(16) of the Income Tax Act, or pursuant to any successor provision thereof, in computing its income for that particular taxation year as a consequence of the Purchase; (B) is the aggregate amount that is required to be included in computing the income of Corix for that particular taxation year as a consequence of the implementation of the reorganization contemplated by Section 7.2(a) or Section 7.2(c); and (C) is the effective combined federal and British Columbia rates of taxation that are generally applicable to business income earned by Corix during that particular taxation year.
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Allocated Taxes has the meaning given to it in Section 7.2(g)(iii).
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Allocated Taxes means all Taxes assumed by or allocated to the Sellers pursuant to this Agreement, including Sections 5.09 and 5.11.
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Examples of Allocated Taxes in a sentence

  • Exhibit F (Methodology for Determining Allocated Taxes) attached to the Fifth Amendment is hereby made Exhibit F to the Credit Agreement for all purposes.

  • Exhibit F (Methodology for Determining Allocated Taxes) attached to the Eighth Amendment is hereby made Exhibit F to the Term Loan Agreement for all purposes.

  • This Second Amendment shall take effect upon the Effective Date and shall remain in full force and effect, to the extent authorized by law, for the Amended Allocated Taxes Period (unless earlier terminated as provided in the First Amendment, Section 4 for herein), until the final payment of available revenues collected from the Transient Room Tax for the Amended Allocated Taxes Period has been made.

  • It is envisioned that the Watsonville Library’s MOE distribution will remain fixed for an additional one (1) year after the term of this Agreement and then be reduced so that the Watsonville Library’s share of the Annual Net Amount of Allocated Taxes received by the County Library Fund reaches the targeted level of funding based on the population served.

  • Seller shall be solely responsible for and pay one hundred percent (100%) of the Vacant Space Allocated Taxes for the year of Closing at or prior to Closing.

  • This Amendment shall take effect upon the Effective Date and shall remain in full force and effect, to the extent authorized by law, for the Amended Allocated Taxes Period (unless earlier terminated as provided for herein), until the final payment of available revenues collected from the Transient Room Tax for the Amended Allocated Taxes Period has been made.

  • This Second Amendment shall take effect upon the Effective Date and shall remain in full force and effect, to the extent authorized by law, for the Amended Allocated Taxes Period (unless earlier terminated as provided in the First Amendment, Section 4), until the final payment of available revenues collected from the Transient Room Tax for the Amended Allocated Taxes Period has been made.


More Definitions of Allocated Taxes

Allocated Taxes means all Taxes assumed by or allocated to the Sellers pursuant to this Agreement, including Sections 5.09 and 5.11. “Alternative Financing” has the meaning set forth in Section 5.06(a).
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