Annual Tax Liability definition

Annual Tax Liability has the meaning set forth in Section 5.2(c).

Annual Tax Liability means the amount that is equal to (y) the product of (i) the Assumed Tax Rate and (ii) the net taxable income, including income from the application of Section 704(c) but excluding any gain, loss or deduction resulting from the application of Section 743 or Section 754 of the Code allocated to such Member (or its successor-in-interest) with respect to its Common Units for such Allocation Year. To assist the Common Members with any quarterly estimated tax payments that they might owe, the Company agrees to make commercially reasonable efforts to make quarterly estimates of any annual Tax Liability Distribution that the Company estimates would be owed to the Members, with such estimates being trued up in connection with the payment of the annual Tax Liability Distribution.

Annual Tax Liability means, for any Fiscal Year, an amount equal to:

Examples of Annual Tax Liability in a sentence

• The 100% design development documents shall be based on the 50% Design Development Documents and Preliminary Budget and Schedule, and shall be in compliance with the ESC Preliminary Program, the Quality Standard, and applicable law.

• In determining the annual caps, numerous other factors have also been incorporated as stated in the letter from the Board in the Circular including the market trend, the estimated annual growth of the said sales, the Artland Group’s plan for further expansion of its retail network, the prevailing and the expected market conditions as well as the input of the management and general managers based on their experience and expertise.

• Annual Tax Liability Less Than $5 If a seller’s liability for the local food and beverage tax is less than $5 for the taxable year, that seller is exempt from that tax for that year (i.e., the exemp- tion applies to persons with less than $1,000 of sales subject to the local food and beverage tax).

• Following the occurrence of a Default or an Event of Default that persists beyond any applicable notice and cure period and/or which has not been waived or otherwise cured, make or pay, directly or indirectly, any Distributions other than Distributions in an amount not in excess of the applicable Annual Tax Liability and Distributions made by a Borrower to another Borrower.

• Following the occurrence of a Default or an Event of Default that persists beyond any applicable notice and cure period and/or which has not been waived or otherwise cured, make or pay, directly or indirectly, any Distributions other than Distributions in an amount not in excess of the applicable Annual Tax Liability.

More Definitions of Annual Tax Liability

Annual Tax Liability means a total tax liability of $100,000.00 or more in the preceding calendar year or a reasonable anticipation of a total tax liability of $100,000.00 or more in the current year.

Annual Tax Liability means an amount equal to the aggregate, annual tax liabilities of the stockholder(s)/member(s) of the Borrower, arising on account of or in connection with said stockholder(s)'s/member(s)' ownership interests in the Borrower.

Annual Tax Liability means a total tax liability of

Annual Tax Liability means, with respect to any Unitholder for any Fiscal Year, an amount equal to (1)(a) the highest U.S. federal income tax rate for individuals in effect for such Fiscal Year, plus (b) the highest applicable state and local income tax rates applicable to any Unitholder for individuals in effect for such Fiscal Year (which, in the case of clauses (a) and (b), takes into account the tax character of the income or gain allocated to the Unitholder by the Company), multiplied by (2) the U.S. federal net taxable income allocated by the Company to such Unitholder for such Fiscal Year. For the avoidance of doubt, the amount determined in clause (1) of the foregoing sentence shall be the same for each Unitholder.

Annual Tax Liability means a total tax liability of in the preceding calendar or a reasonable anticipation of a total tax liability in the current year as follows:

Annual Tax Liability shall have the meaning set forth in Section 7.8 of this Agreement.

Annual Tax Liability means the amount that is equal to (y) the product of (i) the Applicable Tax Rate and (ii) the net taxable income allocated to, or otherwise includable in the taxable income of, such Member with respect to the Company, including any gain, loss or deduction resulting from the application of Code Section 704(c), Code Section 743, or Code Section 754 allocated to such Member (or its successor-in-interest) for such Taxable Year but excluding any so-called guaranteed payments to such Member pursuant to Code Section 707 for the provision of services.