Applicable Tax Amount definition

Applicable Tax Amount means any withholding or deduction on account of any present or future taxes, duties or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction or any political subdivision thereof or any authority or agency therein or thereof having power to tax.

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Applicable Tax Amount has the meaning set forth in Section 11.25.

Applicable Tax Amount has the meaning set forth in Section 7.12 hereof.

Examples of Applicable Tax Amount in a sentence

• All amounts payable by CEPI under this Agreement are exclusive of amounts in respect of any applicable valued added tax (or national equivalent), any applicable sales tax, export or import duty or any other taxes (other than VAT and taxes imposed on the profits of an entity), currency exchange expenses or banking charges under any Applicable Laws (“Applicable Tax Amount”), and CEPI shall be liable to pay such Applicable Tax Amount.

• Whenever the Benefactor is obliged to make a payment under this Deed which attracts value added, sales, use, excise, other similar taxes or duties or currency exchange expenses or banking charges under any national or supranational laws and regulations applicable to a party or any party’s obligations described under or pursuant to this Deed (“Applicable Tax Amount”) the Benefactor shall be liable to pay such Applicable Tax Amount in addition to the sums otherwise payable under this Deed.

• All amounts payable by Rothamsted under the Contract are inclusive of valued added tax (or national equivalent) applicable to the Goods or Services from time to time (“VAT”) and any applicable sales tax, export or import duty or any other taxes, currency exchange expenses or banking charges under any Applicable Laws (“Applicable Tax Amount”) and the Supplier shall be liable to pay such Applicable Tax Amount unless otherwise agreed in the Order or through a Change Control Note.

More Definitions of Applicable Tax Amount

Applicable Tax Amount means, in any relevant year of determination, with respect to any Person holding Equity Interests of a Loan Party and taking into account only such Person’s share of income and deductions attributable to its equity ownership interest in such Loan Party, an aggregate amount equal to such holder of Equity Interests' actual federal and state income tax liability for such taxable year (or portion thereof) attributable to such Loan Party's taxable income (taking into account the deductibility of state and local taxes for federal income tax purposes).

Applicable Tax Amount means, with respect to any amount of Proceeds payable to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, the product of (i) such amount and (ii) the hypothetical highest marginal rate of federal, state and local income tax applicable to Discover and its Affiliates with respect to such Proceeds in the taxable year in which such Proceeds are required to be taken into account by Discover for tax purposes. For the avoidance of doubt, the hypothetical highest marginal rate referred to in clause (ii) above shall be determined (x) based on Discover’s state and local income tax rate after taking into account the effect of applicable allocation and apportionment rules and (y) taking into account the deductibility of state and local income taxes for federal tax purposes.