Assumed Taxes means the Federal, State and local income and employment taxes that would be payable by Executive for the year in question, assuming that the amount taxable would be subject to the highest Federal and applicable State and local income and employment taxes.
Assumed Taxes means, with respect to any Equity Issuance, an amount equal to such incremental annual increase in franchise Taxes as Borrower estimates in good faith shall be payable as a result of such Equity Issuance.
Assumed Taxes means (i) any Taxes of any Transferred Joint Venture Entity for the taxable periods, or portions thereof, beginning after the Closing and (ii) any Taxes imposed with respect to the Group 1 Business (other than any Taxes of a Transferred Joint Venture Entity), the Group 2 Business or any Transferred Assets Related thereto or any income or gain derived with respect thereto for the taxable periods, or portions thereof, beginning after the Closing.
Examples of Assumed Taxes in a sentence
Buyer, at its sole cost and expense, shall control any audits or other proceedings relating to Assumed Taxes.
Required screening shall be maintained for the operative lifetime of the solar collection system CUP.
The goal of the research is to adapt or create photonics structures.
Purchaser shall be entitled to all refunds for Assumed Taxes otherwise payable to Target or a Target Non-Purchased Entity.
Purchasers shall on a joint and several basis indemnify and hold harmless each Target Non-Purchased Entity and any shareholder, director, officer, or employee of a Target Non Purchased Entity for all Assumed Taxes.
More Definitions of Assumed Taxes
Assumed Taxes has the meaning specified under the defined term “Assumed Liabilities.”
Assumed Taxes means any Taxes arising out of, or with respect to, the Purchased Assets for any Post-Closing Tax Period.
Assumed Taxes means, with respect to each Specified Business, any Taxes imposed with respect to such Specified Business or any Transferred Assets Related thereto or any income or gain derived with respect thereto for the taxable periods, or portions thereof, beginning after the Closing.
Assumed Taxes has the meaning set forth in Section 3.2(d).
Assumed Taxes means any Liability for Taxes arising from the ownership or operation of the Business or the Acquired Assets for a Post-Closing Tax Period.
Assumed Taxes means the following Taxes to the extent accrued as a current liability on the Net Working Capital Closing Statement and included in the calculation of Final Net Working Capital: (i) real or personal property Taxes with respect to the Contributed Assets that are due and payable by NGL Subsidiary without penalty after the Closing Date and which are attributable to a Pre-Closing Tax Period and (ii) employment Taxes with respect to wages payable to the Transferred Employees that are due and payable by NGL Subsidiary without penalty after the Closing Date which are attributable to a Pre-Closing Tax Period.
Assumed Taxes means any Liability for Taxes arising from the ownership or operation of the Business or the Acquired Assets in a Post-Closing Tax Period. For the avoidance of doubt, Taxes allocated to Buyer under Section 2.10(c) shall be treated as Assumed Taxes.