Examples of Current Year Taxes in a sentence
DevCo shall pay or cause to be paid (i) all delinquent real estate taxes as of the date of the applicable ROFO/Option Closing and (ii) so much of the Current Year Taxes as shall be allocable to DevCo (or its applicable Affiliate) by proration (based upon the number of days in such calendar year prior to the date of the applicable ROFO/Option Closing).
Another option for field processing of Petrifilm that is briefly mentioned in the literature is a water bath.
Any Taxes which are payable in the calendar year in which a ROFO/Option Closing occurs but are not due and payable at the time of such ROFO/Option Closing and the portion of the Current Year Taxes not assumed by AIR hereunder shall be credited to AIR through a credit against the applicable purchase price at such ROFO/Option Closing reflected on the applicable closing statement.
No increase will be paid, due, or owing unless all evidence of valuation and payment have been previously submitted to the LCO.(2) In the event of a decrease in Current Year Taxes from the Real Estate Tax Base, or in the event of any refund or tax deduction, the Lessor shall notify the LCO in accordance with paragraph (b) of this clause.
The amount of lump sum payment or rental credit shall be based upon evidence of valuation and payment submitted by the Lessor to the LCO in accordance with paragraph (b).(1) In the event of an increase in Current Year Taxes over the Real Estate Tax Base, the Lessor shall submit a proper invoice of the tax adjustment including the calculation thereof together with all tax bills and evidence of payment to the LCO.
Any such taxes which are payable in the calendar year in which Closing occurs but are not due and payable at the time of Closing and the portion of the Current Year Taxes not assumed by Buyer hereunder shall be allowed to Buyer as a credit against the Purchase Price at Closing.
So long as Landlord receives an abatement of Taxes from the County Assessor, by reason of Tenant’s operation as an agency or department of the State of Colorado: Tenant shall receive a credit against its Monthly Rent beginning with the Commencement Date based upon the Current Year Taxes.
Any Taxes which are payable in the calendar year in which Closing occurs but are not due and payable at the time of Closing and the portion of the Current Year Taxes not assumed by Buyer hereunder shall be allocated to Buyer as a credit against the Purchase Price at Closing.
If the conveyance of the Property involves a tax parcel split, the Current Year Taxes shall be allocated between the newly-created parcels based on the parcel split information provided by the appropriate property tax official (or, if such information is not provided by the appropriate property tax official, then proportionately based on the total acres included with each respective newly-created parcel, without reference to the value of any improvements).
Associating Current Year Taxes with Income Groups In order to determine the foreign income taxes paid or accrued by the CFC that are properly attributable to amounts that a domestic corporation that is a United States shareholder of the CFC takes into account in determining its subpart F or GILTI inclusions, proposed §1.960-1(d) provides rules associating current year taxes of the CFC with the types of income earned by the CFC from which the inclusions arise.