Eligible Tax Refund definition

Eligible Tax Refund means the tax refund receivable by the Company for the 2008 tax year.
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Eligible Tax Refund. The unpaid balance of the federal income tax refund due to the Parent for the tax year ending January 31, 1998, in the estimated amount of $12,000,000.00. The amount of the Eligible Tax Refund shall be reduced by any payments received by any Obligor with respect thereto. In any event, after the earliest of the receipt of payment of the entire tax refund, ninety days after the filing of the Borrowers' tax return for the tax year ending January 31, 1998, or December 31, 1998 (regardless of whether any payment is received), the Eligible Tax Refund shall be zero.
Sample 1
Eligible Tax Refund. The amount of the federal tax refund due the Borrower for 2003, but only during the period commencing on that date that each of the following conditions have been satisfied through that date which is 90 days from the date that the Borrower's 2003 federal tax return is filed:
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Examples of Eligible Tax Refund in a sentence

  • This is not a program whose success is based solely on the number of participants.

  • Finally, with regard to expenditure, in addition to underspending that may arise from the impact of the calendar on progress with work (there is no reason for the annual budget cycle and multi-year investment to coincide), the effectiveness and appropriateness of all components of expenditure needs to be examined, not only for current federal expenditure, which, for example, displays greater adjustment that the shares allotted to states and municipalities.

  • If, after an Eligible Tax Refund is received by the Reorganized Debtors and as a result of a successful challenge by the IRS, all or a portion of an Eligible Tax Refund is determined to be improper, the Reorganized Debtors and the Consenting Investor shall bear 25% and 75%, respectively, of any resulting amounts owing to the IRS (including interest and penalties thereon), subject to the Reimbursement Cap (as defined below).

  • To secure its Guaranty of the Liabilities, the Parent and its Domestic Subsidiaries, as applicable, are contemporaneously herewith granting the Agent, for the ratable benefit of the Lenders, a security interest in (a) the Eligible Tax Refund, (b) all capital stock of such Person's Domestic Subsidiaries, (c) sixty-five percent (65%) of the capital stock of each of such Person's foreign Subsidiaries and (d) all right, title and interest of the Parent under any agreements with Host Stores.

  • If, following the commencement of a Tax Refund Proceeding, the Reorganized Debtors determine to remit payment to the IRS with respect to an Eligible Tax Refund, the Consenting Investor (directly or indirectly) shall remit any resulting Reimbursement Obligation, subject to the Reimbursement Cap, to the Reorganized Debtors on or prior to the Remittance Deadline.

  • On the Effective Date, as an inducement to agreeing to facilitate this Plan, the Consenting Investor shall receive (i) the Consenting Investor Payment from Debtor UTEX Industries and (ii) the right to receive cash proceeds pursuant to the Eligible Tax Refund Waterfall.

  • In the event the Consenting Investor remits payment to the Reorganized Debtors pursuant to the preceding sentence and all or a portion of an Eligible Tax Refund is determined to be proper, the Reorganized Debtors shall refund to the Consenting Investor the amount it remitted that represents its entitlement under the Eligible Tax Refund Waterfall within 10 business days of receipt.

  • At the request of the Bank, execute and deliver all agreements, documents, instructions or other written instruments which the Bank reasonably determines to be necessary or desirable to (i) perfect the Bank's security interest in the Eligible Tax Refund and (ii) cause the Internal Revenue Service to pay the Eligible Tax Refund directly to the Bank, for the account of the Borrower.

  • If both report fi, the winner of the object is chosen randomly with each winning with probability fi and winner pays ı.

  • These Terms and any document expressly referred to in them, including our Execution Policy, Privacy Policy, Conflicts of Interest Policy, Complaints Policy and Interest and Charges Schedule, in additional to any other document notified to you from time to time, constitute the entire agreement between us and you and supersede all previous discussions, correspondence, negotiations, previous arrangements, understandings or agreements with us in respect of the subject matter of these Terms.


More Definitions of Eligible Tax Refund

Eligible Tax Refund means any tax refund, payable to the Company pursuant to or in connection with the Federal income tax return for the Company and its Subsidiaries for its fiscal year 2008 or any amendment thereto (including as a result of the carryback of any losses to any prior fiscal year or realization of any other tax attributes or assets from any prior fiscal year); provided that (i) the Company has filed all tax returns required to receive such refund, (ii) such tax returns direct any payments of any such tax refund to be made to a deposit account of the Company subject to a Deposit Account Control Agreement and (iii) such tax returns have been delivered, and are reasonably acceptable, to the Administrative Agent.
Sample 1
Eligible Tax Refund means the amount of the Borrower's expected federal income tax refund for the tax year ended December 31, 2000, as evidenced by the Borrower's December 31, 2000 financial statements, provided that the Eligible Tax Refund shall be reduced, dollar for dollar, by the amount of any such refund actually received by the Borrower, and further provided that the Eligible Tax Refund shall in no event exceed $1,350,000.
Sample 1

Related to Eligible Tax Refund

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Applicable Tax Rate means the estimated highest aggregate marginal statutory U.S. federal, state and local income, franchise and branch profits tax rates (determined taking into account the deductibility of state and local income taxes for federal income tax purposes and the creditability or deductibility of foreign income taxes for federal income tax purposes) (“Tax Rate”) applicable to any Partner on income of the same character and source as the income allocated to such Partner pursuant to Sections 5.04(a) and (b) for such fiscal year, fiscal quarter or other period, as determined by the Tax Matters Partner in its discretion; provided that, in the case of a Partner that is a partnership, grantor trust or other pass-through entity under U.S. federal income tax law, the Tax Rate applicable to such Partner for purposes of determining the Applicable Tax Rate shall be the weighted average of the Tax Rates of such Partner’s members, grantor-owners or other beneficial owners (weighted in proportion to their relative economic interests in such Partner), as determined by the Tax Matters Partner in its discretion; provided, further, that if any such member, grantor-owner or other beneficial owner of such Partner is itself a partnership, grantor trust or other pass-through entity similar principles shall be applied by the Tax Matters Partner in its discretion to determine the Tax Rate of such member, grantor-owner or other beneficial owner.

  • Eligible taxpayer means a taxpayer that meets both of the following conditions:

  • Applicable Tax means any tax applicable in the jurisdiction of the Work;

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Indemnifiable Tax means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • New jobs credit from withholding means the credit as provided in Iowa Code section 260E.5.

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • All applicable taxes and duties means all taxes and duties, in effect on the contract date, that the taxing authority is imposing and collecting on the transactions or property covered by this contract, pursuant to written ruling or regulation in effect on the contract date.

  • Portable tank means a storage tank along with its piping and wiring that is not stationary or affixed, including a tank that is on skids.

  • U.S. Source Withholdable Payment means any payment of interest (including any original issue discount), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income, if such payment is from sources within the United States. Notwithstanding the foregoing, a U.S. Source Withholdable Payment does not include any payment that is not treated as a withholdable payment in relevant U.S. Treasury Regulations.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Agreement combined tax rate means the sum of the tax rates:

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Presumed Tax Rate means the highest effective marginal statutory combined U.S. federal, state and local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income).

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • PAYEE TAX REPRESENTATIONS Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);