Federal Tax Liens definition

Federal Tax Liens means all liens or encumbrances upon or against Seller or, to the extent such liens or encumbrances shall, unless terminated, attach to any Assets at Closing, against Stockholder, of a definite or ascertainable amount which may be removed by the payment of money including, without limitation (i) UCC Financing Statement No. 2011-038-1706-3 filed on February 7, 2011 by IRS. CCP-Lien Unit, as secured party, against Seller, as debtor, in the Department of Licensing, Olympia, Washington for unpaid tax assessments in the amount of $68,891.20, (ii) UCC Financing Statement No. 2011-011-5056-8 filed on January 10, 2011 by IRS. CCP-Lien Unit, as secured party, against Seller, as debtor, in the Department of Licensing, Olympia, Washington for unpaid tax assessments in the amount of $505,370.19, (iii) UCC Financing Statement No. 2011-067-8449-2 filed on March 7, 2011 by IRS. CCP-Lien Unit, as secured party, against Stockholder, as debtor, in the Department of Licensing, Olympia, Washington for unpaid tax assessments in the amount of $61,553.23 and (iv) any judgments or other liens against Seller or Stockholder for unpaid taxes or assessments, whether recorded or unrecorded or disclosed or undisclosed.
Sample 1

Examples of Federal Tax Liens in a sentence

  • Other than as shown in Schedule B; we find no Judgment Liens, State Tax Liens, Federal Tax Liens or Child Support Liens of record which attach to the name(s) or interest of the vested owner and/or proposed insured owner/borrower.

  • There are no Bankruptcies, Judgments, Federal Tax Liens, State and City Tax Warrant, and other liens against deponent in any jurisdiction nor are there any liens, executions, notices of attachments for the benefit of creditors against me or proceedings in bankruptcy court against me.

  • For this purpose, “person” is as defined in §7701(a)(1) of the Internal Revenue Code, except that a husband and wife are treated as a single person and all persons who acquire interests from a TIC owner by inheritance are treated as a single person.

  • The United States is not a proper party to this action even though the Principal’s agents come in its (UNITED STATES) name on the “Notice of Federal Tax Lien[s] Under Revenue Laws” and the like, therefor, the Petitioner/Claimants do not make the United States pursuant toF.R.C.P. 17, or in the alternative the United States attempts to make an appearance, the Petitioner/Claimants reserves their rights for disclosure of whose “.

  • The Respondents/Libelants and their agents et.al., have filed maritimeANotice of Federal Tax Lien(s), serial numbers , , etc.

  • There are no Judgments including Environmental Control Board and Parking Violations Bureau Judgments or Local, State or Federal Tax Liens against me unsatisfied of record in the Courts of this and any State in the United States set forth in the annexed title report.

  • The United States hereby affirms that it does not object to FRC's conveyance of the FRC Royalty to CBCI.(6) Caldera and CBCI agree that the Dufford & Brown, Federal Tax Liens, and Transcript Encumbrances shall be removed by payment from the Escrow Agent from the JV Price.

  • The funds obtained from Commonwealth by the Insured Diana Rabeh were applied to the outstanding Federal Tax Liens, and reduced the Agreed Judgment against the Defendants.

  • Review IRM 5.14.11.6 prior to filing these Notices of Federal Tax Liens.

  • The Federal Tax Liens, however, were encumbrances upon the Property, and it is undisputed that theFederal Tax Liens existed at the time of the conveyance of the Property to the Insured.

Related to Federal Tax Liens

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • criminal tax matters means tax matters involving intentional conduct whether before or after the entry into force of this Agreement which is liable to prosecution under the criminal laws of the requesting Party;

  • Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • State premium tax liability means any liability

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Collateral Tax Event means at any time, as a result of the introduction of a new, or any change in, any home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final), interest payments due from the Obligors of any Collateral Obligations in relation to any Due Period to the Issuer becoming properly subject to the imposition of home jurisdiction or foreign withholding tax (other than where such withholding tax (i) is compensated for by a "gross up" provision in the terms of the Collateral Obligation so that the Issuer receives the same amount on an after tax basis that it would have received had no withholding tax been imposed or (ii) arises on account of FATCA) so that the aggregate amount of such withholding tax on all Collateral Obligations in relation to such Due Period is equal to or in excess of 6 per cent. of the aggregate interest payments due (for the avoidance of doubt, excluding any additional interest arising as a result of the operation of any gross up provision) on all Collateral Obligations in relation to such Due Period.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Permitted Encumbrances means:

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

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

  • 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).

  • After-imposed Federal tax means any new or increased Federal excise tax or duty, or tax that was exempted or excluded on the contract date but whose exemption was later revoked or reduced during the contract period, on the transactions or property covered by this contract that the Contractor is required to pay or bear as the result of legislative, judicial, or administrative action taking effect after the contract date. It does not include social security tax or other employment taxes.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Permitted Liens means, with respect to any Person:

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the title insurance policy or title commitment delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Pre-Closing Tax Returns has the meaning specified in Section 8.04(a).

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Effective State average tax rate means the average of effective county tax rates for all counties.

  • Priority Tax Claims means Claims of governmental units of the kind specified in section 507(a)(8) of the Bankruptcy Code.