Flow-Through Income definition

Flow-Through Income means with respect to an entity, income of the entity that is passed through to the partners, members or other owners of the entity (or partners, members or other owners of an owner of the entity) for purposes of determining Tax Liability.
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Examples of Flow-Through Income in a sentence

  • The Partnership Representative shall be entitled to settle or otherwise resolve any adjustment that is proposed, asserted or assessed in connection with a Flow-Through Income Tax Proceeding; provided that if OSH Inc.

  • The Purchaser shall be entitled to prepare and file or cause to be prepared and filed all Tax Returns of the Company and its Subsidiaries for any taxable period ending on or prior to the Closing Date that are due after the Closing Date (including any Straddle Tax Period Tax Returns and taking account of extensions of time to file Tax Returns) (“Purchaser Prepared Tax Returns”), other than Flow-Through Income Tax Returns that are prepared by Seller pursuant to Section 5.9(a).

  • The Partnership Representative shall be entitled to make any elections in connection any Flow-Through Income Tax Proceeding (including the option (but not the obligation) to timely elect to “push out” any imputed underpayments under Section 6226 of the Code (and any similar provisions under state or local Law)) (a “Push-Out Election”).

  • For the purposes of preparing all Tax Returns with respect to Flow-Through Income Taxes, all Transaction Costs (regardless of whether included in the calculation of Effective Time Working Capital) shall be treated as accruing on or before the Closing Date unless otherwise required by applicable Tax Law.

  • The Company Entities shall prepare or cause to be prepared and file or cause to be filed all Flow-Through Income Tax Returns for the Company Entities (including IRS Form 1065 and any state or local equivalent form) for all taxable periods ending on or before the Closing Date the due date of which is after the Closing Date (the “Seller Tax Returns”).

  • Parent shall file any amended Flow-Through Income Tax Return if (but only if) requested by the Equityholders’ Representative as part of the exercise of its rights under Section 8.02(a).

  • Buyer shall provide the Seller Representative with the right to review and comment on any such Buyer Tax Returns no later than twenty (20) days prior to the due date for filing such Tax Return, and, with respect to any Flow-Through Income Tax Return or Tax Return that may impact the Taxes or liabilities of the Sellers or their indirect owners, Buyer shall consider in good faith any changes as are reasonably requested by the Seller Representative with respect to such Tax Returns.

  • No amended Flow-Through Income Tax Return for any Pre-Closing Tax Period shall be filed by or on behalf of the Acquired Entities without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Each of ▇▇▇▇▇ Holdings, Flowco Production Solutions and Flogistix Holdings, as applicable, shall prepare (or cause to be prepared) and file (or cause to be filed) all Tax Returns of any ▇▇▇▇▇ Company, Flowco Company or Flogistix Company, respectively, with respect to Flow-Through Income Taxes for any Pre-Closing Date Tax Period and for the portion of any Straddle Period ending on the Closing Date (the “Holdings Prepared Returns”).

  • The Sellers’ Representative, at Seller’s expense, will prepare or cause to be prepared (in a manner consistent with Section 6.2(c)) and timely file all Flow-Through Income Tax Returns required to be filed by or on behalf of the Company and its Subsidiaries with respect to any Pre-Closing Tax Period.