Group Tax definition

Group Tax means any U.S. federal, state or local, or non-U.S. Tax computed or imposed on an Affiliated Group basis for an Affiliated Group that includes or included Seller and the Company, including any interest, penalty or addition thereto, whether disputed or not.
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Group Tax means any U.S. federal, state or local, or non-U.S. Tax computed or imposed on an Affiliated Group basis for an Affiliated Group that includes (i) any Target Company or any Target Subsidiary together with (ii) Parent or any Subsidiary of Parent that is not a Target Company or Target Subsidiary, including any interest, penalty, or addition thereto, whether disputed or not.
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Group Tax means a Tax that is reported or required to be reported on a Group Return. “Indemnifying Party” shall have the meaning given the term in Section 6.6. “Independent Firm” means (a) in the case of disagreements as to the amount or calculation of any payment to be made under this Agreement, a nationally recognized accounting firm; provided, however, that such term shall not include any accounting firm that performs or has performed audit services with respect to PPC or Parent, and (b) in the case of disputes concerning the interpretation or application of any provision under this Agreement, a nationally recognized law firm; provided, however, that such term shall not include any law firm that performs or has performed legal services with respect to PPC or Parent. “IRS” means the Internal Revenue Service. “Loss” means any loss, cost, fine, penalty, fee, damage, obligation, liability, payment in settlement, Tax or other expense of any kind, including reasonable attorneys’ fees and costs, but excluding any consequential, special, punitive or exemplary damages.
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Examples of Group Tax in a sentence

  • The audit will cover a wide range of statutory and other requirements: • Details of wages paid for at least the last three months prior to the suspected breach/s • Group Tax records for at least the last three months prior to the sus pected breach/s • Payroll tax records for at least the last three months prior to the suspected breach/s.

  • The audit will cover a wide range of statutory and other requirements: • Details of wages paid for at least the last three months prior to the suspected breach/s • Group Tax records for at least the last three months prior to the suspected breach/s • Payroll tax records for at least the last three months prior to the suspected breach/s.

  • For purposes of this Agreement, the Group Tax Benefit for any fiscal year shall be equal to the excess, if any, of (i) the sum of the separate return tax liabilities of each member of the Holding Group having a positive separate return tax liability for such year, over (ii) the actual consolidated Federal income tax liability of the Holding Group for such year.

  • WMI and JPMC, respectively, shall provide such information, data, and documentation in a manner and forum reasonably convenient to each of WMI, JPMC and the FDIC Receiver, and shall permit the other Parties, through their officers, employees, and representatives, to make extracts and copies of such information, data, and documents to the extent reasonably necessary in the administration and resolution of any Pre-2009 Group Tax matter.

  • WMI and JPMC shall jointly control and administer all other Pre-2009 Group Tax matters, in respect of all relevant Tax years.

  • Each Group included in a Consolidated State Return shall bear its Separate Group Tax Liability, if any.

  • The NL Group shall cooperate fully in providing Contran with all information and documents necessary or desirable to enable Contran to perform its obligations under this Section, including completion of Internal Revenue Service and state or local tax audits in connection with such NL Group Tax Liability and determination of the proper liability for such NL Group Tax Liability.

  • Each Group included in a Consolidated Federal Return shall bear its Separate Group Tax Liability, if any.

  • As additional information becomes available about the amount of Net Tax Refunds (including whenever additional Pre-2009 Group Tax Liabilities are determined to come into existence), JPMC may, from time-to-time (and at the reasonable request of WMI or the FDIC Receiver, shall), reasonably revise its estimates of figures calculated pursuant to this Section 2.4.

  • The preceding sentence is limited to the tax positions that affect the NL Group Tax Liability and the combined VHI Group and Contran Tax Group.