Loss Tax Benefit definition

Loss Tax Benefit means the Tax savings or benefits actually realized by a Parent/Buyer Indemnified Party and/or any of their Affiliates (including without limitation any member of the Company Group after the Closing) that is attributable to any deduction, loss, credit, refund or other reduction in Tax resulting from or arising out of such Losses, in each case computed after taking into account all other items of deduction, loss, credit, refund or other reduction in Tax available to such Parent/Buyer Indemnified Party and/or Affiliate thereof with respect to the relevant taxable period.

Loss Tax Benefit means any actual refund of Taxes paid as a result of the event giving rise to any Losses or actual reduction in the amount of Taxes which otherwise would have been paid in absence of the event giving rise to any Losses, in each case in the taxable year in which such Losses were incurred or the immediately succeeding taxable year and net of the reasonable expenses of recovery thereof or any other reasonable costs or Taxes incurred in collecting such amounts, but only to the extent the applicable Parent Indemnified Party actually receives such refund or realizes such Tax reduction for the taxable year in which such Losses were incurred or the immediately succeeding taxable year.

Loss Tax Benefit has the meaning set forth in Section 10.3(e).

Examples of Loss Tax Benefit in a sentence

• Solution: Present Value of Tax Gain Particulars Years (Rs. In lakhs) 1 2 3 Earnings Before Tax Less: Recovery of Loss Tax Benefit (Recovery of Loss x Tax Rate) Present Value Factor at 12 per cent Present Value of Tax Shield 150 150 52.5 0.893 46.8825 250 250 87.5 0.797 69.7375 350 100* 35.0 0.712 24.92 Total Present Value of Tax benefit to Dream Well Company 144.54 * (Rs.500 lakhs accumulated loss of firm Well Do Company – Rs.150 lakhs, Rs.250 lakhs loss adjusted in the year 1 and 2 respectively).

• Any reduction to an indemnity payment under this Section 8.6(a) shall not apply with respect to Special Losses (payments in respect of which shall be subject to the Special Loss Tax Benefit).

• The amount of any Losses subject to indemnification under this Article 9 shall be calculated net of (i) any Loss Tax Benefit (as defined below) realizable by the Covered Party arising from the incurrence of any such Losses, (ii) any insurance proceeds received by a Covered Party on account of such Losses and/or (iii) any indemnification payments received by the Indemnified Party from any third party with respect to such Losses.

• If the Indemnified Party receives a Loss Tax Benefit after an indemnification payment is made to it, the Indemnified Party shall promptly pay to the Person or Persons that made such indemnification payment the amount of such Loss Tax Benefit at such time or times as and to the extent that such Loss Tax Benefit is actually received or realized by the Indemnified Party and has not been previously applied to reduce the amount of the related Loss.

• If the applicable Parent Indemnitee or Seller Indemnitee receives a Loss Tax Benefit after an indemnification payment is made to it, the applicable party shall promptly pay to the Person or Persons that made such indemnification payment the amount of such Loss Tax Benefit at such time or times as and to the extent that such Loss Tax Benefit is realized by the Parent Indemnitee or Seller Indemnitee, as applicable.

More Definitions of Loss Tax Benefit

Loss Tax Benefit means any refund of Taxes paid or net reduction in the amount of cash Taxes that otherwise would have been paid, in each case computed on a “with and without” basis, to the extent actually recognized in the taxable period in which the applicable indemnifiable Losses are incurred or the immediately succeeding taxable period.

Loss Tax Benefit shall have the meaning set forth in Section 5.1(b)(i).

Loss Tax Benefit means the Tax savings or benefits actually realized in the year of the Loss by such Buyer Party or Company Party, as applicable, that is attributable to any deduction, loss, credit, refund or other reduction in Tax resulting from or arising out of such Loss, in each case computed at the highest marginal tax rates applicable to the Buyer Party or Company Party.

Loss Tax Benefit is defined in Section 10.17.

Loss Tax Benefit means any refund of Taxes paid less the amount of Tax detriment (computed at a 35% tax rate) suffered by the Parent Indemnitee or Seller Indemnitee, as applicable, which increases the amount of Taxes payable or reduces the amount of any refund of Tax which would otherwise have been available

Loss Tax Benefit means the reasonably projected present value of any net refund, credit or other reduction in otherwise required Tax payments, currently or in the future (including any reduction in estimated Tax payments).

Loss Tax Benefit has the meaning specified in ‎Section 7.1(c)(i).