Material Taxes definition

Material Taxes means taxes in excess of US$25,000 unless such amount is being bone fide disputed and a reserve is being held in regard to that amount.
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Material Taxes means any obligation in the form of a tax or assessment by a governmental entity in an amount greater than $500.00. To the Shareholder’s Knowledge, EBI is not presently under, nor has EBI received notice of, any contemplated investigation or audit by the Internal Revenue Service or any foreign or state taxing authority concerning any fiscal year or period ended prior to the date hereof. There are no liens for Taxes (other than Taxes not yet due and payable) upon any of the assets of EBI, including without limitation, income Taxes, social security Taxes, unemployment Taxes and other similar withholding Taxes. EBI is not a party to any tax-sharing agreements or similar contracts or arrangements.
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Material Taxes means an amount of Taxes in excess of US$5,000,000 that has not been paid or otherwise provided for in the Great Bear Financial Statements or the Kinross Financial Statements, as applicable.
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Examples of Material Taxes in a sentence

  • It has paid all Material Taxes due and payable by it, unless they are being contested diligently, in good faith and by appropriate proceedings, it has made adequate provision for payment of the contested amount and it has provided evidence of the provision for the contested amount that the Agent reasonably requires.

  • EBI has paid all Material Taxes that have become or are due with respect to any period ended on or prior to the date hereof, and has established an adequate reserve on its balance sheet for those Taxes not yet due and payable.

  • It has made adequate provision for Material Taxes payable by it for the current period and any previous period for which tax returns are not yet required to be filed.


More Definitions of Material Taxes

Material Taxes means any Tax if the liability of the Company or any of its Subsidiaries therefore under applicable Law, exceeded or exceeds (a) $250,000 or (b) solely in the case of Section 5.1(n), $500,000.
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Material Taxes means any particular Taxes which are material in amount when considered individually and those Taxes which are not material in amount when considered individually but which, when considered in the aggregate, are material in amount.
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Material Taxes means any Taxes the liability for which when aggregated with the liabilities for all other Taxes equals or exceeds $50,000.
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Material Taxes means an aggregate amount of all Taxes owing by the Company in excess of Fifty Thousand Dollars ($50,000).
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Material Taxes means an amount of Taxes in excess of $100,000 that has not been paid or otherwise provided for in the Alexco Financial Statements or the Hecla Financial Statements, as applicable.
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Related to Material Taxes

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

  • Tax or Taxes means any federal, foreign, state, county or local taxes, charges, fees, levies, duties or other assessments, including, but not limited to, all net income, gross income, sales and use, transfer, gains, profits, excise, franchise, real and personal property, gross receipts, capital stock, production, business and occupation, customs, disability, employment, payroll, license, estimated, severance or withholding taxes or charges imposed by any Governmental Authority, and includes any interest and penalties (civil or criminal) on or additions to any such taxes.

  • Asset Taxes means ad valorem, property, excise, severance, production or similar taxes (including any interest, fine, penalty or additions to tax imposed by Governmental Authorities in connection with such taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom, but excluding, for the avoidance of doubt, income, capital gains and franchise taxes.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • 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.

  • Consolidated Taxes means, with respect to any Person for any period, the provision for taxes based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax Distributions taken into account in calculating Consolidated Net Income.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Transaction Taxes has the meaning set forth in Section 2.6.

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