Net Income Taxes means, with respect to the Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party under any Credit Document, (a) any Taxes imposed on or measured by such recipient’s overall net income (however denominated), or any franchise Taxes imposed on such recipient in lieu of net income Taxes by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, and (b) any branch profits Taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which any Borrower is located.
Net Income Taxes means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party under any Credit Document, (a) any Taxes imposed on or measured by such recipient’s net income (however denominated), franchise Taxes, and branch profits Taxes, in each case (i) imposed as a result of such recipient’s being organized in, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes.
Net Income Taxes means, with respect to the Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party or Obligated Foreign Subsidiary under any Credit Document, (a) any Taxes imposed on or measured by such recipient’s overall net income (however denominated), or any franchise Taxes imposed on such recipient in lieu of net income Taxes by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, and (b) any branch profits Taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which any Borrower is located.
Examples of Net Income Taxes in a sentence
AMENDED REPORTS/REPORTS OF CHANGEAmended Reports – The RCT-101X, Amended PA Corporate Tax Report (2002) must be filed to amend the Capital Stock/Foreign Franchise, Loans or Corporate Net Income Taxes previously report- ed for tax period 2002.
Insurance Premiums TaxIn lieu of General Excise and Net Income Taxes Legislative ActionsAct 59, SLH 2010 temporarily increased certain insurance fees and specified that the increased fees must be deposited equally into the compliance resolution fund and the General Fund as an insurance license and service tax.38 The temporary increases are scheduled to expire at the conclusion of FY 2014.
Any overpayment in the current tax period is trans-Example of Tax Payment Application (Steps D and E, Page 1, RCT-101):STEP DCompute tax liability for Capital Stock/Foreign Franchise, Loans and Corporate Net Income Taxes on Page 2 and 3 then complete this tax summary.
The Notes to Report #3 should detail the amount of the HIPF and the amount of the HIPF-related Corporate Net Income Taxes.
Line 10 - Credit for Net Income Taxes Paid to other States Resident estates or trusts are allowed a credit for net income taxes paid to other states.
More Definitions of Net Income Taxes
Net Income Taxes means, with respect to Lender, (a) any Taxes imposed on or measured by Lender’s overall net income (however denominated), or any franchise Taxes imposed on Lender in lieu of net income Taxes by the jurisdiction (or any political subdivision thereof) under the laws of which Lender is organized or in which its principal office is located or in which its Lending Office is located, and (b) any branch profits Taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which Borrower are located.
Net Income Taxes has the meaning specified in Section 12.07(3).
Net Income Taxes means Income Taxes Payable minus Income Taxes Refunds Receivable, determined as of the Assessment Date without giving effect to the transactions contemplated by this Agreement; provided that, for the purposes of this Agreement, if Income Taxes Refunds Receivable are greater than Income Taxes Payable, Net Income Taxes shall be deemed to equal zero dollars ($0).
Net Income Taxes means, with respect to Lender, (a) any Taxes imposed on or measured by Lender's overall net income (however denominated), or any franchise Taxes imposed on Lender in lieu of net income Taxes by the jurisdiction (or any political subdivision thereof) under the laws of which Lender is organized or in which its principal office is located or in which its Lending Office is located, and
Net Income Taxes means Income Taxes net of any applicable Tax ---------------- Loss Benefit.
Net Income Taxes means an amount (which may be positive or negative) equal to the current income tax liabilities less the current income tax assets of the Xxxxxxxx Companies. For purposes of the foregoing, (a) current income tax liabilities shall not be less than zero and shall be calculated as the amount of unpaid income taxes that have been accrued or that should have been properly accrued with respect to the taxable period (or portion thereof) ending on and including the Closing Date, computed in accordance with GAAP and (b) current income tax assets (which, for the avoidance of doubt, shall not include income tax losses, whether capital or operating losses or otherwise) shall be calculated as the sum of (i) the amount of income taxes paid by the Xxxxxxxx Companies with respect to any taxable period (or portion thereof) beginning after the Closing Date and (ii) the amount of any income tax refunds receivable by the Xxxxxxxx Companies with respect to the taxable period (or portion thereof) ending on and including the Closing Date or credits in lieu of such refunds, in each case, computed in accordance with GAAP. Notwithstanding anything herein or in the Agreement to the contrary, (x) in calculating the amount of current income tax liabilities pursuant to clause (a), Closing NOL Expenses incurred by the Xxxxxxxx Companies shall be taken into account to the extent there is at least Should-Level Support in the case of any Transaction Expenses or at least More-Likely-Than-Not-Level Support in the case of any other Closing NOL Expenses, for the deductibility of such expenses, and (y) if and to the extent any Closing NOL Expenses actually result in a reduction in the amount of current U.S. federal income tax liabilities determined pursuant to clause (a), such Closing NOL Expenses shall not be taken into account in determining the Closing NOL Balance.
Net Income Taxes means net income taxes, net profit taxes, franchise taxes (imposed in lieu of income taxes) and taxes on capital imposed on any Lender under the laws of a jurisdiction in which such Lender is organized or located;