Examples of Net Tax Refunds in a sentence
Customer’s license to use the Software and any sublicensed Third Party Software shall immediately terminate.
It is the understanding of the Parties that this Section 2.4 allocates (i) the Homeownership Carryback Refund Amount thirty and three hundred fifty-seven thousandths percent (30.357%) to the FDIC Receiver and sixty-nine and six hundred forty-three thousandths (69.643%) to WMI, and (ii) all other Net Tax Refunds eighty percent (80%) to JPMC and twenty percent (20%) to WMI, and this Section 2.4 shall be interpreted in a manner consistent with this understanding.
Net Tax Refunds are comprised of income tax refunds of $1,093,064.88, tax security refunds of $143,350.65, GST/HST refunds of $134,570.50 and QST refunds of $64,466.76.
Net Tax Refunds are comprised of income tax refunds of $34,169.82, GST/HST refunds of $216,130.51 and QST refunds of $882,032.56.
Primary activities giving rise to Restructuring Professional Fees during the period included dealing with the various tax authorities in respect of income and sales tax issues, including obtaining the Net Tax Refunds and successfully challenging the position of CRA that as previously reported could, if it had prevailed, have resulted in material tax liabilities which, in the worst case scenario, could have exceeded the amount of cash held by the Monitor on behalf of the CCAA Parties.
If the aggregate amount of all such Net Tax Refunds exceeds the Basket Amount, then the entire amount of such aggregate Net Tax Refunds shall be paid to the Payment Agent for distribution to each of the Indemnifying Parties in accordance with the Tax Refund Payment Spreadsheet.
From and after the date hereof, each of WMI and JPMC shall consult with and keep each other fully informed on all other Pre-2009 Group Tax matters and its ongoing discussions with the applicable Tax Authorities, and shall, from time-to-time, inform the FDIC Receiver of the status of all other Tax proceedings relating to Net Tax Refunds.
It is the understanding of the Parties that this Section 2.4 allocates (i) the Homeownership Carryback Refund Amount in full to the WMB Recipient and WMI, in general on the basis of thirty-one and one-half percent (31.5%) to the WMB Recipient and sixty-eight and one-half percent (68.5%) to WMI, and (ii) all other Net Tax Refunds eighty percent (80%) to JPMC and twenty percent (20%) to WMI, and this Section 2.4 shall be interpreted in a manner consistent with this understanding.
The first line, labeled "Net Tax Refunds From State and Local Income Tax Refunds Stmt.", reports the $5,610 of total refunds shown on Statement 1.
It is the understanding of the Parties that this Section 2.4 allocates (i) the Homeownership Carryback Refund Amount thirty-four and eight hundred twenty-two thousandths percent (34.822%) to the FDIC Receiver and sixty-five and one hundred seventy-eight thousandths (65.178%) to WMI, and (ii) all other Net Tax Refunds eighty percent (80%) to JPMC and twenty percent (20%) to WMI, and this Section 2.4 shall be interpreted in a manner consistent with this understanding.