Nexus definition

Nexus means that a partnership’s business activity is of such a degree that the state or foreign country has jurisdic- tion to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can’t impose an income tax or franchise tax based on net income on a partnership selling tangible personal property if the part- nership’s only activity in the state is the solicitation of or- ders, which orders are approved outside the state and are filled by delivery from a point outside the state.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Nexus means that a taxpayer’s business activity in a state or foreign country is of such a degree that the state or foreign coun- try has jurisdiction to impose an income tax or franchise tax mea- sured by net income on the taxpayer. Nexus may exist even if a state or foreign country does not impose a tax on the taxpayer. Conversely, voluntary filing and paying income or franchise taxes when not required to do so, or paying a fee for qualification, orga- nization or for the privilege of doing business in that state or for- eign country does not, in itself, create nexus.

Nexus means the causal relationship that must exist between the improvements and the expected development and redevelopment in the TIF Project Zone or the expected outcomes in the TIF Project Zone.

Examples of Nexus in a sentence

Purchaser has delivered to Sellers a true and complete copy of the Nexus Investment Agreement.
Purchaser has obtained a commitment for financing pursuant to the terms of the Nexus Investment Agreement in an amount sufficient to pay the Base Purchase Price.
By: Name: Title: c/o Nexus Capital Management LP ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇., Suite 250 Los Angeles, California 90025 Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇; ▇▇▇▇▇ ▇▇▇▇ Obia E-Mail: ▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇; ▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ with a copy to: ▇▇▇▇, ▇▇▇▇▇, Rifkind, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: ▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇▇, ▇▇▇▇▇ ▇.
On the Closing Date and upon receipt of funds from Nexus pursuant to the Nexus Investment Agreement on or prior to such date, Purchaser will have sufficient funds, in an account at a financial institution located in the United States to make the payments required pursuant to Section 3.02(a) and to perform its obligations with respect to the Contemplated Transactions.
The Company acknowledges and agrees that any Investor Director who are partners, members, employees, or consultants of Nexus and/or any of its Affiliates (each, a “Nexus Entity”) may have certain rights to indemnification, advancement of expenses and/or insurance provided by the applicable Nexus Entity (collectively, the “Nexus Indemnitors”).

More Definitions of Nexus

Nexus means the causal relationship that must exist between the

Nexus means the appearance of a connection between a

Nexus means that an exempt organization’s unrelated trade or busi- ness activity is of such a degree that the state or foreign country has jurisdiction to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can’t impose an in- come tax or franchise tax based on net income on an exempt organization selling tangible personal property if the exempt organization’s only activity in the state is the solicitation of orders, which orders are approved outside the state and are filled by deliv- ery from a point outside the state.

Nexus means that a taxpayer’s business activity in a state or foreign country is of such a degree that the state or foreign coun- try has jurisdiction to impose an income tax or franchise tax mea- sured by net income on the taxpayer. For a combined group, the activities of the combined group are taken as a whole in determin- ing if the combined group has nexus in a state or foreign country, as provided in s. 71.255 (5) (a), Stats. Nexus may exist even if a state or foreign country does not impose a tax on the taxpayer. Conversely, voluntary filing and paying income or franchise taxes

Nexus means substantial nexus as defined in R.C. 5741.01(I).

Nexus and/or “Owner” means NEXUS Community Support Society.

Nexus means a connection or link with the state sufficient to subject a person to tax by the state, as described in Rule 6 of this Regulation.