Operational Taxes definition

Operational Taxes shall have the meaning set forth in Section 4.5.4.
Sample 1
Operational Taxes shall have the meaning given such term in Section 9.1.
Sample 1Sample 2Sample 3
Operational Taxes has the meaning given such term in Section 14(e).
Sample 1Sample 2

Examples of Operational Taxes in a sentence

  • Buyer shall receive a credit for any Operational Taxes attributable to the period prior to the Cut-Off Time which Seller has not paid.

  • Buyer shall receive a credit for any Operational Taxes attributable to the period prior to the Cut-Off Time which Seller has not paid and which Buyer is obligated to pay.

  • Except for the Operational Taxes for which Buyer has received a credit, Seller shall be solely responsible for payment of the Operational Taxes with respect to the period prior to the Cut-Off Time, and Buyer shall be solely responsible for payment of such Operational Taxes with respect to the period after the Cut-Off Time (and those for which it receives a credit).

  • All Operational Taxes due and owing with respect to the Property have been paid, and all ad valorem personal property taxes due and owing with respect to the Property have been paid.

  • The provisions of this Section 12 shall survive the Closing; provided, however, Seller’s indemnity obligations are subject in all events to the conditions and limitations in Section 5.4; provided, however that such limitation shall not apply to any of Seller’s indemnity obligations with respect to Employee Liabilities, Real Estate Taxes, Operational Taxes, any commissions owed to Seller’s Broker and Section 25 (Bulk Sales Transfer Laws).

  • Pursuant to Section 12.1 of the Agreement, Seller has agreed to indemnify Buyer for certain obligations and liabilities accruing prior to Closing as set forth therein, including those arising under the Ground Lease and Operational Taxes.

  • Seller hereby agrees to indemnify, save and defend, and hold Buyer harmless from and against, all claims and liabilities for Operational Taxes attributable to the period prior to the Cut-off Time for which Buyer has not received a credit, and Buyer agrees to indemnify, save and defend, and hold Seller harmless from and against, all claims and liabilities for Operational Taxes attributable to the period prior to the Cut-off Time and for which Buyer has received a credit under this Section 7E.

  • All Operational Taxes due and owing with respect to the Property have been paid, and all ad valorem personal propertytaxes due and owing with respect to the Property have been paid.

  • Except for the Operational Taxes for which Buyer has received a credit under this Section 6.4.5, Seller shall be solely responsible for payment of the Operational Taxes with respect to the period prior to the Cut-Off Time, and Buyer shall be solely responsible for payment of such Operational Taxes with respect to the period after the Cut-Off Time.

  • Except for the Operational Taxes for which Buyer has received a credit under this Section 6.4.7, Seller shall be solely responsible for payment of the Operational Taxes with respect to the period prior to the Cut-Off Time, and Buyer shall be solely responsible for payment of such Operational Taxes with respect to the period after the Cut-Off Time.


More Definitions of Operational Taxes

Operational Taxes shall have the meaning assigned thereto in Section 10.1(b)(ii).
Sample 1
Operational Taxes has the meaning ascribed thereto in Section 7.3.1(a)(ii) of this Agreement.
Sample 1
Operational Taxes shall have the meaning ascribed in Section 9.6(q).
Sample 1
Operational Taxes mean taxes payable to the various local governments attributable to the operations of the Property, including business and occupation taxes, use taxes, sales taxes, gross receipts taxes, and use-based or business taxes, but exclusive of real estate taxes and assessments. ASOT acknowledges that any refund or rebate of Operational Taxes or real estate taxes and other assessments attributable to the period prior to the Closing shall be the property of the applicable Property Partnership. In the event that ASOT, an ASOT Acquiring Party, or a Title Owning Entity shall receive the proceeds of a tax refund or rebate attributable to the period prior to Closing, ASOT shall notify R&B and the applicable Property Partnership of the amount of such tax refund or rebate and ASOT shall pay to R&B or the applicable Property Partnerships the amount of such tax refund or rebate. ASOT agrees and acknowledges that R&B and the Property Partnerships shall have the right to retain any tax refund or rebate attributable to the period prior to the Closing. The provisions of this Section 6 shall survive the Closing.
Sample 1

Related to Operational Taxes

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

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

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk’s office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replace- ments and office automation and information technol- ogy equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority 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, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Operation and Maintenance Costs means the costs of:

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

  • Operational Costs means costs and expenses incurred by the Managers on behalf of the Owners to operate and maintain the Vessel including Communication Expenses and EDP Expenses;

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Tax or Taxes means any federal, state, provincial, local, foreign or other tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, estimated tax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, withholding tax or payroll tax), and any related fine, penalty or interest, imposed, assessed or collected by or under the authority of any governmental body, whether disputed or not.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • 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.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.