Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by the owner of any Stock in a Borrower on taxable income earned by a Borrower and attributable to such owner of Stock as a result of such Borrower’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or states in which any owner of Stock is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to such owners of Stock from or through such Borrower.
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by the Owners on taxable income earned by Borrower and attributable to the Owners as a result of Borrower’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or states in which any Owner is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to the Owners from or through Borrower.
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by the owner of any Stock in Borrower on taxable income earned by Xxxxxxxx and attributable to such owner as a result of Borrower’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or states in which any equity owner is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to such owners from or through Borrower.
Examples of Pass-Through Tax Liabilities in a sentence
So long as Company is a “pass- through” tax entity for United States federal income tax purposes, and after first providing such supporting documentation as Xxxxx Fargo may request (including the personal state and federal tax returns (and all related schedules) of each Owner net of any prior year loss carry-forward, Company may pay Pass-Through Tax Liabilities.
More Definitions of Pass-Through Tax Liabilities
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by the owner of any Equity Interest in Borrower on taxable income earned by Borrower and attributable to such owner of Equity Interest as a result of Borrower’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or states in which any owner of Equity Interest is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to such owners of Equity Interest from or through Borrower.
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by any direct or indirect owner of any Equity Interest in Administrative Borrower on taxable income earned by Administrative Borrower and attributable to such owner of such Equity Interest as a result of the “pass-through” tax status of the Administrative Borrower (and, as applicable, any direct or indirect owner thereof), assuming the highest marginal income tax rate for federal and state income tax purposes of an individual residing in New York County, New York, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions (including unused, unexpired prior year loss carry-forwards) available to such owner of such Equity Interest from or through Administrative Borrower.
Pass-Through Tax Liabilities means the amount of state and federal income tax required to be paid by Borrowers’ shareholder(s) on taxable income earned by Borrower and attributable to the member(s) as a result of Borrowers’ "pass-through" tax status, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to the shareholder(s) from or through Borrowers.
Pass-Through Tax Liabilities means the amount of state, local, and federal income tax paid or to be paid by a Loan Party’s Owners on taxable income earned by such Loan Party as a result of such Loan Party’s “pass-through” tax status or as the result of a being a member of a consolidated, combined, or unitary group (or similar group) for income tax purposes, assuming the highest marginal income tax rate for federal and state (for the state or states in which any such Owner is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes, if applicable, in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to such Owners from or through such Loan Party.
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by Borrower's Owners on taxable income earned by Borrower and attributable to the Owners as a result of Company's "pass- through" tax status, assuming
Pass-Through Tax Liabilities means the amount of federal and applicable state and local income tax, if any, required to be paid by Parent’s shareholders in respect of a taxable period on taxable income earned or recognized by Borrowers in the period and attributable to the shareholders as a result of Borrowers’ “pass-through” tax status, assuming the application of the highest federal individual income tax rate then in effect, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to the shareholders or members from or through Borrowers.
Pass-Through Tax Liabilities means the amount of state and federal income tax paid or to be paid by Company’s Owners on taxable income earned by Company and attributable to the Owners as a result of Company’s “pass-through” tax status, assuming the highest marginal income tax rate for federal and state (for the state or states in which any Owner is liable for income taxes with respect to such income) income tax purposes, after taking into account any deduction for state income taxes in calculating the federal income tax liability and all other deductions, credits, deferrals and other reductions available to the Owners from or through Company.