Pre-Effective Date Tax Refund means any Tax Refund relating to the Pre-Effective Date Period irrespective of whether the Tax Refund will be assessed before or after the Closing Date.

Pre-Effective Date Tax Refund. (i) shall mean any Tax Refund of a Tax related to the Pre-Effective Date Period and (ii) shall be - if and to the extent attributable to a business/fiscal year starting prior to and ending after the Effective Economic Date - calculated as if the respective business/fiscal year and the tax assessment period cease at the end of the Effective Economic Date.

Pre-Effective Date Tax Refund means any Tax Refund for a Tax related to any action, event, ownership, period or any other circumstances in, and assessed for or otherwise attributable (under applicable Tax laws) to, the Pre-Effective Date Period and – to the extent related to the first business/fiscal year (Geschäftsjahr / Wirtschaftsjahr) starting prior to and ending after the Effective Date - calculated under the assumption that the business/fiscal year (Geschäftsjahr / Wirtschaftsjahr) and the tax assessment period (Veranlagungszeitraum) of each entity of the Bakelite Group ceases or is deemed to cease at the end of the Effective Date.

Examples of Pre-Effective Date Tax Refund in a sentence

The Sellers are entitled to appoint a certified accounting firm at their own expense - to confirm the amount of the Pre-Effective Date Tax Refund or excess referred to in Section 8.2b).
The Share Purchaser shall, and shall procure that the relevant Group Company will promptly notify the Seller 3 acting for and on behalf of all Sellers in writing of the receipt of any Pre-Effective Date Tax Refund in the meaning of Section 8.2a) and/or the amount of any excess referred to in Section 8.2b).
Any amount payable to Sellers pursuant to this Section 8.2 shall be due and payable twenty (20) Business Days after the Pre-Effective Date Tax Refund has been refunded (including - but not limited to - by way of set-off, deduction or consumption) to the Share Purchaser or the relevant Group Company or the respective Tax liability or accrual has been or should have been - in accordance with relevant local GAAP - dissolved.

More Definitions of Pre-Effective Date Tax Refund

Pre-Effective Date Tax Refund means any Tax Refund of a Pre-Effective Date Tax (including, for the avoidance of doubt, any Tax Refund (in particular refund of corporate income tax (Körperschaftsteuer), trade tax (Gewerbesteuer) and withholding tax (Kapitalertragsteuer) received by Tower Automotive Holding GmbH or any other Group Company as a result of or in connection with the ruling of the German Federal Tax Court (Bundesfinanzhof) dated 7 September 2018, reference no. I R 11/14). Relevant Tax Proceeding shall mean any Tax Proceeding (i) relating fully or partly to Pre-Effective Date Taxes or Pre-Effective Date Periods or (ii) which gives rise or could give rise to obligations of the Seller under clause 6.2.10 (Taxes) or under this clause 8 (Tax indemnity) and/or rights under clauses 8.3.1 or 8.4.2. Straddle Period shall mean a Tax assessment period starting on or prior to and ending after the Effective Date. Tax(es) shall mean any tax (Steuern) within the meaning of Section 3 para. (1) to (3) of the German Tax Code (AO), tax related ancillary obligations (steuerliche Nebenleistungen) within the meaning of Section 3 para. (4) of the German Tax Code and social security contributions (Sozialversicherungsbeiträge) or any equivalent tax, tax related ancillary obligations or social security contributions under the laws of any other jurisdiction including, without limitation to, income taxes, trade taxes, wage taxes, payroll taxes, stamp duties, value added taxes, energy taxes, customs duties, real estate transfer taxes as well as social security contributions (Sozialversicherungsbeiträge) together with any interest, penalty, fine, special charge for late payment, special charge for late filing levied according to German or any other comparable applicable foreign law and regardless of whether the amount is owed as primarily liable tax-payer, as secondary liability, as pre-payment or as a joint or several liability, is assessed, to be withheld, to be disbursed or payable by law. The term Tax shall include any liabilities from or payment under a Tax Allocation Agreement. For the avoidance of doubt, Taxes shall not include deferred Taxes and/or notional Taxes such as reductions of Tax loss carry-forwards and/or back and future depreciation. Tax Authority shall mean any competent governmental authority or public body in charge of imposing or collecting any Tax.

Related to Pre-Effective Date Tax Refund

Closing Date Cash has the meaning specified in Section 3.4(a).
Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
Closing Date Payment has the meaning set forth in Section 2.04(a)(i).
Base Tax Year means the property tax levy year used
Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.
Closing Date Balance Sheet has the meaning specified in Section 2.3(b).
Target Effective Date has the meaning specified in Section 2.01(a).
Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.
Property tax increment means the amount obtained by:
Closing Date Term Loan has the meaning specified in Section 2.01(a).
Closing Date Business Plan means the set of Projections of Borrower for the 1 year period following the Closing Date (on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.
Pre-Closing Tax Periods means all taxable periods of the Company ending on or before the Closing Date.
Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.
Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.
Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).
Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.
Closing Date Statement has the meaning set forth in Section 2.06(b).
Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).
Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;
Straddle Period means any Tax period beginning before or on and ending after the Closing Date.
Closing Date Term Loans as defined in Section 2.1.
Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).
Scheme Effective Date means the date on which a copy of the High Court order sanctioning a Scheme is duly filed on behalf of the Target with the Registrar of Companies in accordance with section 899 of the Companies Act.
Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.
Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

Pre-Effective Date Tax Refund definition

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