Prior Payments definition

Prior Payments means, for any type of Tax Return and any Taxable year, all payments previously made to a Governmental Entity in respect of such Tax Return for such Taxable year and the amount of any overpayment for a prior Taxable period that is creditable against the liability reportable on such Tax Return for such Taxable year.

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Prior Payments has the meaning ascribed to such term in Paragraph II.G of this Agreement.

Prior Payments shall have the meaning provided in Section 2.4.

Examples of Prior Payments in a sentence

If the Obligor has already paid any amounts under this Agreement for any period that the Obligor is required to pay taxes or assessments because of such amendment, legislative or final judgment (collectively, “Prior Payments”), then the Obligor shall look to the Taxing Authorities for repayment of the Prior Payments or a credit in the amount of the Prior Payments against taxes payable to the relevant Taxing Entity but in no event shall the Obligor look to the Agency for a refund of the Prior Payments.
If any such Prior Payment, or any part thereof is rescinded, reduced, restored or returned, the agreement and obligation to make such Prior Payments shall be reinstated and the obligation to make such Prior Payment shall be reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Securities Subordinated to Prior Payments of All Senior Indebtedness on Dissolution, Liquidation or Reorganization of the Company .
Any amount payable by the Alpha Parties to the Generico Parties with respect to any Tax pursuant to this Section 2.03(a) shall be reduced by any direct or indirect payments made by the Alpha Parties or any Alpha Affiliate with respect to such Tax after the Distribution Date to any Generico Indemnified Party and by any Prior Payments made by or on behalf of the Alpha Parties.
The remaining one-third of the Prior Payments shall be allocated to fifteen (15) Turbines under the 2012 TSA and to all sixty (60) Turbines under the 2013 TSA, on pro rata basis.
Any amount payable by the Generico Parties to the Alpha Parties with respect to any Tax pursuant to this Section 2.03(b) shall be reduced by any direct or indirect payments made by the Generico Parties or any Generico Affiliate with respect to such Tax after the Distribution Date to any Alpha Indemnified Party and by any Prior Payments made on behalf of the Generico Parties.
Appropriate payments will be made between the parties in the event that the Conn Prior Payments or the Packco Prior Payments, respectively, exceed the amounts for which Grace-Conn.
Subject to Section 2.1(r), the Corporation and New D&B agree, as between themselves, that any such Specified Prior Payments, when made, shall be allocated between the Corporation and New D&B pursuant to Section 2.1(r).
From and after the Trigger Date, and unless this Agreement is declared null and void pursuant to Paragraph III.H below, any and all payments by the AIG Companies, including, without limitation, the Prior Payments, if any, the Settlement Amount and/or the AIG Settlement Payments, shall be deemed final and irrevocable payments.
The Settlement Amount and/or the AIG Settlement Payments are in addition to any and all amounts paid prior to the Execution Date by or on behalf of the AIG Companies to or for the benefit of the Debtors in connection with Asbestos Claims or otherwise (the "Prior Payments").

More Definitions of Prior Payments

Prior Payments means Development Contributions received by the Authority, prior to the adoption of the Development Contribution Plan, as detailed in Section 6.3 of this report.

Prior Payments means, collectively, the Prior Master Lease Base Rental Payments and the Prior Solid Waste Base Rental Payments.

Prior Payments means all amounts paid prior to the date hereof to the Company pursuant to the terms of the certain letter agreement by and between the Company and the Parent dated as of June 19, 2014.

Prior Payments means a payment of interest component of Loan Repayments made on or prior to the date of any Determination of Taxability.

Prior Payments has the meaning set forth in Section 2(c). ----------------

Prior Payments mean (i) the payment previously made by the Company under the Note on January 26, 2016, comprising the Holder Pro Rata Amount of an aggregate payment of Principal of $1,000,000, Interest of $106,666.67, and Make-Whole Amount of $217,777.78, and (ii) the payment made by the Company under the Note on February 4, 2016, comprising the Holder Pro Rata Amount of an aggregate prepayment of Principal of $2,000,000, Interest of $263,555.55, and Make-Whole Amount of $413,333.34.”