Seller’s Taxes definition

Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof. “Services Term” shall have the meaning set forth in Section 2.2(b) hereof. “Settlement Period” shall have the meaning set forth in Exhibit G hereto. “Shared Equipment” shall have the meaning set forth in Exhibit A hereto.

Seller’s Taxes shall have the meaning set forth in Section 7.1.

Examples of Seller’s Taxes in a sentence

• By letter of August 20, 2014, the Navy ruled on plaintiffs' appeal, granting it in part, and denying in part.

• In the event Buyer shall be required by law or regulation to remit or pay any Seller’s Taxes, Seller shall reimburse Buyer for such payment, and Buyer may deduct any of the amount of any such Seller’s Taxes from the amount due to Seller under Section 5.2. Buyer shall have the right to all credits, deductions and other benefits associated with taxes paid by Buyer or reimbursed to Seller by Buyer as described herein.

• Any unpaid Seller’s Taxes shall be withheld from Seller’s proceeds at closing and paid directly to the county treasurer; provided, however, any portion of Seller’s Taxes that is not ascertainable and payable at the time of closing shall be estimated based on 100% of the amount last billed for a calendar year and the amount thus estimated (and prorated to the date of closing) shall be paid via credit against the sums due from Buyer at closing, with no further settlement or adjustment after closing.

• In the event Buyer shall be required by law or regulation to remit or pay any Seller’s Taxes, at Buyer’s election, Seller shall reimburse Buyer for such payment, or Buyer may deduct the amount of any such Seller’s Taxes from the amount due to Seller under Section 5.2. Buyer shall have the right to all credits, deductions and other benefits associated with taxes paid by Buyer or reimbursed to Seller by Buyer as described herein.

• In the event that Buyer shall be required by law or regulation to remit or pay any Seller’s Taxes, at Buyer’s election, Seller shall reimburse Buyer for such payment or Buyer may deduct the amount of any such Seller’s Taxes from the amount due to Seller under Section 5.2. Buyer shall have the right to all credits, deductions and other benefits associated with taxes paid by Buyer or reimbursed to Seller by Buyer as described herein.

More Definitions of Seller’s Taxes

Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof. “Services Term” shall have the meaning set forth in Section 2.2(b) hereof. “Shortfall Cure Amount” shall have the meaning set forth in Section 4.3(c) hereof.

Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof. “Statement of Qualification” shall mean a written document from the DOER that qualifies a Generation Unit as an RPS Class I Qualified Generation Unit, or that qualifies a portion of the annual electrical energy output of a Generation Unit as RPS Class I Renewable Generation (as defined in 225 CMR 14.01).

Seller’s Taxes refers to: (a) general property taxes attributable to any tax parcel that includes any part of the Property for the first part of the calendar year in which the closing occurs, prorated on a calendar year basis to the date of closing; (b) general property taxes attributed to any such tax parcel for any prior year and any related penalties, to the extent unpaid at the time of closing; and (c) special assessments attributed to any such parcel to the extent they are last payable without a penalty on or before the closing date. Seller’s Taxes shall be withheld from Seller’s proceeds at closing and paid directly to the county treasurer; provided, however, any portion of Seller’s Taxes that is not ascertainable and payable at the time of closing shall be estimated based on 100% of the amount last billed for a calendar year (prorated to the date of closing) and the amount thus estimated, to the extent attributed to the Property, shall be paid via credit against the sums due from Buyer at closing, with no further settlement or adjustment after closing. Buyer shall then pay all property taxes and assessments attributable to the Property when due after closing. If this sale involves a tax parcel split, the extent to which any taxes, estimated taxes and/or assessments are attributed to the Property shall be based on a split calculation provided by the appropriate property tax official (or, if an official split is not available, based on an estimated split using available assessment data). If the billing of any taxes and/or assessments after closing includes portions attributed to the Property and other real estate, Buyer shall cooperate with the owner(s) of such other real estate to facilitate timely payment of the balance due and Buyer shall pay the portion attributed to the Property.

Seller’s Taxes refers to: (a) real estate taxes assessed or to be assessed against the Property for the first part of the calendar year in which the closing occurs, prorated on a calendar year basis to the date of closing, and for all prior years; and (b) any drainage or other special assessments attributed to the Property and last payable without penalty on or before the closing date. Any unpaid Seller’s Taxes shall be withheld from Seller’s proceeds at closing and paid directly to the county treasurer; provided, however, any portion of Seller’s Taxes that is not ascertainable and payable at the time of closing shall be estimated based on 100% of the amount last billed for a calendar year and the amount thus estimated (and prorated to the date of closing) shall be paid via credit against the sums due from Buyer at closing, with no further settlement or adjustment after closing. Buyer shall then pay all real estate taxes and assessments due after closing.

Seller’s Taxes means all (i) Taxes arising out of, relating to or otherwise in respect of the Transferred Assets that are attributable to taxable periods, or portions thereof, ending on or prior to the Closing Date; and (ii) Taxes imposed on, or incurred by, Seller or any Affiliate of Seller for which Seller or any Affiliate of Seller is liable that do not arise out of, relate to or otherwise are not in respect of the Transferred Assets.

Seller’s Taxes refers to: (a) real estate taxes for the first part of the calendar year in which the closing occurs, prorated on a calendar year basis to the date of closing, and all prior years; and (b) drainage and/or other special assessments last payable without a penalty on or before the closing date. Any unpaid Seller’s Taxes shall be withheld from Seller’s proceeds at closing and paid directly to the county treasurer; provided, however, any portion of Seller’s Taxes that is not ascertainable and payable at the time of closing shall be estimated based on 100% of the amount last billed for a calendar year and the amount thus estimated (and prorated to the date of closing) shall be paid via credit against the sums due from Buyer at closing, with no further settlement or adjustment after closing. Buyer shall then pay all real estate taxes and assessments due after closing.

Seller’s Taxes has the meaning given in Clause 13.1; [“SIAC” means the Singapore International Arbitration Centre;]