Shared Taxes definition

Shared Taxes shall have the meaning set forth in Section 7.05(d).
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Shared Taxes means all Taxes the payment of which would be included in the Threshold Base Amount.
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Shared Taxes means, without duplication, (i) Taxes of the Colt Federal Group for the Pre-Closing Period; (ii) Taxes of any other Shared Group for the Pre-Closing Period; (iii) any other Taxes for the Pre-Closing Period of (a) any Colt Entity for which any PLG Entity has joint and several liability or (b) any PLG Entity for which any Colt Entity has joint and several liability; (iv) Taxes of any Shared Entity; and (v) Exchange Taxes; provided that in calculating the amount of any Shared Tax for the Current Taxable Year, the Excluded Expenses shall not be taken into account as an item of loss or deduction.
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Examples of Shared Taxes in a sentence

  • Colt and Buyer shall jointly control, and shall cooperate in good faith in the conduct of, any Tax Contest involving Shared Taxes.

  • Refunds of any Shared Taxes shall be allocated in the same proportion as liability for such Shared Taxes is allocated under Section 2.4.

  • Unless otherwise required by law, all Tax Returns of or that include any PLG Entity or that otherwise reflect Shared Taxes for any Pre-Closing Period shall be prepared in a manner that is consistent with past practices of Colt and its Subsidiaries (including the PLG Entities, the Shared Entities and the Colt Entities) in filing their Tax Returns.

  • In the case of any such Tax Return that relates to Income Taxes that are Shared Taxes, no later than sixty (60) Business Days prior to the date on which any such Tax Return is required to be filed (taking into account any valid extensions), Colt shall submit or cause to be submitted to Buyer a draft of such Tax Return for review by Buyer.

  • Any refunds of Shared Taxes that are received by Exelis or any Exelis Subsidiary (or otherwise paid over to Exelis pursuant to this Section 2.1(a)) shall be treated as reducing the amount of Shared Taxes for which Exelis has been responsible hereunder (but only to the extent that Exelis or any Exelis Subsidiary is entitled to retain such refund).

  • If any Shared Taxes have been shared by the Parties in accordance with their Sharing Percentages, the Party that receives any refund of Shared Taxes shall make payments to the other Party in accordance with their respective Sharing Percentages to reflect the prior liability, if any, for Shared Taxes.

  • If Denver allows an entity that is exempt from property taxation to develop or use any Development Parcel and negotiates a payment in lieu of property taxes with such an entity, Denver shall share with ▇▇▇▇▇ County fifty percent (50%) of any such payment in lieu of property taxes, and all of the provisions of paragraph 8.9 and all subparagraphs hereto governing the remittance of Denver Shared Taxes shall likewise apply to the payment in lieu of taxes.

  • Tenant shall promptly notify the City of any corrected or revised tax ▇▇▇▇ and shall reimburse the City for the City’s share of any refund of Shared Taxes received by Tenant.

  • Shared Taxes do not include any business personal property tax or other tax on any of the following owned by Tenant: goods, merchandise, trade fixtures, appliances, equipment, furniture and personal property.


More Definitions of Shared Taxes

Shared Taxes is defined in Section 2.1(a).
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Related to Shared Taxes

  • Related Taxes means (i) any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital, registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes and other fees and expenses (other than (x) Taxes measured by income and (y) withholding Taxes), required to be paid (provided such Taxes are in fact paid) by any Parent Entity by virtue of its:

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Sections 3.01(b) or (d), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(f) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • Indemnified Taxes means Taxes other than Excluded Taxes.