Subject Tax definition
Examples of Subject Tax in a sentence
Such notice shall contain factual information (to the extent known) describing any asserted liability for Subject Tax, or any Subject Refund, in reasonable detail and shall be accompanied by copies of any notice and other documents received from, or sent to, any tax authority in respect of any such matters.
The amount, if any, by which the Estimated Tax Benefit Payment exceeds the Tax Benefit Payment as reflected on the Final Tax Benefit Schedule for any Subject Tax Year shall reduce the Estimated Tax Benefit Payment to be made by the Corporation in the following Subject Tax Year (and shall carry forward to future Subject Tax Years until such excess amount has been reduced to zero).
Each New Lorus Party agrees to indemnify and hold harmless Old Lorus and its affiliates against any Claim arising in connection with the preparation and filing of any Subject Tax Return and for any Taxes shown as owing on any such Tax Return, except any Claim arising as a result of a breach by Old Lorus of Section 3(e) of this Agreement.
New Lorus will prepare and deliver to Old Lorus a draft of each Subject Tax Return, together with copies of all working papers and other documentation used or prepared in connection with the preparation of, or that otherwise form the basis of, such Subject Tax Return.
Old Lorus and its representatives and professional advisors will have at least 10 Business Days to review, comment on and approve each Subject Tax Return, which approval must not be unreasonably withheld or delayed.
The amount, if any, by which the Estimated Tax Benefit Payment exceeds the Tax Benefit Payment as reflected on the Final Tax Benefit Schedule for any Subject Taxable Year shall reduce the Estimated Tax Benefit Payment to be made by the Corporation in the following Subject Tax Year (and shall carry forward to future Subject Taxable Years until such excess amount has been reduced to zero).
See the memorandum issued by the Department of Treasury, Tax Exempt and Governmental Entities Division, Subject: Tax Treatment of Uniforms Issued to Government Employees by Fire and Police Departments.
The Designated Accountants shall be instructed by the parties to prepare a draft of the Subject Tax Filings based on the financial statements of the applicable Subject Company for the relevant period; upon completion of such draft filings, the Designated Accountants will provide such drafts, and any relevant supporting materials, to each of the parties.
Within three (3) calendar days after a Final Tax Benefit Schedule for any Subject Tax Year delivered to the TRA Representative becomes final in accordance with Section 2.3(a) and 7.8, if applicable, the Corporation shall pay to each TRA Party the amount, if any, by which the Tax Benefit Payment as reflected on the Final Tax Benefit Schedule exceeds the Estimated Tax Benefit Payment with respect to such Subject Tax Year (the “Final Tax Benefit Payment”).
In connection with the preparation and filing of any Subject Tax Filings, Ivanhoe Holdings and the Contributors shall jointly retain the Designated Accountants (as defined below).