Tax Adjustment Amount definition

Tax Adjustment Amount has the meaning ascribed to it in Section 8(b)(v) of the Agreement.

Tax Adjustment Amount means, for each Partnership Fiscal Year, an amount equal to the excess (if any) of (i) the sum of (x) TCO's Real Estate Investment Trust Taxable Income for such Partnership Fiscal Year (determined without regard to any deduction for dividends paid (as defined in Section 561 of the Code)), and by excluding any net capital gain (as defined in Section 1222(11) of the Code), and (y) TCO's net income from foreclosure property for such Partnership Fiscal Year, minus its excess noncash income (as determined under Section 857(e) of the Code) for such Partnership Fiscal Year, over (ii) the sum of (A) TCO's allocable portion of the Required Distribution Amount distributed to TCO during such Partnership Fiscal Year, and (B) TCO's allocable portion of the Minimum Distribution Amount Adjustment distributed to TCO during the current Partnership Fiscal Year, to the extent such Minimum Distribution Amount Adjustment was a distribution in respect of those amounts determined under subclauses (x) and (y) of clause (i) hereof.

Tax Adjustment Amount means the net amount (expressed as a positive or negative number; and, if disputed, as finally determined in accordance with this Section 1.8) equal to the amount by which Pre-Closing Taxes (other than Taxes that are solely Liabilities of Restructuring Sub or any of the Remainderco Subsidiaries) (as finally determined in accordance with this Section 1.8) is (i) less than Estimated Pre-Closing Taxes (such amount expressed as a positive number), or (ii) greater than Estimated Pre-Closing Taxes (such amount expressed as a negative number).

Examples of Tax Adjustment Amount in a sentence

• Following the close of each Calendar Year, Landlord shall cause the amount of the Tax Adjustment Amount for such Calendar Year to be computed based on Taxes for such Calendar Year and Landlord shall deliver to Tenant a statement of such amount and Tenant shall pay any deficiency as shown by such statement to Landlord within 30 days after receipt of such statement.

• If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Tax Adjustment Amount due from Tenant for such Calendar Year, then, at Landlord’s option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Txxxxx is not then in default hereunder.

• The Tax Adjustment Amount with respect to each Calendar Year shall be paid in monthly installments, payable in advance on the first day of each calendar month during the course of such year in amounts estimated from time to time by Landlord and communicated by written notice to Txxxxx.

• Delay in computation of the Expense Adjustment Amount or Tax Adjustment Amount shall not be deemed a default hereunder or a waiver of Landlord’s right to collect any of such amounts.

• If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Tax Adjustment Amount due from Tenant for such Calendar Year, then, at Landlord's option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.

More Definitions of Tax Adjustment Amount

Tax Adjustment Amount means Tenant's Proportionate Share of the amount by which the Taxes incurred with respect to such Calendar Year exceed the Tax Base Amount.

Tax Adjustment Amount means the amount calculated as of a Tax Attribute Determination Date in accordance with the following formula (without duplication of adjustments made on any earlier Tax Attribute Determination Date), plus interest accrued at a per annum rate of 10 percent from the Closing Date paid: If Reorganized Company Tax Attributes exceed $81 million, the Tax Adjustment Amount shall be 15.19 percent of such excess. If Reorganized Company Tax Attributes are less than $77 million, the Tax Adjustment Amount shall be 15.19 percent of such shortfall.

Tax Adjustment Amount has the meaning set forth in the LIL LP Agreement; “Third Party Claim” has the meaning set forth in Section 11.4(b);

Tax Adjustment Amount shall have the meaning set forth in Section 2.06(a).

Tax Adjustment Amount has the meaning ascribed to it in Section 8(c) of the Agreement. “TERMINATION” means a termination of the Executive’s employment with the HDI Group while this Agreement is in effect, if such termination constitutes a Separation from Service and such termination satisfies one of Paragraphs (a), (b) or (c) below:

Tax Adjustment Amount means the amount of unpaid income Taxes of the Company and the Subsidiary for Pre-Closing Tax Periods. Notwithstanding anything else in this Agreement, the Tax Adjustment Amount shall be calculated as of the close of business on the Closing Date, and in a manner consistent with Section 5.14(c).

Tax Adjustment Amount has the meaning set forth in the LIL LP Agreement;