Examples of Tax Advance in a sentence

For all purposes of this Agreement such Partner shall be treated as having received the amount of the distribution that is equal to the Tax Advance.
An estimated amount for anticipated tax liabilities at that point in time including (as applicable and without limitation) Capital Gains Tax, Income Tax, Corporation Tax, Stamp Duty, Stamp Duty Reserve Tax, Advance Corporation Tax and Value Added Tax will be deducted.
For all purposes of this Agreement such Member shall be treated as having received the amount of the distribution that is equal to the Tax Advance.
Other compliances like those relating to Tax Deduction at Source, Fringe Benefit Tax, Advance Tax, Minimum Alternative Tax and like are also required to be complied by every Company.
All Tax Advances made on behalf of a Member shall be repaid by reducing the amount of the current or next succeeding Tax Distribution or Tax Distributions and, if applicable, the proceeds of liquidation that would otherwise have been made to such Member under this LLC Agreement; provided, that if a Tax Advance is made on behalf of a former Member, then such former Member shall indemnify and hold harmless the Company for the entire amount of such Tax Advance.

More Definitions of Tax Advance

Tax Advance shall have the meaning specified in Section 9.2(d)(iii)(4) of the Participation Agreement.

Tax Advance shall have the meaning specified in Section 10.07.

Tax Advance has the meaning set forth in Section 3.7.

Tax Advance means any distribution pursuant to Section 7.4.

Tax Advance is defined in Section 5.2(b).

Tax Advance shall have the meaning set forth in Section 7.5 hereof.