Tax Attribute Amount definition
Tax Attribute Amount means the lesser of (a)(i) $9.25 million minus (ii) 50% of any premium, fees, taxes and surcharges required to be paid in connection with any Tax Insurance Policy and (b)(i) 12.5% multiplied by the net operating loss carryovers for U.S. federal income Tax purposes, of the Company Group existing as of immediately following the Closing minus (ii) 50% of any premium, fees, taxes and surcharges required to be paid in connection with any Tax Insurance Policy.
Examples of Tax Attribute Amount in a sentence
Any premium, fees, taxes and surcharges required to be paid in connection with such Tax Insurance Policy shall be treated as set forth in the determination of the Tax Attribute Amount.
The Parties acknowledge that the Estimated Closing Statement will be delivered to Buyer prior to the Closing Date and therefore the amounts of Estimated Cash, Estimated Working Capital, Estimated Indebtedness, Estimated Transaction Expenses and Estimated Tax Attribute Amount included therein will be estimates and may be different than the actual amount of such items were the determination thereof made after the Closing Date.