Tax cap means a maximum taxable transaction.
Tax cap means, at any time, an amount equal to the excess, if any, of (a) the Effective Tax Rate multiplied by the sum of (i) the cumulative taxable income (or loss) of the Company for all Tax Years ending after the Effective Date and before the most recent Calculation Date (but excluding any income (or loss) occurring prior to the Effective Date) plus (ii) the Estimated Taxable Income, over (b) the sum of all payments and distributions by the Company after the Effective Date on account of Section 4.03(g)(A)(2); provided that the Tax Cap may be increased to the extent necessary to provide for reasonable estimates of any corporate alternative minimum tax attributable to the inability to utilize losses from prior years.
Tax cap shall have the meaning set forth in Section 8.2(c).
Examples of Tax cap in a sentence
Subject to the Tax Cap, any Section 338(h)(10) Election Gross Up shall be paid and disbursed under the same terms and conditions associated with the underlying payment that gave rise to the Section 338(h)(10) Election Gross Up payment obligation.
More Definitions of Tax cap
Tax cap has the meaning set forth in Section 6.1(i).
Tax cap has the meaning set forth in Section 7.2(c)(iv).
Tax cap has the meaning assigned in Section 10.5(c).
Tax cap. See Section 10.1(b);