Tax Deductions definition

Tax Deductions means the aggregate amount of any income Tax deductions attributable to (a) the Transaction Expenses, (b) any business interest deduction carryforward pursuant to Section 163(j)(2) of the Code, and (c) any “net operating loss” within the meaning of Section 172(c) of the Code (or any similar provision of state, local or foreign Law) of the Company with respect to any Pre-Closing Tax Period that is not attributable to any of the other subclauses in this defined term and is available to be carried forward to any Tax year or period (or portion thereof) of Acquirer or its Affiliates (including the Company after the Closing Date) beginning after the Closing Date.

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Tax Deductions means, to the extent deductible under applicable Law, the sum of all items of loss or deduction for income Tax purposes resulting from or attributable to: (a) the Option Consideration; (b) the Selling Expenses; and (c) the satisfaction of the Company Debt on the Closing Date.

Tax Deductions means any deduction or withholding for or on account of Tax.

Examples of Tax Deductions in a sentence

• Interest and commitment commission shall accrue from day to day and shall be calculated on the basis of a year of 365 days (in the case of amounts denominated in Sterling) or 360 days (in the case of amounts denominated in any other currency) (as appropriate or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed and any Tax Deductions required to be made from any payment of interest shall be computed and paid accordingly.

• The parties agree to treat any Transaction Tax Deductions as deductible in the Pre-Closing Tax Period ending on the Closing Date to the extent supported by a “more likely than not” or higher reporting basis.

• The provisions of this Article 7.3 shall not apply if (i) any regulation applicable in the country of residence of the Issuer prohibits the Issuer from assuming the charge of the Tax Deduction, and/or (ii) the Tax Deductions which represent a tax credit, or can be used as a deduction or offset against the Subscribers’ tax.

• Any Transaction Tax Deductions shall be included as deductions on such Tax Returns to the extent such amounts are “more likely than not” allocable and deductible with respect to such Tax Returns.

• The parties hereby acknowledge and agree that the Transaction Tax Deductions shall be for the sole benefit of the Sellers, shall be allocated to a Pre-Closing Tax Period, and except as otherwise required by applicable Laws, shall be claimed in a Pre-Closing Tax Period.

More Definitions of Tax Deductions

Tax Deductions means the total amount of the tax deductions allocated to the Class A Common Members in respect of the items of Depreciation allocated to the Class A Common Members pursuant to Section 6.3.7(g) for the Allocation Periods ending prior to the Class C Common Change Date, and -42- 57

Tax Deductions means the aggregate of amount of: (a) the Option Consideration; (b) the portion of the Holdback Amount attributable to the Options; (c) Selling Expenses to the extent deductible for income Tax purposes and (d) the capitalized financing costs and expenses that become deductible in any Pre-Closing Tax Period by the Company or any Subsidiary for income Tax purposes as a result of the satisfaction of the Closing Date Repayment Indebtedness on the Closing Date.

Tax Deductions means the amount of income Tax deductions of the Company and the Subsidiaries equal to the sum of (i) the unamortized borrowing and other costs of the Company and Subsidiaries that become deductible by reason of the transactions contemplated herein, and (ii) the amounts payable with respect to the agreements and arrangements set forth on SCHEDULE 1.

Tax Deductions has the meaning given in Clause 4.8;

Tax Deductions they are not obliged, as of the Novation Signing Date, to make any tax deductions against the payments made under this Contract to the Lenders.

Tax Deductions means the total amount of the tax deductions allocated to the Class A Common Members in respect of the items of Depreciation allocated to the Class A Common Members pursuant to Section 6.3.7(g) for the Allocation Periods ending prior to the Class C Common Change Date, and the "Baseline Tax Deductions" shall mean the total amount of the tax deductions that would have been allocated to the Class A Common Members if items of Depreciation allocated under Section 6.3.7 had been allocated to the Class A Common Members in accordance with their Percentage Interests for the Allocation Periods ending prior to the Class C Common Change Date.

Tax Deductions is defined in Section 11.04.