Tax Differential definition

Tax Differential shall have the meaning set forth in Section 5.04(b)(iv).
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Tax Differential has the meaning specified in Section 3.4(h). ----------------
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Tax Differential means 75% of the difference between the amount of Property Tax revenues generated each tax year by all Taxing Entities from the Site using the current assessed value of the property within the Site and the amount of Property Tax revenues that would be generated from that same area using the Base Taxable Value of the property.
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Examples of Tax Differential in a sentence

  • In addition thereto, the Company shall pay to you the amount necessary to pay all additional taxes imposed on you as a result of your receipt of the Tax Differential Payment (the “Gross Up Payment” and, together with the Tax Differential Payment, the “Additional Payment”).

  • The Seller shall pay such Tax Differential to the Purchaser within 30 days of receipt of the Tax Certification.

  • In the event that any item giving rise to the Tax Differential will reverse itself in future years or otherwise result in any Tax savings to the Purchaser and its Affiliates in future years, the Tax Certification shall provide the Tax Director’s best estimate of when the Tax Differential will reverse itself.

  • In addition thereto, the Company shall pay to you the actual amount of the Taxes you will have to pay as a result of your receipt of the Tax Differential Payment (the “Gross Up Payment” and together with the Tax Differential Payment the “Additional Payment”).

  • If Landlord’s Tax Statement is received more than ninety (90) days after the commencement of the then current Lease Year, then Tenant shall have the option of paying the Tax Differential in two (2) equal monthly payments within sixty (60) days following receipt of Landlord’s Tax Statement.

  • The Tax director of the Purchaser’s Vendor Financial Services business unit (the “Tax Director”) shall make a good faith effort to establish the Tax Differential and shall certify such amount and the rationale for such calculation to the Seller (the “Tax Certification”).

  • Any Make-Whole Payment provided for in this Section 2 (including without limitation any Tax Differential Payment associated therewith) shall be paid to the Employee at the same time that the Purchase Program Points FMV is required to be paid to the Employee (or its related Non-Manager Member and Permitted Transferees, as applicable) pursuant to the applicable LLC Agreement.

  • The Executive is responsible for any tax withholding on the Tax Differential Payment and will not seek reimbursement from the Company for any such withholding.

  • Sellers shall have no liability for the failure of any shareholders of the Company, other than the Sellers, to consent to such election, and shall return to Purchaser immediately any payment of the Sellers' Tax Differential if Purchaser ultimately does not make the election.

  • The Underwritten Tax Differential in this example is calculated as follows: [$1,250,000.00 (Actual Taxes) divided by 6.95% (agreed upon capitalization rate) = $17,985,612.00]; $17,985,612.00 - $17,040,259.00 (Underwritten Tax Amount) = $945,353.00 (Underwritten Tax Differential).

Related to Tax Differential

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.