Tax Distribution definition

Tax Distribution has the meaning set forth in Section 4.1(a).
Tax Distribution has the meaning set forth in Section 4.4.
Tax Distribution means, with respect to any period, distributions made to any Person by a Subsidiary of such Person on or with respect to income and other taxes, which distributions are not in excess of the tax liabilities that, (i) in the case of a Subsidiary that is a corporation, would have been payable by such Subsidiary on a standalone basis, and (ii) in the case of a Subsidiary that is a partnership, would have been distributed by such Subsidiary to its owners with respect to taxes, and in each case which are calculated in accordance with, and made no earlier than 10 days prior to the date required by, the terms of the applicable organizational document which requires such distribution.

Examples of Tax Distribution in a sentence

  • Transit Operator9 Funding‌In North Dakota funding for public transportation comes from the Highway Tax Distribution Fund (“Legislative Appropriations 2019-2021 Biennium” 2017).

  • 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.

  • The first $5.5 million in the Highway Tax Distribution Fund are transferred to the State Highway Fund.


More Definitions of Tax Distribution

Tax Distribution means a distribution made by the Company pursuant to Section 5.03(e)(i) or Section 5.03(e)(iii) or a distribution made by the Company pursuant to another provision of Section 5.03 but designated as a Tax Distribution pursuant to Section 5.03(e)(ii).
Tax Distribution has the meaning set forth in Section 5.2.
Tax Distribution means, for any fiscal quarter or fiscal year or other period of the Partnership during the term of the Partnership, the product of (a) the aggregate amount of taxable income or gain allocated to the Partners pursuant to Section 5.04(a) for such period and (b) the Applicable Tax Rate for such period.
Tax Distribution has the meaning set forth in Section 4.01(c).
Tax Distribution is defined in Section 5.2.1.
Tax Distribution shall have the meaning assigned to such term in Section 6.06(f).
Tax Distribution means, with respect to any Person, any dividend or other distribution to any direct or indirect member of an affiliated group that files a consolidated U.S. Federal tax return with such Person, in accordance with one of the tax sharing agreements set forth on Schedule 1.01 or any other tax sharing agreement or similar arrangement in each case in an amount not in excess of the amount that such Person (or such Person and its subsidiaries) would have been required to pay in respect of Federal, State or local Taxes, as the case may be, in respect of such year if such Person had paid such Taxes directly as a stand-alone taxpayer (or on behalf of a stand-alone group).