Tax Distribution Statement definition

Tax Distribution Statement as defined in Section 7.5(a). “Tax Return”—any return (including any information return), report, statement, schedule, notice, form, declaration, claim for refund or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.
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Examples of Tax Distribution Statement in a sentence

  • The Taxable Income reflected on each Tax Distribution Statement shall be determined in a manner consistent with past practice.

  • Notwithstanding any other provision in this Agreement, from time to time at or before the Closing Date, Parascript shall be entitled to distribute to, and/or withhold and pay to an applicable taxing authority on behalf of Members, an amount, if any, equal to 30 percent of the Taxable Income as shown on the applicable Tax Distribution Statement (the “Tax Distribution Amount”).

  • The 2005 Tax Distribution Statement that becomes final and binding on the parties in accordance with the terms of this Section is referred to herein as the "Final Statement".

  • The Auditor's determination of the 2005 Tax Distribution at the Closing Date shall be delivered to the Shareholders no later than 90 days after the Closing Date (the "2005 Tax Distribution Statement").

  • The 2005 Tax Distribution Statement shall become final and binding upon the parties on the twenty-fifth day following the Shareholders' receipt thereof unless a Shareholder gives written notice of disagreement as to the 2005 Tax Distribution Statement ("Notice of Disagreement") to the Buyer prior to such date.

  • Notwithstanding any other provision in this Agreement, from time to time at or before the Closing Date, Parascript shall be entitled to distribute to, and/or withhold and pay to an applicable taxing authority on behalf of Members, an amount, if any, equal to forty percent (40%) of the Taxable Income as shown on the applicable Tax Distribution Statement (the “Tax Distribution Amount”).

  • The fees of the Auditors incurred in connection with the audit of the Closing Balance Sheet and the preparation of the 2005 Tax Distribution Statement and in any arbitration shall be borne by the Company, and the fees of the Shareholders' accountants incurred in connection with their review of the Closing Balance Sheet and the 2005 Tax Distribution Statement and in any arbitration shall be borne by the Shareholders.

  • During the 25-day period following the Shareholders' receipt of the 2005 Tax Distribution Statement, the Shareholders' accountants will be permitted to review the audit working papers of the Auditors relating to the Closing Balance Sheet and will have access to the Company's personnel as may be reasonably necessary in connection therewith and, in general, the Buyer will cooperate with the Shareholders and their accountants in facilitating such review.

  • If a Notice of Disagreement is received in a timely manner, the 2005 Tax Distribution Statement, as it may be amended pursuant to clauses (x) and (y) below, shall become final and binding upon the parties on the earlier of (x) the date the parties resolve all differences they have with respect to any matter specified in the Notice of Disagreement and (y) the date all disputed matters are finally resolved by the Arbitrators or Third Arbitrator (as such terms are defined below).