Tax Effected definition
Tax Effected means the amount of an expense or cost as calculated on an after-tax basis to the extent that, and only to the extent that, GAAP and/or the Code and applicable regulations would require the same with respect to such expense or cost in the preparation of financial statements and the tax rate(s) used in such calculation shall be as provided for under GAAP and/or the Code and applicable regulations.
Tax Effected means adjusted for the combined effect of federal, state, and local income taxes by reducing the amount of a loss or recovery by the product of that loss or recovery and the highest combined federal, state, and local marginal tax rate applicable to Vectra Bank.
Examples of Tax Effected in a sentence
The Parties acknowledge and agree that Schedule 1 sets forth (x) the Pre-2013 Tax Attributes, Tax Effected California CODI and the Tax Attribute Reduction Amount, and (y) a good faith estimate based on best available information as of the Execution Date of (i) the 2013 Tax Attributes, (ii) the 2014 Tax Attributes, (iii) the Tax Effected Federal CODI, and (iv) the Total Company Tax Attributes.
Without limiting the foregoing, all items with respect to the calculation of the “Tax Effected Transaction Expenses” set forth in Carbon’s Notice of Disagreement dated July 7, 2015 have been resolved and such resolution is reflected in the foregoing determination of the Tax- Effected Transaction Expenses.