Tax Indemnity Threshold definition

Tax Indemnity Threshold means an amount of USD [***] (in words: [***] US Dollars) related to the tax indemnity as set out in Article 10.6;

Examples of Tax Indemnity Threshold in a sentence

  • Any amount of Taxes over the Tax Indemnity Threshold payable by Xantic Broadcast B.V. provided for under line-item 1300 “Company Income Tax To Be Paid” of Schedule 20 relating to the period prior to Completion Date which has not been paid on or prior to the Completion Date, shall be for the account of Sellers and Sellers shall indemnify the Purchaser in respect of any such Taxes exceeding the Tax Indemnity Threshold.

Related to Tax Indemnity Threshold

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnity Escrow Amount means $3,000,000.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Tax Indemnity means the indemnity in respect of certain Taxation matters referred to in clause 10;

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Tax Indemnitee as defined in Section 3.01(5).

  • Indemnity Period means the period during which the results of the business are affected resulting from the occurrence beginning with the date of the accident causing injury but not exceeding the maximum indemnity period

  • Cap Amount shall have the meaning set forth in Section 2.3.10.

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).