Tax Litigation Result definition

Tax Litigation Result means the estimated amount of the future Canadian federal and provincial income tax benefits from the Final Settlement (the “Estimated Tax Benefits”), with the Estimated Tax Benefits being the amount determined by recomputing the ‘deferred tax asset’ account of SCDA as of December 31, 2013, calculated in accordance with IFRS, but (in the case solely of amounts at issue in the Tax Litigation) without regard to the ‘deferred tax asset’ recognition criteria under IFRS, to reflect what it would have been if such Final Settlement had occurred as of December 31, 2013.

Examples of Tax Litigation Result in a sentence

  • The decision of the Independent Litigation Accountant as to the Tax Litigation Result shall be final and binding upon the Purchaser and the Seller and shall constitute the final Tax Litigation Result for purposes of this Agreement.

  • After the Final Settlement is determined in accordance with Section 7.10(Tax Litigation), and provided such Final Settlement is determined on or before the Closing Date, the Seller shall prepare a certificate (a certificate prepared pursuant to this Section 2.9(1) or Section 2.9(3) being a “Tax Litigation Certificate”) setting forth its calculation of the Tax Litigation Result.

  • The Independent Litigation Accountant shall, as promptly as practicable (but in any event within forty-five (45) days following its appointment), in its capacity as an expert and not as an arbitrator, make a determination of the Tax Litigation Result based solely on written submissions of the Purchaser and the Seller given by them to the Independent Litigation Accountant and any other information that is reasonably requested from such Parties by the Independent Litigation Accountant.

  • After the Final Settlement is determined in accordance with Section 7.10(Tax Litigation), and provided such Final Settlement is determined after the Closing Date, the Purchaser shall prepare a Tax Litigation Certificate setting forth its calculation of the Tax Litigation Result.

Related to Tax Litigation Result

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Tax Proceeding has the meaning set forth in Section 5.2(a).

  • Material Litigation is defined in Section 6.7.

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Contractor must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Contract or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Contractor’s financial condition.

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Tax Action means any claim, action, suit, complaint, arbitration, audit, investigation, review, assessment, notice of deficiency or other proceeding relating to any Tax or Return by or before any Tax Authority.

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Tax Matter has the meaning set forth in Section 7.01.

  • Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

  • Tax Refund means any refund of Taxes (including any overpayment of Taxes that can be refunded or, alternatively, credited or applied to future Taxes payable), including any interest paid on or with respect to such refund of Taxes.

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Tax Liabilities means all liabilities for Taxes.

  • Tax Controversy means any audit, examination, dispute, suit, action, litigation or other judicial or administrative proceeding by or against the IRS or any other Taxing Authority.

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Tax Authority means, with respect to any Tax, the governmental entity or political subdivision thereof that imposes such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Unresolved Claims has the meaning set forth in Section 7.6(c).

  • Reasonable medical judgment means a medical judgment that would be made by a reasonably prudent physician, knowledgeable about the case and the treatment possibilities with respect to the medical conditions involved.