Tax Order definition

Tax Order means a final order of the Bankruptcy Court in form and substance acceptable to Purchaser, Sellers and the Required Consenting Lenders, which Tax Order, as of the Closing Date, shall not have been stayed, vacated or otherwise rendered ineffective and shall find, acknowledge and/or otherwise provide, that no administrative Tax claim(s) for income tax will result from or arise out of the implementation of the transactions contemplated by this Agreement or the Plan, other than (subject to the last sentence hereof) alternative minimum Taxes that in the aggregate are less than $15 million. If the Bankruptcy Court enters an order that finds that the administrative Tax claims that constitute alternative minimum Taxes are greater than $15 million in the aggregate (the amount by which such alternative minimum Taxes are greater than $15 million, the “Excess AMT Amount”) and less than the Cash Purchase Price (prior to adjustment for any Excess AMT Amount), that finding shall not, in and of itself, cause the Bankruptcy Court order not to be a Tax Order if no later than ten days after the date such order is entered (such ten day period, the “Seller Excess AMT Election Period”), the Opco Agent (at the direction of the Required Consenting Lenders) notifies Purchaser and SCI in writing that it has elected to have the Cash Purchase Price (and, as a result, the aggregate consideration) provided for in Section 3.1 reduced by an amount equal to the Excess AMT Amount and thereafter Purchaser and Sellers shall continue to proceed to Closing subject to the terms and conditions hereof.”

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Tax Order is hereby added to Section 1.1 of the APA and shall read as follows:

Tax Order means that certain Order Authorizing the Debtors To Pay Certain Prepetition Taxes and Fees [D.I. 799].

Examples of Tax Order in a sentence

• To remove doubt, if the employee accumulates an aggregate amount in the fund that exceeds the maximum amount stipulated in an Income Tax Order, the surplus amount shall be regarded as income for tax purposes.

• Bloomberg Tax hereby grants to Customer a non-exclusive, non-transferable, limited license to install, access and/or use, as applicable, one or more Bloomberg Tax products, including software programs, applications, and/or any associated software modules and documentation, and any updates thereto, as described below and in the applicable Bloomberg Tax Order Form(s) or renewal invoice (individually and collectively, “Order Form”), the terms of which are incorporated herein (collectively, “Software”).

• Provide the attorney and the trustee with copies of income tax returns, and provide the trustee with any refunds received, as required by the Court’s Income Tax Order.

• For the avoidance of any doubt, if the amounts accumulated by IL shall be more than the maximum amount according to the Income Tax Order, such amount shall be considered as IL’s income.

• The Company and its Subsidiaries make no supplies other than taxable supplies for the purposes of VAT and obtain full credit for all input tax paid or suffered by them other than input tax which is not available for input tax credit by virtue of the Value Added Tax (Input Tax) Order 1992 (SI 1992/3222).

• Neither Grey Matter Limited nor Grey Matter (EMEA) has ever been denied full credit for all input tax paid or suffered by it (other than in relation to input tax in to which Value Added Tax (Input Tax) Order 1992/3222 applies (such as business entertainment expenses)).

• Subject to the maximum amount stated in section 3(e) of the Income Tax Order, 1961 (‘the Income Tax Order’), the company shall pay into the aforesaid fund an amount equal to 7.5% of the employee’s basic salary (hereafter in this clause: ‘the company’s share’) and it shall deduct 2.5% of the employee’s basic salary (hereafter in this clause: ‘the employee’s share’) and pay this amount into the fund.

• The stamps may be obtained from the Department of Revenue’s Cashier’s Section at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇., Room 108, by: • completing Form DR 5225 “Cigarette Tax Order Form” and delivering the order form to the above address in person; • mail the DR 5225 form to the depart- ment, or • telephone DOR’s Cashier Section at (▇▇▇) ▇▇▇-▇▇▇▇ and place the order.

• Borrower agrees to cooperate as reasonably necessary to assist Agent in obtaining the Mortgage Privilege Tax Order described in §5.8(b) from the Alabama Department of Revenue, including, without limitation, providing a new or updated Mortgage Tax Affidavit.

• Shareholder has obtained the Danish Tax Order, and, as of the date hereof, the Danish Tax Order is in full force.

More Definitions of Tax Order

Tax Order has the meaning specified in Section 10.07(g).

Tax Order means that certain Order Authorizing the Debtors To Pay Certain Prepetition Taxes and Fees, in form and substance reasonably satisfactory to the Left Lead Arranger on a motion by the EFIH Debtors that is in form and substance reasonably satisfactory to the Left Lead Arranger, as such order or orders may be extended, amended, supplemented or modified in a manner reasonably satisfactory to the Left Lead Arranger.