Tax Payment definition
Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).
Tax Payment means a payment made by an Obligor to a Finance Party in any way relating to a Tax Deduction or under any indemnity given by that Obligor in respect of Tax under any Finance Document.
Tax Payment has the meaning given to it in Clause 12.1 (Definitions).
Examples of Tax Payment in a sentence
The Tax Payment shall be grossed up one time, using the highest marginal federal, state, and local income and employment tax rates applicable to the Executive for 2025, to account for any additional tax liability incurred by the Executive as a result of the Company’s payment of such taxes on his behalf.
The grossed- up Tax Payment shall be processed through payroll within 30 days following the Effective Date (as defined in Section 7(d) below), with applicable withholding and payroll reporting, and the net pay resulting from such payroll payment shall be paid to the Executive.
More Definitions of Tax Payment
Tax Payment means a payment as described in Article 6 or
Tax Payment means an increased payment made by the Borrower to a Lender under Clause 10.2 or a payment under Clause 10.3.
Tax Payment shall have the meaning set forth in Section 4.10.1.
Tax Payment means either an increased payment made by a Borrower to a Lender under Section 2.17A(d) or a payment under Section 2.17A(i).
Tax Payment shall have the meaning set forth in Section 27.2 hereof.
Tax Payment means either the increase in a payment made by the Borrower to the Lender under Clause 11.2 below or a payment under Clause 11.3 below.
Tax Payment means any payment of foreign, federal, state or local tax liabilities.