Definition of Tax Rate Percentage

  1. Tax Rate Percentage means the highest marginal U.S. federal income tax rate (expressed as a percentage) payable by a U.S. corporation in effect for the applicable taxable year (which shall be the taxable year of utilization in the case of a net operating loss or a net capital loss).

Examples of Tax Rate Percentage in a sentence

  1. SR & ED Credit Amount means the amount in Canadian dollars that equals the After Tax Rate Percentage as applied to all SR & ED (federal and provincial) refundable investment tax credits received by the Company (or any successor) after the Closing Date, which relate to the Pre-Closing Period (being the amount of refundable investment tax credits net of taxes payable by the Company in respect of such refundable investment tax credits).

Definition of Tax Rate Percentage in Tax Matters Agreement

Tax Rate Percentage means the highest marginal U.S. federal income tax rate (expressed as a percentage) payable by a U.S. corporation in effect for the applicable taxable year (which shall be the taxable year of utilization in the case of a net operating loss or a net capital loss).