Definition of Tax Receivable

  1. Tax Receivable means any cash received by the Company, from the IRS or any other applicable taxing authority, in respect of a refund of U.S. federal, state or local Income Taxes paid (including through the payment of estimated quarterly payments) by the Company to such taxing authority before the Closing Date, in respect of the Company's taxable years ended December 31, 2014 or December 31, 2015, or the Company's taxable year ending on the Closing Date, in each case to the extent such refund is directly attributable to any deduction resulting from the exercise of any Company warrant or stock option in connection with the Transactions (determined on a "without and without" basis).

Examples of Tax Receivable in a sentence

  1. Tax Receivable Distribution Amount means the sum of (i) the amount that NCM Inc. is obligated to pay to the Founding Members pursuant to Section 3.01 of the Tax Receivable Agreement, plus (ii) the amount that NCM Inc. is obligated to contribute to the Company pursuant to Section 5.1(b) of this Agreement, both for the period to which the Tax Receivable Distribution Amount relates.
  2. Item Actual audited 31 December 2013 (in $AUD Cash 20,989,256 Debt (3,250,000) Current Corporation Tax Payable (588,265) Current Corporation Tax Receivable 935,068 Dividends Payable 0 Unsecured Loan to Ingeus UK and Trading Accounts Receivable owed by Ingeus UK 5,089 Unsecured Loan from Ingeus UK and Trading Accounts Payable owed to Ingeus UK 0

Definition of Tax Receivable in Share Purchase Agreement

Tax Receivable means any cash received by the Company, from the IRS or any other applicable taxing authority, in respect of a refund of U.S. federal, state or local Income Taxes paid (including through the payment of estimated quarterly payments) by the Company to such taxing authority before the Closing Date, in respect of the Company's taxable years ended December 31, 2014 or December 31, 2015, or the Company's taxable year ending on the Closing Date, in each case to the extent such refund is directly attributable to any deduction resulting from the exercise of any Company warrant or stock option in connection with the Transactions (determined on a "without and without" basis).