Tax Reduction Amount definition

Tax Reduction Amount means (a) with respect to a holder of Series A-2 Units, the amount of federal, state and local taxes actually payable by the Limited Partner in respect of the Limited Partner’s Interest in the Partnership (other than taxes due on income allocated to the Limited Partner in respect of which the Limited Partner received a Tax Distribution) for the taxable period which includes a Deemed Liquidity Event assuming that the Limited Partner redeems its interest in the Partnership immediately after such Deemed Liquidity Event for cash equal to the Limited Partner’s Liquidating Target Capital Account or (b) with respect to each other Limited Partner, zero.
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Tax Reduction Amount has the meaning set forth in Section 8.2(b)(v).
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Tax Reduction Amount means the amount by which any Tax benefit recognized or utilized affects or reduces the Tax liability of an indemnified party or an Affiliate thereof resulting from or arising out of any Loss to which the indemnified party or such Affiliate is entitled to indemnification under this Agreement.
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Examples of Tax Reduction Amount in a sentence

  • In addition, all Losses shall be computed net of any Tax Reduction Amount.

  • Notwithstanding anything to the contrary contained in the Credit Agreement, the Valenite Tax Reduction Amount in effect immediately after the permanent reduction of the Total Revolving Loan Commitment provided for in this Section shall be $21.0 million, which amount may subsequently be reduced in accordance with the Credit Agreement.

  • Any indemnification payment under this Section 8.2 shall initially be made without regard to clauses (A) and (B) of this Section 8.2(b)(v) and the Indemnitee shall remit to the Indemnitor the Tax Reduction Amount or the Insurance Recovery Amount, as the case may be, when the Indemnitee actually realizes the Tax Reduction Amount or actually receives the Insurance Recovery Amount, as the case may be.

  • Notwithstanding anything to the contrary contained in this Subsection (ii) of Section 4(b), if the Tax Reduction Amount relates to a Tax Liability which would not result in a Loss under Section 5.2 of the Purchase Agreement no release of Escrow Funds shall be made pursuant to this Subsection.

  • The Current Owners shall hold the Company and the Subsidiaries harmless against any subsequent challenge to the Tax Reduction Amount or Insurance Recovery Amount.


More Definitions of Tax Reduction Amount

Tax Reduction Amount has the meaning given to it in clause 12.4.2;
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Related to Tax Reduction Amount

  • FX Reduction Amount is defined in Section 2.1.3.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Allocation Amount means, as of the Closing Date, the Series [•] Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series [•] Stated Principal Amount resulting from the issuance of additional Series [•] Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series [•] Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.