Examples of Tax Representatives in a sentence
Without limiting the Tax Representative's general authority, the Tax Representative may make any elections available to be made as a partnership representative within the meaning of Code Section 6223 including, without limitation, the election described in Code Section 6226(a)(l).
The Tax Representatives shall promptly notify each other of any Purchaser Tax Benefit and Seller Tax Detriment and provide details supporting the calculation of the amount of such Purchaser Tax Benefit or Seller Tax Detriment.
If the Tax Representatives of the Jaymark Group and the JNI Group or the California Franchise Tax Board determine that the Jaymark Group and JNI Group should jointly file a unitary California combined return of franchise or income tax for a Post-IPO Period, then Jaymark shall be responsible for having such tax return prepared, with each of JNI and Jaymark to be responsible for payment of one-half of the fees paid to any outside accountant for preparing such return.
Upon payment of the Outstanding Balance in accordance with this Letter Agreement, no further Tax Equalization shall be owed to the Company for tax years ending 2018, 2019, 2020 and 2021 absent an intentional, wilful or grossly negligent error in information provided by Tax Advisor to Company Tax Representatives for the foregoing tax years.
As of the date of this Letter Agreement (the “Effective Date”), Company Tax Representatives have calculated such total Tax Equalization for the tax years ending 2018, 2019, 2020, and 2021 to equal $3,306,752; which amount Company represents to be true and accurate subject to the data provided by CEO’s Tax Advisor.
Any information obtained pursuant to this Section 12.05 or pursuant to any other provision of this ARTICLE XII providing for the sharing of information or review of any Tax Return or other schedule relating to Taxes by a requesting Party shall be kept confidential by the requesting Party, its Affiliates, and their respective legal and Tax Representatives.
The Parties shall authorize Tax Advisor and Company Tax Representatives to cooperate in calculating such amounts for the 2022 tax year; and each of CEO and Company shall acknowledge such calculation within a reasonable period following calculation.
Notwithstanding the foregoing, upon confirmation and payment of the Final Tax Equalization, no further Tax Equalization shall be owed to the Company for tax years ending 2022 and all future tax years absent an intentional, wilful or grossly negligent error in information provided by Tax Advisor to Company Tax Representatives for the foregoing tax years.