Definition of Taxable Income

  1. Taxable Income means, for any period, the taxable income or loss of Icahn Enterprises for such period for federal income tax purposes.

Examples of Taxable Income in a sentence

  1. Net Taxable Income has the meaning set forth in Section 4.01(b)(i).
  2. "Net Taxable Income" ........................................ 11 1.71.

Definition of Taxable Income in Senior Secured Note

Taxable Income means, for any period, the taxable income or loss of Icahn Enterprises for such period for federal income tax purposes.


Definition of Taxable Income in Senior Note

Taxable Income means, in respect of any Taxation Year, the amount of taxable income determined in accordance with the provisions of the Income Tax Act (including the amount of any taxable capital gain or allowable capital loss from the disposition of each capital property of Rental ULC).


Definition of Taxable Income in Senior Subordinated Note

Taxable Income means, with respect to any Person for any period, the taxable income or loss of such Person for such period for federal income tax purposes; provided, that (i) all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss, (ii) any basis adjustment made in connection with an election under Section 754 of the Code shall be disregarded and (iii) such taxable income shall be increased or such taxable loss shall be decreased by the amount of any interest expense incurred by such Person that is not treated as deductible for federal income tax purposes by a partner or member of such Person.