Transfer Tax Amount definition

Transfer Tax Amount means $218,000.
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Transfer Tax Amount. $10,275,512.00, which represents the New York State and New York City transfer taxes paid by Investor ix xxxxxxxxxx xxxx xxx xxxxxxx xxquisition of its Interest from Reckson OP, which includes amounts payable as a result of Investor paying such transfer taxes; provided, however, to the extent any additional New York State and/or New York City transfer taxes are determined after the date hereof to be due and payable solely in connection with Investor's initial acquisition of its Interest from Reckson OP, Investor shall pay such additional transfer taxes (and any interest or penalties thereon) and, upon such payment, the Transfer Tax Amount shall be increased by such additional transfer taxes.
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Transfer Tax Amount has the meaning given to it in Section 2.3;
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Examples of Transfer Tax Amount in a sentence

  • The Final Transfer Tax Amount is an estimate which can only be finalized once the transfer tax amount included therein in respect of the State of California has been confirmed.

  • The Monitor, the Purchaser and their respective legal counsel have resolved all outstanding matters related to the Reconciliation, with the exception of finalizing the Final Transfer Tax Amount (defined and described in the Eighth Report).

  • The Vendor shall be responsible for any shortfall in the Transfer Tax Amount, and the Purchaser will not, in any event, be liable to pay any additional amounts if the Transfer Tax Amount is insufficient to make such remittances.

  • Note 4b: Equal to $25.6mm, less an assumed $1.5mm for the Closing Transfer Tax Amount (per note 4a).

  • The Reconciliation also includes an estimate of the Final Transfer Tax Amount which can only be finalized once the transfer tax amount in respect of the State of California has been confirmed.

  • The Stockholders shall use commercially reasonable efforts not to pay more than the Transfer Tax Amount, and notwithstanding anything to the contrary contained herein, prior to such payment, the Company shall have the right to review and approve (which approval shall not be unreasonably withheld, conditioned or delayed) the amount of such payment.

  • The actual Transfer Tax Escrow Amount will change to the extent the Closing Transfer Tax Amount in note 4a is different.

  • Since the creation of the Lucas per se exception based on complete deprivation of economic value, the Court has maintained that such cases are rare.

  • As anon-profit legal practitioner in a leading immigrant community, I encounter a significant volume 1 The “David Case” and “Carlos Case” presented are composite cases loosely based on real life cases seen in the course of my practice as a Board of Immigration Appeals Accredited Representative at Catholic Charities in Chicago, IL.

  • If the Final Transfer Tax Amount is greater than $3.65 million, the Vendors shall pay the Purchaser the amount by which the Final Transfer Tax Amount exceeds $3.65 million.

Related to Transfer Tax Amount

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Transfer Tax means any sales, use, transfer, real property transfer, recording, stock transfer and other similar Tax and fees, including any interest, penalty or addition thereto, whether disputed or not; provided, however, that the term “Transfer Tax” shall not include any Income Tax.

  • Transfer Taxes means any and all sales, use, value added, stamp, documentary, filing, recording, transfer, real estate, stock transfer, intangible property transfer, personal property transfer, gross receipts, registration, securities transactions, conveyance and notarial Taxes, and similar fees, Taxes and governmental charges (together with any interest, penalty, addition to Tax, and additional amount imposed in respect thereof) arising out of or in connection with the transactions contemplated by this Agreement.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • After-Tax Basis means, with respect to any payment due to any Person, the amount of such payment supplemented by a further payment or payments so that the sum of all such payments, after reduction for all Taxes payable by such Person by reason of the receipt or accrual of such payments, shall be equal to the payment due to such Person.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

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

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Incremental Income Taxes is defined in Section 6.9.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.