Working Capital Taxes definition

Working Capital Taxes means state sales, use, property and business Taxes, (including excise and franchise Taxes), but excluding state or federal income Taxes incurred by the Company in the ordinary course of business and consistent with past practice (including by type and amount) that are not due and payable as of the Closing Date.
Working Capital Taxes has the meaning given in Section 13.1.l(j).

Examples of Working Capital Taxes in a sentence

  • All Taxes due and owing by the Company have been paid or are properly accrued for on the books of the Company and the Working Capital Taxes will be reflected as a current liability as part of the adjustment to the Purchase Price under Section 2.4. The Company is not the beneficiary of any extension of time within which to file any Tax Return.

  • The Company’s revenue recognition policy under IFRS 15 is as follows:A portion of the Company’s revenue is generated from contracts with its customers.

  • All Taxes due and owing by each Company have been paid or are properly accrued for on the books of such Company whether or not shown as due on any return, and the Working Capital Taxes will be reflected as a current liability as part of the adjustment to the Purchase Price under Section 2.4. Neither Company is the beneficiary of any extension of time within which to file any Tax Return.

  • Officers may hold two or more offices when necessary, except the President and the Secretary.

  • Notwithstanding the foregoing, for purposes of calculating the Closing Date Consolidated Working Capital, Taxes shall not be taken into account in accordance with GAAP, but shall instead be taken into account in accordance with the principles used in calculating Taxes for Pre-Closing Tax Periods as determined under Section 8.2(c), Section 8.3, and Section 8.8.

Related to Working Capital Taxes