Bank Tax means any Tax imposed on the overall net income of any Lender or the Administrative Agent, and franchise taxes imposed on any such Person in lieu of net income taxes, by the jurisdiction under the laws of which such Person is organized, or in the case of any Lender by the jurisdiction of such Lender’s Applicable Lending Office, or, in either case, any political subdivision thereof.
Bank Tax means any Tax based on or measured by net income or franchise taxes (imposed in lieu of net income taxes) imposed upon any Bank or the Administrative Agent by any jurisdiction (or any political subdivision thereof) in which such Bank, the Administrative Agent or any Lending Office is organized or located or doing business that is unrelated to this Agreement.
Bank Tax means any net income, franchise or similar Tax imposed upon any -------- Bank by any jurisdiction (or political subdivision thereof) in which such Bank or any of its Lending Offices is located or where such Bank is otherwise subject to tax other than as a result of the transactions contemplated by this Agreement, but in no event shall it mean any withholding tax.
Examples of Bank Tax in a sentence
Tax Authority has sent the Bank, Tax Assessment and Fine Resolutions related to non- domiciled income tax for the periods 2008 through 2011 and related to Essalud contributions for the periods 2011 and 2012, which are being claimed.
If subject to Bank Tax, an S Corporation must file a Banking Corporation Tax return (generally Form NYC-1).
David J Lynch, "U.S.-Panama Trade Deal May Test Obama Goals: Congress Wants to See Bank, Tax Reforms There First," USA Today, July 31, 2009, p.
If subject to Bank Tax, an S-Corp must file a Banking Corporation Tax return (gen- erally Form NYC-1).
However, the Economic Stimulus Act and the subsequent federal legislation described above will only af- fect the applicable City SUV limits with re- spect to the recovery of costs of Qualified Resurgence Zone property under the Unincor- porated Business Tax (UBT) and the Bank Tax.
More Definitions of Bank Tax
Bank Tax means (i) any Tax based on or measured by net income of a Lender Party, any franchise Tax and any doing business Tax imposed upon any Lender Party by any jurisdiction (or any political subdivision thereof) in which such Lender Party or any lending office of a Lender Party is located and (ii) for the purposes of Section 1.13, any other Tax imposed by a jurisdiction other than the United States or a political subdivision thereof that would not have been imposed but for a present or former connection between such Lender Party or lending office (as the case may be) and such jurisdiction.
Bank Tax means (i) any Tax based on or measured by net income of a Lender, any franchise Tax and any doing business Tax imposed upon any Lender by any jurisdiction (or any political subdivision thereof) in which such Lender or any lending office of a Lender is located and (ii) for the purposes of Section 1.12 (Taxes on Payments), any other Tax imposed by a jurisdiction other than the United States or a political subdivision thereof that would not have been imposed but for a present or former connection between such Lender or lending office (as the case may be) and such jurisdiction.
Bank Tax means any income (including net income), franchise, gains or -------- profits Taxes (or similar Taxes imposed in lieu of such Taxes) that are imposed by any taxing authority in any jurisdiction (including any political subdivision thereof) in which the relevant Bank (or its Lending Office) or the Administrative Agent (as the case may be) is organized, managed or controlled or doing business or would not otherwise be subject to such Taxes but for a present or former connection between such jurisdictions or the taxing authority imposing such Taxes and the Bank or any Person affiliated with such Bank (including, without limitation, a connection arising from such Bank or affiliated Person being or having been a citizen or resident of such jurisdiction, or being or having been, organized, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place or business in such jurisdiction).
Bank Tax any Tax based on or measured by net income, any franchise -------- Tax and any doing business Tax (including any gross receipts Tax in the nature of a doing business Tax), or any tax measured by any similar standard, imposed upon any Lender or the Agent by any jurisdiction (or any political subdivision thereof) in which such Lender or the Agent is located and/or doing business.
Bank Tax means (i) any Tax based on or measured by net income, any franchise Tax and any doing business Tax imposed upon any Bank or any
Bank Tax means any Tax directly or indirectly measured by reference to or imposed as a result of the equity, assets, liabilities, leverage or other exposures to risk of the Lender or of any Affiliate of the Lender, the nature of the activities or transactions undertaken by the Lender or of any Affiliate of the Lender or other similar factors and includes any similar Tax levied or imposed in any other jurisdiction. Base Case Model means the base case cash flow forecast model for the Borrower prepared by the Borrower, such model to detail the Borrower’s cash flow forecast for a minimum of three (3) years of operations and use reasonable assumptions in light of the circumstances or market conditions at the time of delivery.
Bank Tax means (i) any Tax based on or measured by net income of a Lender Party, any franchise Tax and any doing business Tax imposed upon any Lender Party by any jurisdiction (or any political subdivision thereof) in which such Lender Party or any lending office of a Lender Party is located and (ii) for the purposes of Section 1.13, any other Tax imposed by a jurisdiction other than the United States or a political subdivision thereof that would not have been imposed but for a present or former connection between such Lender Party or lending office (as the case may be) and such jurisdiction. "Borrowers" has the meaning ascribed to such term in the preamble hereto. It is the intent of the parties (and a covenant of the Borrowers herein) that each Person which is now or hereafter becomes a direct or indirect Subsidiary of J & J shall at all times after becoming a Subsidiary of J & J be a "Borrower" pursuant to the terms of this Agreement. PR\79666\1 -67-