Consolidated Tax Expense definition

Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

Consolidated Tax Expense means, for any period with respect to any Relevant Taxing Jurisdiction, the provision for all national, local and foreign federal, state or other income taxes of the Parent Guarantor and the Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with IFRS.

Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

Examples of Consolidated Tax Expense in a sentence

• Allocation of Consolidated Tax Expense to an Acquired Entity after an Acquisition FASB Statement No. 109, Accounting for Income Taxes, was issued in February 1992 and became effective for fiscal years beginning after December 15, 1992.

• Allocation of Consolidated Tax Expense to Separate Financial StatementsFASB’s the proposed amendment to paragraph 740-10-30-27 (as articulated in basis for conclusion paragraph BC #13) is not consistent with the U.S. federal tax treatment of single member LLCs. Under IRS rules, the owner and the LLC are viewed as “one and the same”, notwithstanding the legal “separation” of LLC’s liability from the owner.

• Consolidated EBITDAR for the period of the four fiscal quarters of Holdings most recently ended minus (B) Consolidated Tax Expense paid in cash for such period, to (ii) Consolidated Fixed Charges for the period of the four fiscal quarters of Holdings most recently ended.

More Definitions of Consolidated Tax Expense

Consolidated Tax Expense means, with respect to any Person for any period, the aggregate of the U.S. Federal, state and local tax expense attributable to taxes based on income and foreign income tax expenses of such Person and its Consolidated Subsidiaries for such period (net of any income tax benefit), determined in accordance with GAAP other than taxes (either positive or negative) attributable to extraordinary or unusual gains or losses or taxes attributable to sales or dispositions of assets.

Consolidated Tax Expense means, with respect to any Person for any Test Period, taxes based on gross receipts, income, profits or capital, franchise, excise or similar taxes, and foreign withholding taxes, of such Person and its Restricted Subsidiaries for such Test Period, including (1) penalties and interest related thereto and (2) tax distributions made to any direct or indirect holders of Equity Interests of such Person in respect of any such taxes.

Consolidated Tax Expense means for any period the aggregate of the federal, state, local and foreign income tax expenses of the Company and its Consolidated Subsidiaries for such period determined on a consolidated basis in accordance with generally accepted accounting principles.

Consolidated Tax Expense means, for any fiscal period of the Borrower, tax expense of the Consolidated Companies for such period determined on a consolidated basis in accordance with GAAP.

Consolidated Tax Expense means, with reference to any period, the tax expense of BEM and its Subsidiaries calculated on a Consolidated basis for such period.

Consolidated Tax Expense for any period, provision for cash income taxes made by the Borrower or any of its Subsidiaries for such period on a consolidated basis.

Consolidated Tax Expense means, for any period, the provision for U.S. federal, state, provincial, local and foreign income taxes of the Company and the Restricted Company Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.