Future Tax definition

Future Tax. As defined in the definition of “Impositions”.
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Future Tax is defined in Paragraph 9(a).
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Examples of Future Tax in a sentence

  • Future Tax Assets and Liabilities The Company uses the liability method of tax allocation for accounting for income taxes.

  • In the event that any ad valorem or other future real property tax (“Future Tax”) is decreed or characterized by Law as an income tax and Tenant is thereby prohibited by any applicable Law from paying such Future Tax pursuant to this Paragraph 9(a), Landlord and Tenant agree that Basic Rent shall be adjusted by the amount necessary to provide Landlord the same net yield as Landlord would have received but for the implementation or characterization of such Future Tax.

  • Prior to or on the date the Future Tax takes effect, Landlord shall provide Tenant with notice of the revised Basic Rent under this Lease.

  • Upon the payment in full of all amounts due to the Holders of the Series B Preferred Stock and the Pari Passu Securities, the Common Stock and any other class of Junior Stock shall collectively receive all remaining assets of the Corporation legally available for distribution.

  • Carrying Value of Future Tax Assets The Company's carrying value of future tax assets is assessed, in part, with reference to projected future results.

  • Future Tax Assets and Liabilities Agnico-Eagle follows the liability method of tax allocation for accounting for income taxes.

  • Call Aa3 1,559,406 500 New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries F-1, 5.000%, 11/01/34 5/31 at 100.00 Aa1 677,330 New York City, New York, General Obligation Bonds, Fiscal 2021 Series D: 1,500 1.216%, 8/01/26 No Opt.

  • In addition, and in accordance with Canadian GAAP as set out in EIC 110 "Accounting for Acquired Future Tax Benefits in Certain Purchase Transactions that are not Business Combinations", the Company has recorded a corresponding unrealized benefit on acquisition of tax assets of $104 million taking into account the $16 million purchase price for the losses.

  • Future Tax Liabilities were reduced by $777,000, and opening Retained Earnings were reduced by $2,331,000.

  • Prior to or on the date the Future Tax takes effect, Lessor shall provide Lessee with notice of the revised Fixed Annual Rent under this Lease.

Related to Future Tax

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).

  • input tax , in relation to a vendor, means—

  • Non-Income Tax means any Tax other than an Income Tax.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • Input Tax Credit means the credit of input tax;

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or item of deduction or expense) of a taxpayer (or of the Affiliated Group of which it is a member) for any taxable period.

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.