Future TRAs definition

Future TRAs has the meaning set forth in Section 5.1 of this Agreement.
Sample 1Sample 2Sample 3
Future TRAs has the meaning set forth in Section 5.1.
Sample 1Sample 2Sample 3
Future TRAs is defined in Section 5.1 of this Agreement. “H&F Party” means any TRA Party that is an Affiliate of Xxxxxxx & Xxxxxxxx Capital Partners VIII, L.P., Xxxxxxx & Xxxxxxxx LLC or any of their respective Affiliates, investment funds or successors. For the avoidance of doubt, the Initial TRA Party is an H&F Party. “Hypothetical Tax Liability” means, with respect to any Taxable Year, the sum of (i) the liability for U.S. federal income Taxes of the Corporate Taxpayer using the same methods, elections, conventions and similar practices used on the relevant Corporate Taxpayer Return and (ii) the product of the U.S. federal taxable income of the Corporate Taxpayer determined in connection with clause (i) of this sentence and five percent (5%), but calculated without taking into account the use of Tax Benefits, if any. For the avoidance of doubt, Hypothetical Tax Liability shall be determined without taking into account the carryover or carryback of any Tax item (or portions thereof) that is attributable to the Tax Benefits. “Imputed Interest” means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state or local Tax law, as applicable, with respect to the Corporate Taxpayer’s payment obligations under this Agreement. “Initial TRA Party Distribution” is defined in the Preamble to this Agreement “Interest Amount” is defined in Section 3.1(b) of this Agreement. “IPO” means the initial public offering of Common Stock by the Corporate Taxpayer. “IPO Date” means the closing date of the IPO.
Sample 1

Examples of Future TRAs in a sentence

  • Further, the effect of any Future TRAs (or the benefits on which such Future TRAs are based) shall not be taken into account in respect of any calculations made hereunder.

  • Future TRAs and ETRs should include, as appropriate, involvement of technical staff from sites that represent additional technology deployments, either planned or potential.

  • Notwithstanding any other provision of this Agreement to the contrary, to the extent that PubCo or any of its Affiliates enters into future Tax receivables or other similar agreements ("Future TRAs"), PubCo shall ensure that the terms of any such Future TRA shall provide that the Tax Attributes subject to this Agreement are considered senior in priority to any Tax attributes subject to any such Future TRA for purposes of calculating the amount and timing of payments under any such Future TRA.

Related to Future TRAs

  • Secure transporter means a licensee that is a commercial entity located in this state that stores marihuana and transports marihuana between marihuana facilities for a fee.

  • Instructor means any person employed by the college to conduct classes.

  • Boeing is defined as The Boeing Company, its divisions, subsidiaries, affiliates, assignees of each, and their respective directors, officers, employees, and agents.

  • Full-time student means a person attending or undertaking a full-time course of study and includes a student on a sandwich course;

  • PCI means payment card information including any data related to credit card holders’ names, credit card numbers, or the other credit card information as may be protected by state or federal law.

  • Support Hours means between 8:30am and 5pm during Monday to Friday excluding standard UK Bank Holidays.

  • Participating manufacturer means that term as defined in the master settlement agreement.

  • VFR means the symbol used to designate the visual flight rules;

  • IVR means Interactive Voice Response.

  • Non-Participating Manufacturer means any Tobacco Product Manufacturer that is not a Participating Manufacturer.

  • TTC means telemetry, tracking and control.

  • NSI means net scheduled interchange.

  • HHSC means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Customer Specific Training means a private Course organized on demand specifically for Customer.

  • FMCSA means Federal Motor Carrier Safety Administration.

  • Travel training means providing instruction, as appropriate, to children with significant cognitive disabilities, and any other children with disabilities who require this instruction, to enable them to:

  • Siemens means Siemens AG (Germany) and its Affiliates.

  • Contract Manufacturer means a company that produces goods under contract for another company under the label or brand name of that company.

  • Curriculum means a plan that outlines what students shall be taught. Curriculum refers to all the courses offered, or all the courses offered in a particular area of study.

  • EASA means the European Aviation Safety Agency of the European Union and any successor agency.

  • Cultivation site means a location where cannabis is planted, grown, harvested, dried, cured, graded, or trimmed, or a location where any combination of those activities occurs.

  • Third Party Manufacturer means (i) a Third Party whose primary business is contract manufacturing, or (ii) a Third Party who has a contractual arrangement with Licensee or with a sublicensee of Licensee that includes manufacturing of Client Product and/or Drug Product by such Third Party for Licensee or such sublicensee.

  • DCC means the Dutch Civil Code (Burgerlijk Wetboek);

  • EI means annual energy imported excluding Ew and Ef(GJ/year),

  • Grab sample means an individual sample collected in less than 15 minutes in conjunction with an instantaneous flow measurement.