Income Tax Liability definition

Income Tax Liability means any Liability of SM Energy or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of SM Energy or any of its Affiliates that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in or the operation of the Assets.

Income Tax Liability means any Liability of SM Energy or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the income of SM Energy or any of its Affiliates that was or is attributable to SM Energy’s or any of its Affiliates’ ownership of an interest in or the operation of the Assets.

Income Tax Liability means any income tax in respect of PAYE income for the purposes of section 683 Taxes Act (or the equivalent in any jurisdiction outside England & Wales).

Examples of Income Tax Liability in a sentence

• SM shall indemnify Mitsui for all of SM’s Income Tax Liability and Franchise Tax Liability associated with the transactions contemplated by this Agreement.

• All sales, use or other similar taxes, duties, levies, recording fees or other governmental charges (but, for the avoidance of doubt, not including any Asset Taxes, Franchise Tax Liability, or Income Tax Liability), if any, incurred by or imposed with respect to the property transfers undertaken pursuant to this Agreement (“Subject Transfer Taxes”), if any, shall be the responsibility of, and shall be paid by, the Buyers (in accordance with their respective Proportionate Shares).

• The Income Tax Liability with regards to the Employee’s salary and perks will be the Employee’s liability and will be governed by the tax laws of the country as applicable from time to time.

• The Stockholders shall reimburse Buyer for Income Taxes of Central with respect to such periods within fifteen (15) days after payment by Buyer or Central of such Income Taxes to the extent such Income Taxes are not reflected in the reserve for Income Tax Liability (rather than any reserve for deferred Income Taxes established to reflect timing differences between book and Tax income) shown on the face of the Closing Balance Sheet.

• For each taxable year ending prior to the Deconsolidation Year and beginning on or after the Effective Date, the ESG Group shall be liable to Halliburton for an amount equal to the ESG Group Federal Income Tax Liability and the ESG Group Combined Tax Liability.

More Definitions of Income Tax Liability

Income Tax Liability means any Liability of Seller or any of its Affiliates attributable to any federal, state, or local income tax measured by or imposed on the net income of Seller or any of its Affiliates that was or is attributable to Seller’s or any of its Affiliates’ ownership of an interest in or the operation of the Conveyed Interests.

Income Tax Liability means the net amount of Income Taxes due and paid or payable for any taxable period, determined after applying all tax credits and all applicable Carrybacks or carryovers for net operating losses, net capital losses, unused general business tax credits, or any other relevant adjustments.

Income Tax Liability means any Liability of Seller or its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income, profits, revenue or similar measure that was or is attributable to (a) RTP’s ownership of the RTP Assets or (b) EAOC’s ownership of the EAOC Assets.

Income Tax Liability means any liability for Income Taxes.

Income Tax Liability means any Liability of EXCO or any of its Affiliates attributable to any federal, state or local income Tax measured by or imposed on the net income of EXCO or any of its Affiliates for any period or portion thereof ending on or before the Closing Date.

Income Tax Liability means any Liability of Seller or its Affiliates attributable to any Income Tax that was or is attributable to Seller’s ownership of the Assets.

Income Tax Liability means any liability for federal, state, local or foreign income, business and occupation or similar taxes, and any interest, fines or penalties relating thereto, owing by any FAST Operating Entity to any Governmental Authority attributable to the operations and activities of the FAST Operating Entities for any period ending on or prior to the Closing Date, including, without limitation, taxes, and any interest, fines or penalties relating thereto, for a partial year ending on the Closing Date, which shall be calculated on the assumption that the books are closed on the Closing Date and that taxes are due on the Closing Date;