Tax Sharing Payment definition

Tax Sharing Payment means any payment made pursuant to the Tax Sharing Agreement.
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Tax Sharing Payment means the payment made by Purchaser to Seller pursuant to Section 9.3(a) of the Agreement, taking into account any adjustments pursuant to clause (i), (iii) or (iv) of Section 9.3(a) of the Agreement.
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Tax Sharing Payment has the meaning set forth in Section 2.3(c).
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Examples of Tax Sharing Payment in a sentence

  • Schedules to the Agreement (Continued) (d) The Independent Tax Professional shall deliver to the Buyer, HWCC and Greate Bay, as promptly as practicable and in any event within 10 days after its appointment, a written report setting forth its determination of the Tax Sharing Payment.

  • Each Party shall be liable for and shall pay the Taxes allocated to it by this Section 2 either to the applicable Tax Authority or to the other Party as a Tax Sharing Payment in accordance with Section 4 and the other applicable provisions of this Agreement.

  • The computation and settlement of any such Supplemental Intercompany Tax Sharing Payment shall be performed no less frequently than annually.

  • Each Party shall be liable for, shall pay to the applicable Tax Authority or to the other Party as a Tax Sharing Payment, as applicable, and shall indemnify and hold harmless the other Party (and its Affiliates) for any Taxes allocated to the Party under the Agreement.

  • Tax Sharing Payment: shall have the meaning ascribed to such term in ------------------- subsection (b) of Section 5.2.

  • At least three days before the due date, without extension, of the Consolidated Return for each taxable year (a "Return Payment Date"), each International Subsidiary shall pay to Parent any portion of its Tax Sharing Payment for such taxable year that was not previously paid to Parent pursuant to the previous paragraph.

  • For purposes of this Section 1203(c) “Benefit Amount” means, with respect to any Tax Sharing Payment, an amount equal to the tax benefit to the Affiliated Group (as defined in the definition of Tax Sharing Agreement) of the interest expense on the Securities for the period to which such Tax Sharing Payment relates.

  • In the case of the Loan Parties, cause each Tax Sharing Payment to be made to or by such Loan Party to be made to or from an account maintained with Citibank.

  • Notwithstanding anything herein to the contrary, any Tax Sharing Payment to be made by PGE or PGH II with respect to any taxable period shall not exceed an amount equal to the hypothetical Tax liability of each such entity with respect to such taxable period calculated on a separate company basis as if PGE and PGH II were not members of Seller's consolidated group or, if applicable, any combined or unitary state group.

  • Such report shall be final and binding upon all of the parties hereto for purposes of the Tax Sharing Payment.


More Definitions of Tax Sharing Payment

Tax Sharing Payment has the meaning provided in Section 5.03.
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Tax Sharing Payment means any amount paid to the Borrower on account of the Tax Sharing Agreement.
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Tax Sharing Payment shall have the meaning set forth in Section 6.3(a).
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Related to Tax Sharing Payment

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Tax Sharing Arrangement means any written or unwritten agreement or arrangement for the allocation or payment of Tax liabilities or payment for Tax benefits with respect to a consolidated, combined or unitary Tax Return which includes the Company.

  • Tax Sharing Agreement means any Tax indemnity agreement, Tax sharing agreement, Tax allocation agreement or similar contract or arrangement, whether written or unwritten (including, without limitation, any such agreement, contract or arrangement included in any purchase or sale agreement, merger agreement, joint venture agreement or other document).

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • 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).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Sharing Agreements means all existing agreements or arrangements (whether or not written) binding the Company or any of its Subsidiaries that provide for the allocation, apportionment, sharing or assignment of any Tax liability or benefit, or the transfer or assignment of income, revenues, receipts, or gains for the purpose of determining any Person’s Tax liability.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Tax Indemnity means the deed of covenant against taxation, in the Agreed Terms, to be entered into on the Closing Date between the Seller and the Purchaser;

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Termination Payments has the meaning specified in Section 10(a).

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • recurring payments “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. Refunds to your account How refunds can happen We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. Risks when receiving refunds The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Tax Distribution has the meaning set forth in Section 4.4.