AfterTax Basis

AfterTax Basis. Means, with respect to any payment to be received (to the extent the receipt of such payment constitutes taxable income to such recipient), the amount of such payment increased so that, after deduction of the amount of all Taxes (taking into account any related credits or deductions claimed in the same or a prior period for which such Taxes are imposed ) with respect to the receipt by the recipient of such amounts, such increased payment is equal to the payment otherwise required to be made.

AfterTax Basis. Means, with respect to any payment, an amount calculated by taking into account the Tax consequences of the receipt of such payment, as well as any Tax benefit associated with the liability giving rise to the payment, in each case calculated on a present value basis using the Agreed Rate.

AfterTax Basis. Shall mean on a basis such that any payment required to be paid on such basis (the "REQUIRED PAYMENT") shall, if necessary, be supplemented by a further payment so that the sum of the two payments, after deduction of the amount of all taxes, penalties, fines, interest and other charges ("TAXES") resulting from the receipt (actual or constructive) of such payments imposed by or under any taxing authority, shall be equal to the Required Payment.

AfterTax Basis. Means that, in determining the amount of the payment necessary to indemnify any party against, or reimburse any party for, Losses, the amount of such Losses will be determined net of any Tax benefit derived by the indemnified party as the result of sustaining such Losses, and the amount of such indemnification payment will be increased (i.e., "grossed up") by the amount necessary to satisfy any Tax liabilities incurred by the indemnified party as a result of its receipt, or right to receive,... such indemnification payment (as so increased), so that the indemnified party is put in the same net after-Tax economic position as if it had not incurred such Losses. View More

AfterTax Basis. Means in respect of any amount received or accrued by any Person (or in the case of a payee which is a pass-through or disregarded entity for the relevant Tax purposes, the Persons who are required to take into account any items of income, gain, loss or deduction with respect to such entity) (the "base amount"), the base amount supplemented by a further payment, if necessary, to such Person such that, after reduction for all Taxes actually imposed on such Person as a result of the receipt or... accrual of the base amount and such further payment (after giving effect to all deductions and credits, if any, actually utilized by such Person arising from the event or circumstance giving rise to the base amount), the net amount received by such Person shall be equal to the base amount. View More