Tax Benefit

Tax Benefit. Means the Tax savings attributable to any deduction, expense, loss, credit, or refund to the indemnified party or its affiliates, when incurred or received.

Tax Benefit. Shall mean a reduction in the Tax liability of a ----------- taxpayer (or of the group of which it is a member) for any taxable period. Except as otherwise provided in this Agreement, a Tax Benefit shall be deemed to have been realized or received from a Tax item in a taxable period only if and to the extent that the Tax liability of the taxpayer (or of the group of which it is a member) for such period and all prior... periods, is less than it would have been if such Tax liability were determined without regard to such Tax item. View More

Tax Benefit. Means the Tax effect of any refund, credit, or other reduction in otherwise required Tax payments (including any reduction in estimated tax payments) determined at the maximum applicable statutory Tax rate in effect under applicable law during the relevant year.

Tax Benefit. Means an amount by which the Tax liability of an Indemnified Party is reduced (including by (i) deduction, (ii) reduction of income by virtue of increased tax basis or otherwise, or (iii) entitlement to a Tax refund, credit or otherwise).

Tax Benefit. Means the present value of any refund, credit or reduction in otherwise required Tax payments including any interest payable thereon, which present value shall be computed as of the Closing Date or the first date on which the right to the refund, credit or other Tax reduction arises or otherwise becomes available to be utilized, whichever is later, (i) using the combined federal, state and local income Tax rate applicable to the highest level of income with respect to such Tax under the... Applicable Tax Law on such date, and (ii) using the applicable rate on such date imposed on corporate deficiencies paid within 30 days of a notice of proposed deficiency under the Code or other Applicable Tax Law. Any Tax Benefit shall be computed net of any related Tax cost (which shall be computed in the same manner in which Tax Benefits are otherwise computed pursuant to this definition). View More

Tax Benefit. Shall mean the aggregate income tax benefit, expressed in dollars, expected to be realized by the Company (including any successor) or by the Company's shareholders on account of compensation expense deductions with respect to Reimbursable Vested Shares as determined by the Company's independent accountants reasonably and in good faith. In making such determination, the Company's independent accountants: (A) may make reasonable projections or rely on the Company's reasonable projections of... (i) the Company's taxable income, (ii) the Company's dividend distributions, (iii) the proportion of the Company's shareholders who or which are taxable persons and (B) may use an assumed 45% effective aggregate tax rate for the Company's shareholders who or which are taxable persons. View More

Tax Benefit. Any amount by which the Income Tax liability of CHLLC or CAM or any of their respective subsidiaries in any taxable period is actually reduced by a loss, deduction or credit arising as a result of a claim, assessment or adjustment with respect to which a payment was made by CFP pursuant to Section 3.1 of this Tax Agreement, after taking into account all other available losses, deductions and credits

Tax Benefit. Means any item of loss, deduction or tax creditor or any similar item which generally reduces taxable income or taxes payable