definiens: means the Tax effect of any Tax Item that decreases Taxes paid or payable, including any interest with respect thereto or interest that woul d have been payable but for such item . For purposes of determining the amount and timing of any Tax Benefi t, the recipient of the Tax Benefit shall be deemed to realize or utilize any Tax Benefit as and when such recipient actually receives such Tax Benefit in th e form of a reduction in the amount of Taxes that would otherwi se be payable, including as a credit against estima ted Taxes, or actually receives such Tax Benefit in the form o f a cash refund, with the amount of such Tax Benefi t being determined on a basis taking the Tax Item into account by treating it as the last i tem available in computing taxable income and as having been used after any other Tax attribute, and such Tax Benefi t shall be determined net of any Tax detriments ( including reduction of Tax basis of any asset ) attributable t o any Loss generating the Tax Item giving rise to such Tax Ben efit