Consolidated Federal Income Tax Returns Sample Clauses

Consolidated Federal Income Tax Returns. All consolidated federal income Tax Returns which include a member of the FAF Group and the LAC Group that are required to be filed for periods beginning before the Distribution Date shall be prepared and filed by FAF. LAC shall, for each of such aforesaid taxable periods for which it or any member of the LAC Group is includible in the consolidated federal income Tax Return of the FAF Group, provide FAF with a true, complete, and correct (i) separate federal income Tax Returns for LAC and each member of the LAC Group together with accompanying computations of the separate federal income Tax liabilities of LAC and each member of the LAC Group and (ii) a reconciliation of book income to federal taxable income for LAC and each member of the LAC Group. LAC shall use its best efforts to provide FAF with such Returns and computations on or before the first day of the sixth month following the end of the period to which such Returns and computations relate, but in any event LAC shall provide such Returns and computations no later than the fifteenth day of the sixth month following the end of the period to which such Returns and computations relate. FAF shall notify LAC of the intended filing date of its then due consolidated federal income Tax Return and LAC shall pay FAF at least seven (7) days prior to such filing date the amount of total federal income Tax liability, including without limitation, any alternative minimum tax liability, shown on the above-referenced deemed consolidated federal income Tax Returns for the members of the LAC Group includible in FAF's consolidated federal income Tax Return, reduced by all Estimated Tax payments theretofore made by LAC or any LAC Group member to FAF on account of such Tax liability, or if such Estimated Tax payments in the aggregate exceed the federal income Tax liability of LAC and each member of the LAC Group, FAF shall pay such excess to LAC within thirty (30) days of the filing by FAF of the consolidated federal income Tax Return with respect to which such overpayment relates. Anything herein to the contrary notwithstanding, LAC for itself and each member of the LAC Group shall calculate and shall remit to FAF at least seven (7) days prior to the due date of each FAF Estimated Tax payment for 1998 the Estimated Tax liability, attributable to LAC and each member of the LAC Group on a consolidated basis for the short period beginning on January 1, 1998 and ending on the Distribution Date. FAF agrees to permit LAC G...
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Consolidated Federal Income Tax Returns. (l) A United States consolidated income tax return shall be filed by the Parent Company for the taxable year ending December 31, 1996 and for each subsequent taxable period during which this Agreement is in effect and for which the Affiliated Group is required or permitted to file a United States consolidated income tax return.
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Consolidated Federal Income Tax Returns. Each Subgroup Member agrees to be included in, and Parent agrees to file a consolidated Federal income tax return for each taxable year ("Applicable Period") in which Parent and each Subgroup Member are eligible to file consolidated returns as an affiliated group of corporations, as such term is defined in Section 1504 of the Code.
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Consolidated Federal Income Tax Returns 
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Related to Consolidated Federal Income Tax Returns

  • INCOME TAX RETURNS Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Federal Income Tax Elections The Member shall make all elections for federal income tax purposes.

  • Consolidated Returns CAC, the Seller and the Issuer are members of an affiliated group within the meaning of Section 1504 of the Internal Revenue Code which will file a consolidated federal income tax return at all times until the termination of the Basic Documents.

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Federal Income Tax Matters The Certificateholders acknowledge that it is their intent and that they understand it is the intent of the Depositor and the Servicer that, for purposes of federal income, State and local income and franchise tax and any other income taxes, the Trust will be treated either as a disregarded entity under Treasury Regulation Section 301.7701-3 or as a partnership, and that the Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate agree to such treatment and agree to take no action inconsistent with such treatment. For each calendar quarter, other than periods in which there is only one Certificateholder:

  • Federal Income Tax Allocations Net income of the Trust for any month as determined for federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof) during which the beneficial ownership interests in the Trust are held by more than one Person shall be allocated:

  • Income Tax Return Information Each Company will provide to the other Company information and documents relating to their respective Groups required by the other Company to prepare Tax Returns. The Responsible Company shall determine a reasonable compliance schedule for such purpose in accordance with Distributing Co.'s past practices. Any additional information or documents the Responsible Company requires to prepare such Tax Returns will be provided in accordance with past practices, if any, or as the Responsible Company reasonably requests and in sufficient time for the Responsible Company to file such Tax Returns on a timely basis.

  • Federal Income Taxes For a brief description of the tax effects of an investment in the notes, see “U.S. Federal Income Tax Considerations” on page S-12 of the attached prospectus supplement and page 61 of the attached prospectus.

  • Consolidated or Combined Tax Returns At Parent’s election and in its sole discretion, SpinCo will elect and join, and will cause its Affiliates to elect and join, in filing any Parent State Combined Income Tax Returns and any Joint Returns that Parent determines are required to be filed or that Parent chooses to file pursuant to Section 4.02(b). With respect to any SpinCo Separate Returns relating to any Pre-Distribution Period, SpinCo will elect and join, and will cause its Affiliates to elect and join, in filing consolidated, unitary, combined, or other similar joint Tax Returns, to the extent reasonably determined by Parent.

  • Income Tax Liability Within ten Business Days after the receipt of revenue agent reports or other written proposals, determinations or assessments of the IRS or any other taxing authority which propose, determine or otherwise set forth positive adjustments to the Tax liability of any “affiliated group” (within the meaning of Section 1504(a)(l) of the Code) which equal or exceed $1,000,000 in the aggregate, telephonic or telecopied notice (confirmed in writing within five Business Days) specifying the nature of the items giving rise to such adjustments and the amounts thereof.

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