Common use of Alternative Minimum Tax Periods Clause in Contracts

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL shall be available for use as an AMT credit in calculating ASL's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL CIA shall be available for use as an AMT credit in calculating ASLCIA's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL ASP shall be available for use as an AMT credit in calculating ASLASP's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL ASLI shall be available for use as an AMT credit in calculating ASLASLI's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL AST shall be available for use as an AMT credit in calculating ASLAST's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL Linsco shall be available for use as an AMT credit in calculating ASLLinsco's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.. 157

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL AEIC shall be available for use as an AMT credit in calculating ASLAEIC's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL ASIC shall be available for use as an AMT credit in calculating ASLASIC's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to ASL ICI shall be available for use as an AMT credit in calculating ASLICI's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.. 148