Common use of AMT Clause in Contracts

AMT. To the extent that additional AMT arises in a prior period Consolidated Return from a carryback of a Tax Item, then such AMT will be allocated to the Member giving rise to such carryback and such Member will be entitled to recover any Net Reversal Benefit resulting from any AMT credit carryforwards associated with such AMT.

Appears in 3 contracts

Sources: Tax Sharing Agreement (Fox Entertainment Group Inc), Tax Sharing Agreement (Hartford Life Inc), Tax Sharing Agreement (Hartford Life Inc)