Combined State Income Tax Returns Sample Clauses

Combined State Income Tax Returns. For any taxable period (or portion thereof) that ends before or includes the Split-Off Date and for which a State Income Tax is determined on the basis of a Combined State Income Tax Return, (x) where Level 3 or a member of the Level 3 Group is the entity responsible for filing the Combined State Income Tax Return, Level 3 shall be responsible for the timely payment of the estimated and total Combined State Income Tax Liability and Non-Apportionment State Income Tax Liability of the Combined Group to the appropriate Taxing Authority and (y) where Kiewit or a member of the Kiewit Group is the entity responsible for filing the Combined State Income Tax Return, Kiewit shall be responsible for the timely payment of the estimated and total Combined State Income Tax Liability and Non-Apportionment State Income Tax Liability of the Combined Group to the appropriate Taxing Authority. Prior to the Due Date of any such Combined State Income Tax Return that is filed by or the responsibility of Level 3 or a member of the Level 3 Group hereunder, Kiewit shall pay to Level 3 an amount equal to (x) the Taxes, if any, allocated to the Kiewit Group under this Article III with respect to such Combined State Income Return, less (y) any estimated Tax, deposits or other amounts paid (or deemed to be paid under Section 3.3(f)) by a member of the Kiewit Group to the appropriate state Taxing Authority or to a member of the Level 3 Group or the PKS Group in respect of such Taxes for such period. Prior to the Due Date of any such Combined State Income Tax Return that is filed by or the responsibility of Kiewit or a member of the Kiewit Group hereunder, Level 3 shall pay to Kiewit an amount equal to (x) the Taxes, if any, allocated to the Level 3 Group under this Article III with respect to such Combined State Income Tax Return, less (y) any estimated Tax, deposits or other amounts paid (or deemed to be paid under Section 3.3(f)) by a member of the Level 3 Group to the appropriate Taxing Authority or to a member of the Kiewit Group in respect of such Taxes for such period.
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Related to Combined State 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.

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

  • 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.

  • Tax Return “Tax Return” shall mean any return (including any information return), report, statement, declaration, estimate, schedule, notice, notification, form, election, certificate or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.

  • 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:

  • Tax Returns; Taxes Except as otherwise disclosed on Schedule 3.13:

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

  • Tax Returns Except as set forth on Schedule 3.13:

  • Income Tax Matters (i) In order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll, withholding, income or other taxes, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant.

  • Amended Tax Returns (a) Subject to Section 4.4 and notwithstanding Section 2.1 and Section 2.2, a Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Pre-Distribution Tax Period or a Straddle Tax Period for members of its Tax Group shall be permitted to prepare and file an amended Tax Return at its own cost and expense; provided, however, that (i) such amended Tax Return shall be prepared in a manner consistent with (and the Parties and their Affiliates shall not take any position inconsistent with) past practices of the Parties and their Affiliates or supported by an unqualified reasoned “should” or “will” opinion of a Qualified Tax Advisor, unless otherwise modified by a Final Determination or required by applicable Law, the IRS Ruling, the Tax Representation Letters, or the Tax Opinions; and (ii) if such amended Tax Return could result in one or more other Parties becoming responsible for a payment of Taxes pursuant to Article III or a payment to a Party pursuant to Article IX, such amended Tax Return shall be permitted only if the consent of such other Parties is obtained. The consent of such other Parties shall not be withheld unreasonably and shall be deemed to be obtained in the event that a Party (or its Subsidiary) is required to file an amended Tax Return as a result of an Audit adjustment that arose in accordance with Article IX.

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