General Allocation Method Sample Clauses
The General Allocation Method clause defines how costs, revenues, or other financial elements are distributed among parties or accounts within an agreement. Typically, this clause outlines the basis for allocation—such as proportional use, fixed percentages, or another agreed formula—and may specify the timing and documentation required for such allocations. Its core practical function is to ensure a fair and transparent process for dividing shared financial responsibilities or benefits, thereby reducing disputes and providing clarity for all parties involved.
General Allocation Method. Each taxable year, the members of the Group shall allocate the consolidated tax or consolidated refund in accordance with the following procedures:
(a) A member, to include Ameren Corporation, that would have a positive separate return tax shall receive a positive allocation in an amount equal to such positive separate return tax.
(b) A member, other than Ameren Corporation, that would have a negative separate return tax shall receive a negative allocation in an amount equal to such negative separate return tax.
(c) If Ameren Corporation would have a negative separate return tax, then each member having positive separate return tax shall receive a negative allocation in an amount equal to such negative separate return tax multiplied by the member's allocation ratio of the sum of the positive separate return tax.
General Allocation Method. The members of the Group shall allocate the consolidated tax or consolidated refund in accordance with the procedures set forth below. The result of the following provisions shall be referred to as a positive allocation or a negative allocation, as the case may be.
(a) The total consolidated tax liability, after all losses and credits allowed in arriving at the consolidated tax liability, shall be apportioned initially to each member in an amount equal to the ratio which that portion of the consolidated taxable income attributable to each member having positive separate company taxable income bears to the combined taxable income of those members having positive separate company taxable income.
(b) If the consolidated tax liability apportioned to a member in paragraph (a) is less than the consolidated tax liability of such member computed on a separate return basis, such member shall pay the difference to Alliant Energy Corporation, in addition to the amount determined under paragraph (a); the member(s) having separate company taxable loss to whom tax reduction is attributable shall receive credit for such tax reduction and shall receive payment pursuant to such credit from Alliant Energy Corporation pursuant to the provisions of Section 4.
(c) Alliant Energy Corporation shall not receive payment for any tax reduction allowed under paragraph (b) above. If Alliant Energy Corporation receives credit for a tax reduction pursuant to paragraph (b), then each member having positive taxable income shall be entitled to receive a portion of the tax reduction using the allocation method in paragraph (a) above. Members having a taxable loss shall not participate in the allocation of Alliant Energy Corporation's tax reduction.
General Allocation Method. Each taxable year, the Group shall allocate the Consolidated Tax or Consolidated Refund in accordance with the following procedures:
(a) A Member that would have a Positive Separate Return Tax shall receive a Positive Allocation in an amount equal to such Positive Separate Return Tax.
(b) A Member, other than Ameren, that would have a Negative Separate Return Tax shall receive a Negative Allocation in an amount equal to such Negative Separate Return Tax to the extent that the loss which resulted in the Negative Separate Return Tax of such Member is used in the consolidated return of the Group. In the event that more than one Member has a loss in a year, the portion of any Member’s loss used in the consolidated return shall be the same as the portion of all Members’ losses used in the consolidated return of the Group. To the extent a Member, other than Ameren, has a loss in excess of the loss that resulted in a Negative Allocation under this paragraph, the Negative Separate Return Tax attributable to such excess loss shall be treated as Negative Separate Return Tax in following years until used in the manner as provided by this paragraph.
(c) If Ameren would have a Negative Separate Return Tax, then each Member having a Positive Separate Return Tax shall reduce its Separate Return Tax by an amount equal to Ameren’s Negative Separate Return Tax multiplied by the ratio of (i) the Member's Positive Separate Return Tax to (ii) the sum of the Positive Separate Return Tax of all Members before this reduction is made.