Common use of SEPARATE RETURN LIMITATION Clause in Contracts

SEPARATE RETURN LIMITATION. In no event shall the amount of tax allocated to any Member under this Agreement be more than the Member would have been liable for had it filed on a separate return basis.

Appears in 1 contract

Sources: Tax Sharing Agreement (Gainbridge Life Insurance Co)

SEPARATE RETURN LIMITATION. In no event shall the amount of tax allocated to any Member member under this Agreement the agreement be more than the Member member would have been liable for paid if it had it filed on a separate return basis.

Appears in 1 contract

Sources: Federal Income Tax Sharing Agreement (Riversource Life Insurance Co)