Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of AST, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which AST is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:
Separate Tax Liability. (a) If a Consolidated Return is filed by the E1G Affiliated Group for any taxable year, the Separate Tax Liability of each Member for such taxable year shall, if a positive number, be the sum of (i) the amount determined for such Member pursuant to paragraph (b) hereof, plus or minus, as the case may be, (ii) any increase or reduction in the Member's tentative Separate Tax Liability required by paragraph (c) hereof. To the extent an allocation to a Member under clause (ii) of paragraph (c) hereof reduces a Member's tentative Separate Tax Liability to an amount less than zero, such negative amount shall be referred to herein as a “Tax Sharing Receivable.”
Separate Tax Liability. (a) The Separate Tax Liability of ITGI for each taxable year shall be the amount set forth in paragraph (b) hereof as modified by paragraphs (c) and (d) hereof.
Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of AEIC, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which AEIC is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:
Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of CIA, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which CIA is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:
Separate Tax Liability. For any Tax Year in which CSLIC is included in a consolidated federal income tax return with GLAC, GLAC’s federal income tax liability shall be allocated between CSLIC and the other members of the GLAC Consolidated Group as follows: Periodic computations shall be made of the federal income tax liability of CSLIC, on a hypothetical separate return basis (“Separate Tax Liability”), for each Tax Year, or for any part of a Tax Year during which CSLIC is included in a consolidated federal income tax return with GLAC. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year.
Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of Linsco, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which Linsco is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:
Separate Tax Liability. For each taxable period ending on or after December 31, 1986, with respect to which Parent files, or reasonably anticipates that it will file, a Consolidated Return with the Companies, Parent shall determine the amount of federal income tax and state franchise or income tax that each of the Companies and each of their respective Subsidiaries would have paid (if any) if each of the Companies and each of their respective Subsidiaries had filed Separate Returns for such taxable period (such amount being called herein, with respect to any person, a "Separate Tax Liability"). Each of the Companies shall pay to Parent the amount by which (a) the aggregate of the Separate Tax Liability of such Company, if it has a Separate Tax Liability, and the Separate Tax Liability of each of its Subsidiaries which has a Separate Tax Liability exceeds (b) the aggregate of the Separate Tax Benefit of such Company, if it has a Separate Tax Benefit, and the Separate Tax Benefit of each of its Subsidiaries which has a Separate Tax Benefit. Such payment shall be made in the manner provided in Section 4 below.
Separate Tax Liability. Separate Tax Liability" means (a) with respect to federal Income Taxes other than federal Income Taxes covered in clause (b) below, an amount equal to the Tax liability that Coach and each eligible Coach Affiliate would have incurred if Coach had filed a consolidated return for itself and each eligible Coach Affiliate separate from the Xxxx Xxx Group and any member thereof, (b) with respect to federal, state or local Income Taxes for which Xxxx Xxx will file an Income Tax Return for Coach and/or each Coach Affiliate separate from the Xxxx Xxx Group and any member thereof, an amount equal to the Tax liability that Coach and/or each Coach Affiliate would have incurred if Coach and/or such Coach Affiliate had filed such Income Tax Return for itself, and (c) with respect to all Taxes other than Income Taxes covered in clauses (a) and (b) above, an amount equal to the positive difference between (i) the Tax liability of the Xxxx Xxx Group computed as if Coach and each Coach Affiliate were members of the Xxxx Xxx Group and (ii) the Tax liability of the Xxxx Xxx Group computed without treating Coach and each Coach Affiliate as members of the Xxxx Xxx Group; PROVIDED, that no deficiency with respect to any Tax liability described in (a), (b) or (c) above shall be included in the Separate Tax Liability. Xxxx Xxx shall compute the applicable Tax liability in a manner consistent with (x) general Tax accounting principles, (y) the Code, the Treasury Regulations, and any applicable state or local Tax statutes and Tax regulations and (z) past practice, if any.
Separate Tax Liability. 2.1 For each taxable year ending on or after December 31, 2014, with respect to which the Parent files, or reasonably anticipates that it will file, a Consolidated Return with the Companies, the Parent shall determine the Separate Tax Liability and Net Losses with respect to each Company and each Company shall determine the Separate Tax Liability and Net Losses with respect to each Subsidiary in that Company’s Company Group. Such determination shall be made reflecting the same practice, elections and positions used in preparing the Consolidated Return.
