Common use of Tax Charge Clause in Contracts

Tax Charge. In accordance with the method set forth in Code Sections 1552(b) and 1552(a)(1) and Regulation Section 1.1552-1(a)(1), the consolidated Federal regular income tax liability will be apportioned among the Members in accordance with the ratio which that portion of the consolidated taxable income attributable to each Member having taxable income bears to the sum of the taxable incomes of all such Members. Each Member will pay the parent of the Consolidated Group its allocated consolidated Federal tax liability as determined hereunder and pursuant to the Settlement provisions of Section 3.8 of this Agreement;

Appears in 2 contracts

Samples: Tax Sharing Agreement (Hartford Life Inc), Tax Sharing Agreement (Hartford Life Inc)

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Tax Charge. In accordance with the method set forth in Code Sections 1552(b) and 1552(a)(1) Section 1552 and Regulation Section 1.1552-1(a)(1l(a)(l), the consolidated Federal regular income tax liability will be apportioned among the Members in accordance with the ratio which that portion of the consolidated taxable income attributable to each Member having taxable income bears to the sum of the taxable incomes of all such Members. Each Member will pay the parent of the Consolidated Group its allocated consolidated Federal tax liability as determined hereunder and pursuant to the Settlement settlement provisions of Section 3.8 3.7 of this Agreement;

Appears in 1 contract

Samples: Tax Sharing Agreement (Fox Entertainment Group Inc)

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Tax Charge. In accordance with the method set forth in Code Sections 1552(b) and 1552(a)(1) and Regulation Section 1.1552-1(a)(1), the consolidated Federal regular income tax liability will be apportioned among the Members in accordance with the ratio which that portion of the consolidated taxable income attributable to each Member having taxable income bears to the sum of the taxable incomes of all such Members. Each Member will pay the parent of the Consolidated Group its allocated consolidated Federal tax liability as determined hereunder and pursuant to the Settlement provisions of Section 3.8 of this Agreement;; (b)

Appears in 1 contract

Samples: Tax Allocation Agreement (Great American Financial Resources Inc)

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