CIE Companies definition
Examples of CIE Companies in a sentence
CEC shall pay to the CIE Companies in accordance with Section 3.04 of this Agreement, the amount, if any, by which one or more federal Tax Benefit Items reduced the federal income Tax liability of the CEC Consolidated Group for any taxable period for which a Consolidated Return is filed by CEC after the date of this Agreement.
Subject to Section 6.04, the CIE Companies shall pay to CEC, or CEC shall pay to the CIE Companies, as appropriate, an amount equal to the difference, if any, between the Separate Tax Liability based on such revised pro forma Tax Return and the Separate Tax Liability for such period as originally computed pursuant to this Agreement.
In the event any state Tax Benefit Item for any taxable period after the CIE Companies cease being State Affiliated Companies is eligible to be carried back to a taxable period while the CIE Companies were State Affiliated Companies, the CIE Companies shall, where possible, elect to carry such state Tax Benefit Item forward to subsequent taxable periods.
In the event any federal Tax Benefit Item for any taxable period after the CIE Companies cease being Members of the CEC Consolidated Group is eligible to be carried back to a taxable period while the CIE Companies were Members of the CEC Consolidated Group, the CIE Companies shall, where possible, elect to carry such federal Tax Benefit Item forward to subsequent taxable periods.
Subject to Section 6.04, for taxable periods beginning after the date of this Agreement, all Taxes payable relating to the Tax Returns described in Sections 2.01(b), 2.02(b) and 2.03, as well as any other Taxes owed by the CIE Companies other than Taxes attributable to (i) Tax Returns filed by the CEC Consolidated Group, and (ii) State Combined or Consolidated Returns filed on behalf of the State Affiliated Companies shall be paid by the CIE Companies.
CEC and the CIE Companies desire to set forth their agreement regarding the allocation of Taxes, the filing of Tax returns, the administration of Tax contests and other related Tax matters.
Subject to Section 6.04, for the taxable period of the CIE Companies ending on the Deconsolidation Date, the CIE Companies shall pay to CEC, at the times provided by Section 4.03, the amounts determined under Section 4.02 of this Agreement with respect to such taxable period.
The allocation and payment of Taxes under this Article IV shall be made at the reasonable discretion of CEC, provided that the CIE Companies shall be entitled to review and comment on such computations, and CEC shall consider in good faith any such comments of the CIE Companies with respect to such computations.
The allocation and payment of Taxes under this Article III shall be made at the reasonable discretion of CEC, provided that the CIE Companies shall be entitled to review and comment on such allocations and computations, and CEC shall consider in good faith any such comments of the CIE Companies with respect to such allocations and computations.
Notwithstanding anything to the contrary in this Agreement, the CIE Companies shall have no obligation to make any indemnification or other payment under this Agreement to CEC and its Affiliates with respect to amounts that CEC and its Affiliates have indemnified or are required to indemnify the CIE Companies for pursuant to Section 12 of the Transaction Agreement.