EFFECTIVE REALIZATION definition
EFFECTIVE REALIZATION. (and the correlative term, "Effectively Realized") means, with respect to a tax saving or tax benefit, the earliest to occur of (i) the receipt by any Parent Affiliate or any Spinco Affiliate of cash from a Taxing Authority reflecting such tax saving or tax benefit, or (ii) the application of such tax saving or tax benefit to reduce (A) the tax liability on a Return of any of such entities or of any Consolidated Group of which any of such entities is a member, or (B) any other outstanding tax liability of any of such entities or of any such Consolidated Group, which application shall, for the avoidance of doubt, be treated as occurring on the due date (taking into account all applicable and valid extensions of such date) for such Return or the date on which the relevant amount is credited.
EFFECTIVE REALIZATION. (and the correlative term, "EFFECTIVELY REALIZED") means, with respect to a tax saving or tax benefit, the earliest to occur of (i) the receipt by any Parent Affiliate or any Spinco Affiliate of cash from a Taxing Authority reflecting such tax saving or tax benefit, or (ii) the application of such tax saving or tax benefit to reduce (A) the tax liability on a Return of any of such entities or of any Consolidated Group of which any of such entities is a member, or (B) any other outstanding tax liability of any of such entities or of any such Consolidated Group, which application shall, for the avoidance of doubt, be treated as occurring on the due date (taking into account all applicable and valid extensions of such date) for such Return or the date on which the relevant amount is credited.
Examples of EFFECTIVE REALIZATION in a sentence
The Centre for Child and the Law, NLSIU is currently implementing the project titled –“TOWARDS EFFECTIVE REALIZATION OF CHILD RIGHT‟S for the period 2013-2017.