FAEH definition
Examples of FAEH in a sentence
Payments of the Source One Group's periodic Federal tax liability (or benefit) calculated pursuant to Section 5 shall be made to FAEH (▇▇ to Source One, as the case may be) at the time, and in the amounts, such payments would be required to be made to (or received from) the IRS as if Source One is a separate affiliated group filing its own tax return(s).
On behalf of the FAEH ▇▇▇up, FAEH ▇▇▇ll be responsible to make all required estimated payments to the IRS required under Code 6655.
Except as expressly authorized in this Agreement or directed by the other party in writing, Source One and FAEH ▇▇▇ll keep confidential the records and other information obtained by reason of this Agreement.
Notwithstanding the provisions of Section 4 above, when calculating the amount of Federal tax due to or from FAEH ▇▇▇ a taxable period, the Source One Group shall be entitled to make, solely on a hypothetical basis, any elections it would have been entitled to make had it been a separate affiliated group as defined in Code 1504(a), totally unrelated to any other members of the FAEH ▇▇▇up.
FAEH ▇▇▇ll not have the right to sell, transfer, delegate or assign this Agreement or its rights or duties to any person, firm or corporation at any time and any proposed assignee shall not acquire any rights nor assume any obligations unless the written consent of the other party(ies) to this Agreement is given before such assignment or delegation takes place.
Payments due Source One (if any) from FAEH ▇▇▇l likewise bear interest unless paid within 45 days after the relevant Source One filing/notice date making demand for such refund.
Interpretations and resolutions of disputes arising from this policy shall be settled by the Chief Financial Officer of FAEH.
Source One and FAEH ▇▇▇nowledge that the payments Source One may be required to make to FAEH (▇▇ receive from FAEH) ▇▇ any particular taxable year pursuant to this Agreement might be greater or less than the tax liability which would be allocated to it under one or more of the Federal tax allocation methods prescribed under Code 1552 and Treasury Regulation 1.1552-1 used for purposes of determining a separate member's earnings and profits ("E&P").
One Group Amounts Due To/From FAEH: ▇ource One shall be liable to pay to FAEH ▇▇ receive from FAEH, ▇▇ the case may be, the Source One Group's share of the FAEH ▇▇▇up's consolidated Federal income tax liability (or benefit).
In addition to the responsibility for making estimated payments on behalf of the FAEH ▇▇▇up, FAEH ▇▇▇ll bear the entire cost of any penalties and interest which may be imposed by the IRS pursuant to Code 6651(b) for failure to pay in a timely manner, provided such penalties are solely as a result of FAEH'▇ ▇▇▇lure to make required payments in a timely manner and not due to any failure on the part of Source One or the Source One Group.