LS Group definition

LS Group means, for each taxable period, (i) the corporations that comprise the LS Affiliated Group, and (ii) the corporations that would be members of the LS Affiliated Group, but for the fact that they are not includable corporations under Code Section 1504(b).
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Examples of LS Group in a sentence

  • In addition, LS believes separating from Group in this manner will create long-term value for LS, Group and their respective stockholders.

  • Aside from the satisfaction of requirements of the Merger Agreement, we believe the Separation and Distribution will create long-term value for LS, Group and their respective stockholders for the following reasons: · If the Separation, the Distribution and the merger transaction with Pyxis described in the Merger Agreement are successfully consummated, you will effectively be provided with equity investments in two separate companies.

  • For the purposes of calculating whether the above limit has been reached, all claims in respect of which liability has been established against an LS Group Entity in connection with the Series shall be aggregated regardless of whether the claims were made by different persons.

  • LS (or the appropriate member of the LS Group) shall take all tax deductions arising by reason of exercises of such nonqualified stock options to purchase shares of LS stock.

  • If, pursuant to a Final Determination, all or any part of a tax deduction taken pursuant to this Section 7 is disallowed to Solutia, then, to the extent permitted by law, the appropriate member of the LS Group shall take such deduction.

  • The LS Group shall indemnify and hold harmless Solutia and members of the Solutia Group from and against all property and ad valorem taxes allocated to the LS Group hereunder.

  • For purposes of this Section, the term party shall refer to any member of the LS Group and any member of the Solutia Group, as the case may be.

  • Solutia shall make such indemnification payment no later than 7 days after receiving written notice from any member of the LS Group of a Final Determination with respect to such Income Taxes, which notice shall be accompanied by a computation of the amount due.

  • The Solutia Group shall indemnify and hold harmless LS and members of the LS Group from and against all property and ad valorem taxes allocated to the Solutia Group hereunder.

  • To the extent such amount in (ii) as relates to distributions against 1997 taxes exceeds the amount in (i) above, the LS Group shall pay to the Solutia Group such excess by such date.