Examples of Pre-Deconsolidation Date Period in a sentence
Except as provided in Section 2.2(c), VeriChip, in turn, shall be entitled to receive all refunds of Taxes attributable to the Pre-Deconsolidation Date Period, if any, that are imposed or incurred by VeriChip or equitably apportioned to VeriChip from either the applicable tax authorities or Applied Digital (in the event such refund(s) have been made directly to Applied Digital).
Notwithstanding the provisions of Section 4.2, the Parties agree that in no event shall Enron file any amended tax return, claim for refund, or make any tax election affecting the Pre-Deconsolidation Date Period that would have any material adverse impact on EOG's financial condition or results of operations without first obtaining the written permission of EOG.
VeriChip shall also provide Applied Digital with access to or copies of any materials requested by Applied Digital which would assist Applied Digital in resolving any tax matters for the Consolidated Group for the Pre-Deconsolidation Date Period.
FOR POST-DECONSOLIDATION DATE PERIOD FILINGS Applied Digital agrees to continue to file any Unitary Tax Returns and allocate Unitary tax liability for the Post-Deconsolidation Date Period in which the operations of VeriChip are reflected in a manner consistent with the methodology followed for the Pre-Deconsolidation Date Period.
EOG shall also provide Enron with access to or copies of any materials requested by Enron which would assist Enron in resolving any tax matters for the Consolidated Group for the Pre-Deconsolidation Date Period.
In the event of an audit by the Internal Revenue Service, or by any state or local tax authority, of a return filed by Applied Digital for the Pre-Deconsolidation Date Period, Applied Digital shall give VeriChip timely and reasonable notice of audit proceedings and VeriChip will provide all necessary information and other assistance reasonably requested by Applied Digital with respect to issues concerning the activities of VeriChip.
Enron, in turn, shall be entitled to receive all refunds of Taxes attributable to the Pre-Deconsolidation Date Period, if any, from either the applicable tax authorities or EOG (in the event such refund(s) have been made directly to EOG), except with respect to the $10.5 million amount set forth in Section 2.3(a) below.
Notwithstanding the provisions of Section 4.2, the Parties agree that in no event shall Applied Digital file any amended tax return, claim for refund, or make any tax election affecting the Pre-Deconsolidation Date Period that would have any material adverse impact on VeriChip’s financial condition or results of operations without first obtaining the written permission of VeriChip.
THE PRE-DECONSOLIDATION DATE PERIOD: Enron shall be liable for, indemnify, and hold EOG harmless for all Taxes (i) imposed on or incurred by EOG for the Pre-Deconsolidation Date Period and (ii) equitably apportioned to EOG by Enron for all tax periods beginning before and ending after the Deconsolidation Date.
As of the date of this Agreement, no Consolidated Minimum Tax Credits have been allocated to EOG or any EOG Entity by Enron based on Consolidated Returns of the Enron Group for the Pre-Deconsolidation Date Period.