Pro Forma Return definition

Pro Forma Return shall have the meaning given to such term in Section 9.2.2 herein.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Pro Forma Return shall have the meaning set out in paragraph 7.2(a) of this Schedule.

Pro Forma Return shall have the meaning set forth in Section 5.4(b) of the Agreement.

Examples of Pro Forma Return in a sentence

• Each Pro Forma Return shall be delivered together with a statement showing a calculation of the amount to be paid pursuant to Section 3.05(c) below.

• Any adjustment made by Holdings under this Section 3.05(b) shall be treated for the purposes of Article 3 as though it had always been reflected on such Pro Forma Return.

• If Buyer and Seller are unable to resolve any dispute regarding any Straddle Period Income Tax Return or related Pro Forma Return within five (5) days after Seller delivers such notice of disagreement, then the dispute will be finally and conclusively resolved by the Accountants in accordance with the dispute resolution procedure set forth in Section 2.5(e).

• For all Tax Returns other than Ashland Global Consolidated Returns and Ashland Global Combined Returns (“Separate Returns”), Ashland Global shall prepare and timely file (or cause to be prepared and timely filed) any such Separate Return for a taxable period that (i) ends on or before the Pro Forma Return Start Date or (ii) begins before the Pro Forma Return Start Date and ends after the Pro Forma Return Start Date (a “Straddle Period Return”).

• If a Pro Forma Return reflects a Tax Asset of a member of the Tronox Group that may under applicable law be used to reduce a Federal Tax or a Combined Tax of the Distributing Group for any Pre-Deconsolidation Period, Distributing shall pay to Tronox an amount equal to the actual Tax savings produced by such Tronox Group Tax Asset at the time such Tax savings is realized by the Distributing Group.

• For purposes of this Section 4.08, the taxable period of any partnership, passthrough entity or controlled foreign corporation (within the meaning of Section 957(a) of the Code or any comparable provision of state, local or foreign Law) in which a member of the Valvoline Group holds a beneficial interest shall be deemed to terminate on the close of business on the day prior to the Pro Forma Return Start Date.

• Seller shall provide written notice to Buyer of its disagreement with any items in such Straddle Period Income Tax Return or related Pro Forma Return within ten (10) days of its receipt of such Straddle Period Income Tax Return or related Pro Forma Return, and if Seller fails to provide such notice, such Straddle Period Income Tax Return, and any related Pro Forma Return, shall become final and binding upon the parties hereto, and Buyer shall timely and properly file such Straddle Period Income Tax Return.

• Any provision of the Code that requires consolidated computations, such as Section 861 and 1231, shall be applied separately to the Aquila Affiliated Group for purposes of preparing the Aquila Pro Forma Return.

• If a Kraft Pro Forma Return reflects a Tax Asset that may under applicable law be used to reduce a Federal Income Tax or Combined State Tax liability of the Altria Non-Food Group for any taxable period, Altria shall pay to Kraft, or shall reduce the amount owed by Kraft to Altria by, an amount equal to the actual tax saving produced by such Tax Asset within thirty days after such tax saving has been Effectively Realized by the Altria Non-Food Group.

• Each Pro Forma Return shall be delivered together with a statement showing a calculation of the amount to be paid pursuant to Section 2.3(b).

More Definitions of Pro Forma Return

Pro Forma Return has the meaning set forth in Section 2.3(b).

Pro Forma Return has the meaning set forth in Section 10.1(b).

Pro Forma Return means, with respect to any Property, the projected pro forma Internal Rate of Return for such Property set forth in Exhibit DD attached hereto.