Separate Return Tax definition

Separate Return Tax means the tax on the Corporate Taxable Income of a corporation which is a Member computed for purposes of this Agreement as though such company were not a Member of a consolidated group.

Separate Return Tax means the federal income tax liability or federal income tax refund, computed with respect to the corporate taxable income or loss of a member of the Group as though the member were not a member of the Group. If the separate return tax is a liability, it shall be referred to as a "positive separate return tax." If the separate return tax is a refund, it shall be referred to as a "negative separate return tax."

Separate Return Tax has the meaning of separate return tax set forth in Reg. Section 250.45(c)(1) to Rule 45 under the Act.

Examples of Separate Return Tax in a sentence

• Nothing herein shall be deemed to preclude or require any allocation of the Separate Return Tax Liability of Cavco among or between Cavco and its Subsidiaries, if any.

• The amount and due dates of estimated tax payments to be made by Cavco to Centex shall be determined by Centex, but shall not be, in the aggregate, less than the Cavco Group's Separate Return Tax Liability for the immediately preceding taxable period.

• Centex shall apply such credit against the Separate Return Tax Liability of the Cavco Group as provided above with respect to any taxable period as of the first installment date for such year.

• The left-hand (right-hand) side bar refers to Reuters (EBS) data.

• In the case of PFHC and PFHC Subsidiaries, the amount of the Separate Return Tax Benefit for any year shall be computed as if PFHC had filed a consolidated Federal income tax return for such year and for all prior years on behalf of itself and all other PFHC Subsidiaries that were includible corporations described in Section 1504(a)(1) of the Code.

More Definitions of Separate Return Tax

Separate Return Tax means the federal regular and alternative minimum income tax liability or federal income tax refund, computed with respect to the Corporate Taxable Income or Loss and Book Income of a Member as though the Member were not a Member, and without regard to whether the Member itself is an Applicable Corporation under the alternative minimum tax as provided in IRC section 55(b) if the Group is subject to the alternative minimum tax. If the Separate Return Tax is a liability, it shall be referred to as a "Positive Separate Return Tax." If the Separate Return Tax is a refund, it shall be referred to as a "Negative Separate Return Tax."

Separate Return Tax has the meaning set forth in Section 9.5(b). A “Series” of Class B Common Units means the Class B-1 Common Units, the Class B-2 Common Units, the Class B-3 Common Units or any other Class B Common Units that have the rights and preferences specified for a particular Series of Class B Common Units in a Class B Common Unit Designation. A “Series” of any of Class of New Units will be each Series, if any, described in the applicable New Units Designation.

Separate Return Tax is defined in Section 10.8.

Separate Return Tax means the tax on the corporate taxable income of a member computed as though the member were taxable as a corporation filing a separate tax return and were not a member of a consolidated group. For purposes of computing the separate return tax of a member which is a limited liability company, such member shall be considered to possess and be entitled to use losses, carryovers, tax credits and other tax attributes (1) attributable to a predecessor of such member taxable as a corporation or (2) arising while such member is a limited liability company.

Separate Return Tax has the meaning given such term in Section 9.2.

Separate Return Tax means, with respect to any tax year, the “separate return” tax liability of a Member as determined pursuant to Section 1.1552-1(a)(2)(ii) of the Treasury Regulations or applicable state or local tax laws, except that such determination shall not take into account any net operating losses or tax credits which are not utilized in the computation of Consolidated Tax Liability.

Separate Return Tax is the tax on the corporate taxable income or loss of an associate company as though such company were not a member of a consolidated group. Attached hereto as Exhibit A is a true, correct and complete copy of the By-Laws of the Investor (the "By-Laws"), as in full force and effect on and as of the date hereof. No amendment or other document relating to or affecting the By-Laws has been authorized by the Board of Directors of the Investor and no action has been taken by the Investor or the Board of Directors of the Investor in contemplation of any such amendment. These definitions shall apply, as appropriate, in the context of the regular income tax and the Alternative Minimum Tax ("AMT") unless otherwise indicated in the Agreement.