SSE Business definition

SSE Business means the business and operations conducted by the SSE Group as of the Distribution Date, as such business and operations are described in the Information Statement.
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SSE Business has the meaning set forth in Section 1.1 of the Master Separation Agreement.
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Examples of SSE Business in a sentence

  • Chesapeake is not required to reimburse SSE for the use of the $50x portion of such NOL that arose from the operation or ownership of the SSE Business.

  • The remaining $10x of consolidated net taxable income consists of Tax Items that are deemed to arise from the operation or ownership of the SSE Business.

  • With respect to matters relating to the SSE Business, SSE shall have sole authority in perpetuity to determine whether to assert or waive any or all Privileges, and CHK shall take no action (or permit any of its Subsidiaries to take action) without the prior written consent of SSE that could, in SSE’s Good Faith Judgment, result in any waiver of any Privilege that could be asserted by SSE or any of its Subsidiaries under applicable Law and this Agreement.

  • Tax Benefits (other than Tax Benefits resulting from the Separation Transactions) arising from the operation or ownership of the SSE Business, but only to the extent such Tax Benefits are not taken into account in calculating SSE Taxes under Section 2.1(b)(ii).

  • Similarly, Chesapeake determines in its reasonable discretion that the Tax Benefits consist of (i) $50x of deductions more closely related to the Chesapeake Business and (ii) $50x of deductions more closely related to the SSE Business.

  • Because Chesapeake determines in its reasonable discretion that the 2014 U.S. federal consolidated income Tax Return includes Tax Items attributable to the Chesapeake Business and Tax Items attributable to the SSE Business, it will be a Joint Return.

  • Alternatively, if the $50x of Taxes shown on the Pennsylvania sales Tax Return described above consists of Tax Detriments arising from the operation or ownership of the SSE Business and Tax Detriments arising from the operation or ownership of the Chesapeake Business, such Tax Return will be a Joint Return.

  • In addition, $150x of consolidated net taxable income and no credits arise from the operation or ownership of the SSE Business during the period beginning on July 1, 2014, and ending on December 31, 2014, but, in 2015, a $150x net operating loss (“NOL”) arises from the operation or ownership of the SSE Business.

  • In furtherance of the foregoing, any Asset transferred pursuant to this Section 2.8 to a member of the SSE Group shall be deemed an Asset of the SSE Business, and any Asset transferred to a member of the CHK Group shall be deemed an Asset of the CHK Business.

  • Because such Tax Return includes Tax Items attributable only to the SSE Business, it will be a Separate Return.