Examples of Subgroup Parent in a sentence
Upon notice from the Parent to the Subgroup Parents of the amount of the Subgroups’ share of the estimated or actual tax payment to be made, each Subgroup Parent shall make payment of its share to the Parent, provided that such required payment to the Parent shall not significantly, and in no case by more than ten business days, precede the time that a consolidated estimated or actual current tax liability would be due to the tax authorities.
Except as otherwise expressly provided in Section ------------ I.1. of this Agreement, the provisions of this Agreement shall apply to any Raised Subsidiary with the same effect as to any other Subgroup Parent.
Each Subgroup Parent shall provide such information to Parent as may be requested by Parent in calculating estimated or actual tax amounts.
BFC, Woodbridge, BBX and Bluegreen will be the Subgroup Parent of their respective Subgroup listed above and on Schedule A, and each Subgroup Parent will be responsible for the payment to and receipt of taxes as provided for in this Agreement.
An amount determined to be payable separately as federal income tax by the Subgroups having taxable income under Paragraph 1, and subject to any adjustment under Paragraphs 6, 7, 8 and 9, shall upon notice to the Subgroup Parent be payable to the Parent, within a reasonable time as set forth in paragraph 11.
Holdings will defend, indemnify and hold harmless each member of the Holdings Group from and against all liability relating to federal income taxes (including interest, penalties and additions to tax), and all costs and expenses described in paragraph 4 hereof, for each taxable year except to the extent that a Subgroup Parent within the Holdings Group has agreed to make a payment in respect of such liability under the provisions of this Agreement which payment has not been made.
For purposes of making the estimated U.S. federal income tax liability computations required by this Agreement, Parent and Subgroup Parent may rely on the same income and loss projections they generally use in their overall tax planning.
As provided herein, the Intercompany Account for each Subgroup Parent shall be credited with any Tax Benefit attributable to such Subgroup Parent's Subgroup or any Subgroup Member thereof and shall be charged with any Tax Liability attributable to such Subgroup Parent's Subgroup or any Subgroup Member thereof.
Any net liability will be settled with the Subgroup Parent in accordance with federal estimated tax payment requirements with final payments/refunds paid within 30 days after Subgroup Parent makes or receives a final payment to or receipt of refund from Parent.
Any amount payable by a Subgroup or a Subgroup Member to TCI (or charged to the Intercompany Account of the appropriate Subgroup Parent) pursuant to this Section F.2. shall be reduced to reflect any amount paid directly by such Subgroup or Subgroup Member to any government or taxing authority to satisfy the increased tax liability taken into account in computing such payment.