TDS Group definition
Examples of TDS Group in a sentence
Borrower and certain of its affiliates (collectively, the "TDS Group") wish to construct a two-phase residential development (the "Project") on a certain parcel of real property owned in the name of Borrower, consisting of approximately 122 acres located on ▇.▇.
In consideration of the Tax Settlement Payment, the amount of the net operating and capital losses and tax credits of the Aerial Group taken into account under the Tax Allocation Agreement shall be adjusted to exclude the net operating and capital losses and tax credits attributable to the Aerial Group that are absorbed by the TDS Group in periods ending on or before December 31, 1999.
TDS shall pay Aerial the adjustment to the Tax Settlement Payment provided by this Section within 10 days after the Departure Date (or December 31, 1999 in the event that Aerial is a member of the TDS Group of January 1, 2000), plus interest on such adjustment as provided in Section 9.
API shall, and shall cause the other members of the API Group to, purchase materials and equipment from members of the TDS Group on the same basis as materials and equipment are purchased by members of the TDS Group from other members of the TDS Group.
If Aerial ceases to be a member of the TDS Group (on account of such distribution or the consummation of another transaction) on a later date (the "Departure Date"), the adjustments set forth on Exhibit A shall be made.
For purposes of this Article III, the term "Information" means any books, records, contracts, instruments, data, facts and other information in the possession or under the control of either the members of the TDS Group or of the API Group necessary or desirable for use in legal, administrative or other proceedings and, in the case of Information to be provided by the API Group to TDS, for auditing, accounting and tax purposes.
Within 30 days after filing the consolidated federal income tax return of the TDS Group for the consolidated return year ending December 31, 1999 (the "1999 Return"), TDS shall provide to Aerial a statement setting forth the amount of the consolidated net operating and capital losses of the TDS Group that are attributable to the Aerial Group as of the close of such consolidated return year (the "Adjusted Aerial Losses").
Services provided hereunder to the TDS Group by members of the API Group shall be provided on request of any officer of TDS desiring Services to be provided to the members of the TDS Group.
With respect to Services, the parties acknowledge that certain agreements relating to specific services to be provided and the terms of payment therefor have been, and may in the future be, entered into between members of the API Group and members of the TDS Group.
The Tax Settlement Model is based on estimates of the taxable income or loss of the members of the TDS Group for the consolidated return year ended December 31, 1998 (the "1998 Results").