Deferred Taxes. The Company and each Company Subsidiary have accounted for deferred income taxes in accordance with GAAP.
Deferred Taxes. The Parent Corporation and each Parent Corporation Subsidiary have accounted for deferred income taxes in accordance with GAAP.
Deferred Taxes. The Company and each of its subsidiaries and, to the Company's knowledge, each Company Joint Venture have accounted for deferred income taxes in accordance with GAAP.
Deferred Taxes. The adjustment reflects an increase of $3,622.4 million in deferred tax liabilities associated with the recording of new identifiable intangible assets for the combined company. This amount was calculated using a tax rate of 37.92%, which represents Express Scripts’ and Medco’s estimated blended rate for the year ended December 31, 2011, which approximates the relevant statutory rate. This was offset by an additional adjustment of $298.1 million associated with the portion of replacement stock options and restricted stock units allocated to the purchase price. The actual amounts recorded for deferred taxes may differ materially from the pro forma amounts presented herein.
Deferred Taxes. No Bank Subsidiary shall have any obligation to pay up to the Parent any portion of their respective federal income tax liability which is properly deferred in accordance with generally accepted accounting principles until such time as such deferred taxes shall become currently payable.
Deferred Taxes. The Subsidiaries shall maintain on its general ledger an accounting of its deferred tax liability. The deferred tax liability shall not be paid up to the Parent. All amounts computed and paid shall be based on the current tax liability.
Deferred Taxes. The Subsidiaries and Parent agree that there will be no transfer between the entities of deferred tax liabilities or assets.
Deferred Taxes. Within sixty (60) days after the Closing Date and in connection with the preparation of the Final Closing Balance Sheet, RSI shall prepare and deliver to Allied a deferred tax inventory worksheet (the "Worksheet") setting forth the amount of deferred taxes for the Acquired Ryder Entities. It is anticipated that the Worksheet will be based on the Final Closing Balance Sheet of the Acquired Ryder Entities. To the extent there is any change in the amount of deferred taxes set forth in the Interim Closing Balance Sheet and the Final Closing Balance Sheet, the Purchase Price shall be adjusted in accordance with Section 1.5. On or before the dates the Tax Returns are filed but in no event later than September 30, 1998, RSI shall revise the Worksheet to take into account any final adjustments in the amount of deferred taxes based upon completion of all Income Tax Returns covering any pre-closing period for all Acquired Ryder Entities. RSI shall pay Allied the net amount of any increase in the net deferred Tax Liability of the Acquired Ryder Entities as reflected on the revised Worksheet, and Allied shall pay RSI the net amount of any decrease in the net deferred Tax Liability of the Acquired Ryder Entities as reflected on the revised Worksheet. If there are any subsequent tax assessments or refunds for any of the Acquired Ryder Entities relating to a period ending on or before the Closing Date that result in a change in the amount of deferred taxes as reflected on the Worksheet, RSI shall pay to Allied the amount of any increase in net deferred Tax Liability or Allied shall pay to RSI the amount of any decrease in net deferred Tax Liability, as the case may be. To the extent any adjustment provided in Section 3.12(a) is duplicative with any adjustment under this Section 3.12(e) or Section 1.5(a), such adjustment shall be made under this Section 3.12(e).
Deferred Taxes. Deferred Taxes of the Touch 1 Corporations have been -------------- provided for in the Touch 1 Financial Statements in accordance with GAAP.
Deferred Taxes. In the absence of certainty as to whether the Company will have taxable income in the future, no deferred taxes were recorded as assets in the financial statements.
