Consolidated Federal Tax Liability definition

Consolidated Federal Tax Liability means the Federal Income Tax liability of the Affiliated Group.
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Consolidated Federal Tax Liability means, with respect to any taxable year, the Alternative Minimum Tax and Regular Tax to be actually paid by the Holdings Group with respect to such taxable year (without taking into account any carry-backs of tax attributes from later taxable years).
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Consolidated Federal Tax Liability means, with respect to any taxable year, the Regular Tax and the Alternative Minimum Tax actually paid by the WebMD Group with respect to such taxable year (without taking into account any carry-backs of tax attributes from later taxable years).
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Examples of Consolidated Federal Tax Liability in a sentence

  • Except as otherwise provided in this Section 3.01(a), the Company shall pay, on a timely basis, all Taxes due with respect to the United States consolidated income tax liability for Pre-Distribution Federal Periods ("Pre-Distribution Consolidated Federal Tax Liability").

  • Notwithstanding anything to the contrary set forth herein, WebMD shall only be required to make a payment to HLTH with respect to the WebMD Subgroup’s liability for Alternative Minimum Tax (computed as a Separate Return Tax Liability) for any taxable year if the HLTH Group has an actual Consolidated Federal Tax Liability in excess of the Separate Return Tax Liability of the HLTH Subgroup for such taxable year.

  • On or before the date which is three business days prior to the last date prescribed by law for payment of the Consolidated Federal Tax Liability of the HLTH Group for such year, WebMD shall pay to HLTH an amount equal to the excess, if any, of the WebMD Subgroup’s Federal Tax Liability over the total WebMD Subgroup Estimated Payments made by WebMD with respect to such taxable year.

  • So long as the WebMD Group elects to file Consolidated Federal Tax Returns as permitted by Section 1501 of the Code, WebMD shall prepare and file such Consolidated Federal Tax Returns and any other returns, documents or statements required to be filed with the Internal Revenue Service (the “IRS”) with respect to the determination of the Consolidated Federal Tax Liability of the WebMD Group.

  • All assets and liabilities of the pension fund that will cease to exist after merger shall be transferred to the pension fund that will continue to exist after merger.

  • HLTH shall pay or discharge, or cause to be paid or discharged, the Consolidated Federal Tax Liability of the HLTH Group for each taxable year of the HLTH Group.

  • On or before the date which is three business days prior to the last date prescribed by law for payment of the Consolidated Federal Tax Liability of the Emdeon Group for such year, Health shall pay to Emdeon an amount equal to the excess, if any, of the Health Subgroup’s Federal Tax Liability over the total Health Subgroup Estimated Payments made by Health with respect to such taxable year.

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  • Said agencies shall give management priority to the protection, conservation, and restoration of Endangered, Threatened, and Special Concern species occurring on state-owned lands.

  • Notwithstanding anything to the contrary set forth herein, Health shall only be required to make a payment to WebMD with respect to the Health Subgroup’s liability for Alternative Minimum Tax (computed as a Separate Return Tax Liability) for any taxable year if the WebMD Group has an actual Consolidated Federal Tax Liability in excess of the Separate Return Tax Liability of the WebMD Subgroup for such taxable year.


More Definitions of Consolidated Federal Tax Liability

Consolidated Federal Tax Liability means, with respect to any taxable year, the Regular Tax and the Alternative Minimum Tax actually paid by the Emdeon Group with respect to such taxable year (without taking into account any carry-backs of tax attributes from later taxable years).
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Related to Consolidated Federal Tax Liability

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Consolidated Return means a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • Consolidated Income Tax Expense for any period means the provision for taxes of the Issuer and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Tax Liabilities means all liabilities for Taxes.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • consolidated basis means on the basis of the consolidated situation;

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.