Examples of Subgroup Parent in a sentence
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.
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.
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.
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.
Holdings shall preserve all records relating to taxes for which any Subgroup Parent is liable hereunder until the expiration of the applicable statute of limitations and shall make such records available to such Subgroup Parent upon the Subgroup Parent's reasonable request.
Beginning on the Effective Date, TCI shall establish ----------- and maintain a separate account between it and each Subgroup Parent (the "Intercompany Accounts").
A student who receives more than two grades below B- or more than one F will be dismissed by the program.
On the date that any Subgroup Parent ceases to be a member of the TCI Group (the "Deconsolidation Date"), TCI shall pay to such Subgroup Parent an amount equal to any credit balance in the Intercompany Account attributable to such Subgroup Parent, and such Subgroup Parent shall pay to TCI an amount equal to any debit balance in such Intercompany Account, after which payment such Intercompany Account shall be closed.
Subgroup Parent also has a separate tax sharing agreement with AIG (“Parent”), which provides that AIG will not charge Subgroup Parent a greater portion of the consolidated tax liability than would have been paid by the Chartis Subgroup if it had filed a separate federal income tax return.