Unitary Return definition

Unitary Return means any return with respect to any Taxes, other than Federal income Taxes, filed on a consolidated, combined, or unitary basis by any group of corporations of which Seller is a member.
Sample 1
Unitary Return means a state, local, or foreign unitary, consolidated, or combined income, franchise, business, or net worth tax return.
Sample 1
Unitary Return any return required to be filed by a Company Affiliated Group for any period beginning prior to the Closing Date with respect to any Taxes (other than federal income Taxes) on a consolidated, combined or unitary basis.
Sample 1

Examples of Unitary Return in a sentence

  • If such an Other Unitary Return with respect to Other Unitary Taxes is not filed, the responsible party as required by applicable law shall be responsible for the reporting and payment of any Other Unitary Taxes applicable to such party.

  • To the extent Cheniere is permitted or required to file an Other Unitary Return with Liquefaction on a consolidated, combined or unitary basis, the provisions of this TSA relating to Texas franchise tax matters shall apply to such Other Unitary Taxes as if they were Texas franchise taxes.

  • Seller and the Acquired Companies have made available to Buyer correct and complete copies of all local and state income Tax Returns of the Acquired Companies and those portions of any Consolidated Return or Unitary Return filed by any Company Affiliated Group to the extent applicable to the Acquired Companies.

  • ARTICLE 3 ALLOCATION OF TAX LIABILITY BETWEEN GROUPS 3.1 For each taxable year for which the Combined Group files a Unitary Return, the Tax Liability of the Combined Group shall be determined as if the Combined Group were comprised of only two Members, namely, the GBC Group and the Lane Group, and as if the Hypothetical Tax Liabilities of the respective Groups were the respective separate return tax liabilities of such Members for such year.

  • Each party shall have the right to control all contests with the government regarding any matter arising in connection with a tax return filed by it that was not a Unitary Return.

  • To the extent Cheniere is permitted or required to file an Other Unitary Return with the Partnership on a consolidated, combined or unitary basis, the provisions of this TSA relating to Franchise Tax matters shall apply to such Other Unitary Taxes as if they were Franchise Taxes.

  • Any refund or other benefit derived from such carryback shall be the sole property of the corporation to which such item is attributable, provided, however, that nothing herein shall reduce any benefits derived by the GBC Group or any of its Members for or in respect of any taxable year for which the Members of the GBC Group were included in a Unitary Return.

  • One Lane Center 0000 Xxxxxxx Xxxx Northbrook, Illinois 60062 Attention: Executive Vice President (with a copy to the Vice President, Taxes) ARTICLE 7 TERMINATION 7.1 This Agreement shall terminate as of the first day of the first taxable year for which no Member of the GBC Group is included in any Unitary Return, but such termination shall not relieve any party of any obligation arising hereunder.

  • The Unitary Tax Difference is the current Unitary Tax Liability less the aggregate Separate Unitary Return Tax of the subsidiaries with positive Separate Unitary Return Tax.


More Definitions of Unitary Return

Unitary Return has the meaning set forth in Section 10.1(i).
Sample 1

Related to Unitary Return

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

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

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

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

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

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Company Returns is defined in Section 3.15(a) of the Agreement.

  • 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.

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Combined Return means any Tax Return (other than for Federal Income Taxes) filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination), unitary or Group Relief basis that includes activities of members of the ESG Group or the KBR Group, or both, as the case may be.

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • 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 Returns means all Tax Returns relating to Income Taxes.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • 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.