Accounting Methods; Income Tax Elections; Tax Returns Sample Clauses

Accounting Methods; Income Tax Elections; Tax Returns. Except as required by a Governmental Entity or as required to comply with GAAP, New Core shall not make any change in its methods of accounting. New Core shall not (i) change its fiscal year, (ii) make or change any Tax election or settle or compromise any income Tax liability or consent to the extension or waiver of any statute of limitations with respect to Taxes, (iii) file any amended Tax Return, (iv) surrender any right to claim a refund of Taxes, (v) consent to any extension or waiver of the limitation period applicable to any tax claim or assessment relating to New Core, or (vi) take any other action similar to the foregoing relating to the filing of any Tax Return or the payment of any Tax, or offer or agree to do any of the foregoing or surrender its rights to do any of the foregoing. New Core shall (A) prepare and file or cause to be prepared and filed in a timely manner consistent with past practice all Tax Returns that are required to be filed (with extensions) on or before the Closing Date, and (B) pay any Tax shown, or required to be shown, on any such Tax Return.
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Accounting Methods; Income Tax Elections; Tax Returns. Except as disclosed in Preview SEC Reports filed prior to the date of this Agreement, Preview shall not change its methods of accounting in effect at December 31, 1998, except as required by changes in U.S. GAAP as concurred in by Preview's independent auditors. Preview shall not (i) change its fiscal year or (ii) make any material Tax election, other than in the ordinary course of business consistent with past practice, without consultation with Sabre. Preview shall prepare and file all Tax Returns required to be filed and pay all required Taxes due in accordance with applicable law.
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Accounting Methods; Income Tax Elections; Tax Returns. Except as disclosed in the Company SEC Documents filed prior to the date of this Agreement and except as required by changes in GAAP as concurred in by the Company's independent auditors, the Company shall not change its methods of accounting in effect at January 31, 2000. The Company shall not (i) change its fiscal year or (ii) make any material Tax election, other than in the ordinary course of business consistent with past practice, without the consent of Parent. The Company shall prepare and file all Tax Returns required to be filed and pay all required Taxes due in accordance with applicable law.
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Related to Accounting Methods; Income Tax Elections; Tax Returns

  • Accounting Methods; Income Tax Elections Except as disclosed in ---------------------------------------- Company SEC Reports filed before the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December 31, 1997, except as required by changes in GAAP as concurred in by the Company's independent auditors. The Company shall not (i) change its fiscal year or (ii) make any material tax election, other than in the ordinary course of business consistent with past practice, without consultation with Parent.

  • Income Tax Elections In the event of a distribution of property made in the manner provided under Section 734 of the Code, or in the event of a transfer of any Partnership Interest permitted by this Agreement made in the manner provided in Section 743 of the Code, the General Partner, on behalf of the Partnership, may, but shall not be required to, file an election under Section 754 of the Code in accordance with the procedures set forth in the applicable regulations promulgated thereunder.

  • INCOME TAX RETURNS Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Federal Income Tax Elections The Member shall make all elections for federal income tax purposes.

  • DAC Tax Election The Ceding Company and the Reinsurer make an election pursuant to Treasury Regulation Section 1.848-2 (g) (8) of the Income Tax Regulations issued December, 1992, under Section 848 of the Internal Revenue Code of 1986, as amended, and agree to the terms stipulated in Schedule G – DAC Tax Schedule.

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Certain Tax Elections The Company shall not file any election pursuant to Regulations Section 301.7701-3(c) to be treated as an entity other than a partnership. The Company shall not elect, pursuant to Code Section 761(a), to be excluded from the provisions of subchapter K of the Code.

  • Income Tax Return Information Each Company will provide to the other Company information and documents relating to their respective Groups required by the other Company to prepare Tax Returns. The Responsible Company shall determine a reasonable compliance schedule for such purpose in accordance with Distributing Co.'s past practices. Any additional information or documents the Responsible Company requires to prepare such Tax Returns will be provided in accordance with past practices, if any, or as the Responsible Company reasonably requests and in sufficient time for the Responsible Company to file such Tax Returns on a timely basis.

  • Income Tax Allocations (a) Except as provided in this Section 4.3, each item of income, gain, loss and deduction of the Company for federal income tax purposes shall be allocated among the Members in the same manner as such items are allocated for Capital Account purposes under Section 4.1 and Section 4.2.

  • Tax Elections Except as otherwise provided herein, the General Partner shall, in its sole and absolute discretion, determine whether to make any available election pursuant to the Code, including the election under Section 754 of the Code. The General Partner shall have the right to seek to revoke any such election (including without limitation, any election under Section 754 of the Code) upon the General Partner’s determination in its sole and absolute discretion that such revocation is the best interests of the Partners.

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