Common use of Allocated NOLs Clause in Contracts

Allocated NOLs. Unless and until there has been a Deconsolidation Event, the aggregate amount of Pre-Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax purposes shall be an aggregate amount equal to the Allocated AAC NOL Amount.

Appears in 4 contracts

Samples: Sharing Agreement, Tax Sharing Agreement (Ambac Financial Group Inc), Tax Sharing Agreement (Ambac Financial Group Inc)

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Allocated NOLs. Unless and until there has been Following the occurrence of a Deconsolidation Event, the aggregate amount of Pre-Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax purposes shall be an aggregate amount equal to the Post-Deconsolidation Allocated AAC NOL Amount.. Amended and Restated Tax Sharing Agreement

Appears in 3 contracts

Samples: Sharing Agreement, Tax Sharing Agreement (Ambac Financial Group Inc), Tax Sharing Agreement (Ambac Financial Group Inc)

Allocated NOLs. Unless and until there has been a Deconsolidation Event, the aggregate amount of Pre-Pre- Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax purposes shall be an aggregate amount equal to the Allocated AAC NOL Amount.

Appears in 2 contracts

Samples: Tax Sharing Agreement, Tax Sharing Agreement

Allocated NOLs. Unless and until there has been Following the occurrence of a Deconsolidation Event, the aggregate amount of Pre-Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax purposes shall be an aggregate amount equal to the Post-Deconsolidation Allocated AAC NOL Amount.

Appears in 1 contract

Samples: Tax Sharing Agreement (Ambac Financial Group Inc)

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Allocated NOLs. Unless and until there has been Following the occurrence of a Deconsolidation Event, the aggregate amount of Pre-Pre- Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax Amended and Restated Tax Sharing Agreement US1 3105335.10 purposes shall be an aggregate amount equal to the Post- Deconsolidation Allocated AAC NOL Amount.

Appears in 1 contract

Samples: Tax Sharing Agreement

Allocated NOLs. Unless and until there has been Following the occurrence of a Deconsolidation Event, the aggregate amount of Pre-Pre- Determination Date NOLs allocated to, and available for use by, the AAC Subgroup to offset income for Federal Tax purposes shall be an aggregate amount equal to the Post- Deconsolidation Allocated AAC NOL Amount.

Appears in 1 contract

Samples: Tax Sharing Agreement

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