Allocation of U Sample Clauses

Allocation of U. S. Property Taxes 12 Section 3. Preparation and Filing of Tax Returns 13 Section 3.01 DuPont's Responsibility 13 Section 3.02 Chemours' Responsibility 13 Section 3.03 Tax Returns for Transfer Taxes 13 Section 3.04 Tax Reporting Practices 13 Section 3.05 Consolidated or Combined Tax Returns 14 Section 3.06 Right to Review Tax Returns 14 Section 3.07 Chemours Carrybacks and Claims for Refund 15 Section 3.08 Apportionment of Tax Attributes 15
Sample 1
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Allocation of U. S. Investment/Savings Plan Responsibilities. (a) Seller shall retain all liability and responsibility for making contributions to and the disposition of accounts of each Hired Employee who is eligible to be a participant on the Closing Date ("Investment Plan Participant") in the Xxxxx Corporation Share Purchase And Investment Plan ("Seller's Investment Plan"). Each Investment Plan Participant shall have his full interest in his account, including without limitation all employer matching contributions made by Seller and any earnings thereon for the partial year 1998, allocated and/or distributed on his behalf as soon as practicable after the Closing Date, (i) pursuant to the provisions of Seller's Investment Plan which are applicable to cessation of employment with Seller on the Closing Date for reasons other than retirement, disability, or death and in connection with the divestiture of a facility, including without limitation such provisions with respect to the direct transfer of all or a portion of an Investment Plan Participant's account to another qualified investment plan or arrangement; and (ii) in accordance with the administrative procedures and practices which have been established by Seller with respect to such allocation and/or distribution. (b) With respect to any Investment Plan Participant who has an outstanding loan under Seller's Investment Plan as of the Closing Date pursuant to Article IX thereof, the transfer of his employment from Seller to Oxford U.S. as of the Effective Date shall be deemed to be a termination of employment with Seller only for the purposes of effecting the repayment of such loan pursuant to the applicable provisions of Seller's Investment Plan and the administrative procedures which have been established by Seller with respect to such repayments. Buyer shall cause Oxford U.S. to assist Seller in obtaining from any Investment Plan Participants all information, election forms, and other materials which are necessary and required by Seller to effectuate any such allocation, distribution and/or loan repayment. (c) As soon as is reasonably practicable after the Closing Date, Buyer shall cause Oxford U.S. to establish a new defined contribution plan or arrange for the amendment of the Xxxxxxx Xxxxx Salaried Employees' Retirement Savings Plan ("Oxford's Savings Plan") for the purpose of covering Investment Plan Participants. Oxford's Savings Plan shall require that Oxford U.S. make matching contributions of at least fifty p...
Sample 1
Allocation of U. S. Federal Income Tax and Federal Other Tax 11 Section 2.03 Allocation of State Income and State Other Taxes 12 Section 2.04 Allocation of Foreign Taxes 12 Section 2.05 Certain Transaction and Other Taxes 12 Section 2.06 Attribution of Taxes 13 Section 3. Proration of Taxes for Straddle Periods 14 Section 4. Preparation and Filing of Tax Returns 14 Section 4.01 General 14 Section 4.02 Parent’s Responsibility 14 Section 4.03 SpinCo’s Responsibility 15 Section 4.04 Tax Accounting Practices 15
Sample 1
Allocation of U. S. Federal Income Tax and Federal Other Tax. Except as otherwise provided in Section 2.05, Federal Income Tax and Federal Other Tax shall be allocated as follows: (a) Allocation of Tax Relating to Parent Federal Consolidated Income Tax Returns. With respect to any Parent Federal Consolidated Income Tax Return, Parent shall be responsible for any and all Federal Income Taxes due or required to be reported on any such Income Tax Return (including any increase in such Tax as a result of a Final Determination).
Sample 1

Related to Allocation of U

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Allocation of Tax Items To the extent permitted by section 1.704-1(b)(4)(i) of the Treasury Regulations, all items of income, gain, loss and deduction for federal and state income tax purposes shall be allocated to the Members in accordance with the corresponding "book" items thereof; however, all items of income, gain, loss and deduction with respect to Assets with respect to which there is a difference between "book" value and adjusted tax basis shall be allocated in accordance with the principles of section 704(c) of the IRS Code and section 1.704-1(b)(4)(i) of the Treasury Regulations, if applicable. Where a disparity exists between the book value of an Asset and its adjusted tax basis, then solely for tax purposes (and not for purposes of computing Capital Accounts), income, gain, loss, deduction and credit with respect to such Asset shall be allocated among the Members to take such difference into account in accordance with section 704(c)(i)(A) of the IRS Code and Treasury Regulation section 1.704-1(b)(4)(i). The allocations eliminating such disparities shall be made using any reasonable method permitted by the Code, as determined by the Manager.

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority: (i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and (ii) Second, to the Partners in accordance with their relative Percentage Interests.

  • Allocation of Charges There will not be any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any Taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with or treated as a disregarded entity of the Servicer for tax purposes.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Application and Allocation of Payments (a) So long as no Event of Default has occurred and is continuing, (i) voluntary prepayments shall be applied as set forth in Section 1.2(a) and (ii) mandatory prepayments shall be applied as set forth in Sections 1.2(c) and 1.2(d). All payments and prepayments applied to the Revolving Loan shall be applied ratably to the portion thereof held by each Lender as determined by its Pro Rata Share (subject to Section 9.9(c)). As to any other payment, and as to all payments made when an Event of Default has occurred and is continuing or following the Commitment Termination Date, the Borrower hereby irrevocably waives the right to direct the application of any and all payments received from or on behalf of the Borrower, and hereby irrevocably agrees that Agent shall have the continuing exclusive right to apply any and all such payments against the Obligations as Agent may deem advisable notwithstanding any previous entry by Agent in the Loan Account or any other books and records. In all circumstances, after acceleration or maturity of the Obligations, all payments and proceeds of Collateral shall be applied to amounts then due and payable in accordance with Section 8.2(c). (b) Agent is authorized, at the direction of Requisite Lenders, to charge to the Revolving Loan balance on behalf of the Borrower and cause to be paid all Fees, expenses, Charges, costs (including insurance premiums in accordance with Section 5.4(a)) and interest and principal, other than principal of the Revolving Loan, owing by the Borrower under this Agreement or any of the other Loan Documents if and to the extent the Borrower fails to pay promptly any such amounts as and when due, even if the amount of such charges would cause the balance of the Revolving Loan to exceed the Maximum Amount. To the extent permitted by law, any charges so made shall constitute part of the Revolving Loan hereunder.

  • Allocation of Recovery Under the Bond In the event Actual Loss is suffered by any two or more of the Funds, any recovery under the Bond will be allocated among such Funds in the following manner: a. If the Fidelity Coverage exceeds or is equal to the amount of the combined Actual Losses of the Funds suffering Actual Loss, then each such Fund shall be entitled to recover the amount of its Actual Loss. b. If the amount of Actual Loss of each Fund suffering Actual Loss exceeds its Minimum Coverage Requirement and the amount of the Funds' combined Actual Losses exceeds the Fidelity Coverage, then each Fund shall be entitled to recover (i) its Minimum Coverage Requirement, and (ii) to the extent there exists Excess Coverage, the proportion of the Excess Coverage which its Minimum Coverage Requirement bears to the amount of the combined Minimum Coverage Requirements of the Funds suffering Actual Loss; provided, however, that if the Actual Loss of any of such Funds is less than the sum of (i) and (ii) of this subpart (b), then such difference shall be recoverable by the other Funds in proportion to their relative Minimum Coverage Requirements. c. If (i) the amount of Actual Loss suffered by any Fund is less than or equal to its Minimum Coverage Requirement, (ii) the amount of Actual Loss of the other Funds exceeds its or their Minimum Coverage Requirement(s) and (iii) the amount of the combined Actual Losses of the Funds exceeds the Fidelity Coverage, then any Fund which has suffered an amount of Actual Loss less than or equal to its Minimum Coverage Requirement shall be entitled to recover its Actual Loss. If only one other Fund has suffered Actual Loss, it shall be entitled to recover the amount of the Fidelity Coverage remaining. If more than one other Fund has suffered Actual Loss in excess of the remaining coverage, they shall allocate such remaining coverage in accordance with Section III(b) of this Agreement.

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