Common use of Alternative Minimum Tax Periods Clause in Contracts

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST shall be available for use as an AMT credit in calculating AST's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST shall not be required to pay the AMT amount to AEIC. Instead, AST shall pay to AEIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST ASIC shall be available for use as an AMT credit in calculating ASTASIC's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST ASIC would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ASIC shall not be required to pay the AMT amount to AEIC. Instead, AST shall pay to AEIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.AMT

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST ASLI shall be available for use as an AMT credit in calculating ASTASLI's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST ASLI would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ASLI shall not be required to pay the AMT amount to AEICASIC. Instead, AST ASLI shall pay to AEIC ASIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST ICI shall be available for use as an AMT credit in calculating ASTICI's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.. 148 b. If AST ICI would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ICI shall not be required to pay the AMT amount to AEICASIC. Instead, AST ICI shall pay to AEIC ASIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. For this purpose, the ASFC Group shall be treated as one member of the LNC Consolidated Group. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST the members of the ASFC Group shall be available for use as an AMT credit in calculating ASTthe ASFC Group's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST the ASFC Group would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ASFC shall not be required to pay the AMT amount to AEICLNC. Instead, AST ASFC shall pay to AEIC LNC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST ASL shall be available for use as an AMT credit in calculating ASTASL's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST ASL would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ASL shall not be required to pay the AMT amount to AEICASIC. Instead, AST ASL shall pay to AEIC ASIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST ASP shall be available for use as an AMT credit in calculating ASTASP's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable. b. If AST ASP would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST ASP shall not be required to pay the AMT amount to AEICASIC. Instead, AST ASP shall pay to AEIC ASIC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.

Alternative Minimum Tax Periods. a. If the LNC Consolidated Group is required to pay Alternative Minimum Tax ("AMT") for any taxable quarter, then the AMT amount shall be divided among all of the corporations in the LNC Consolidated Group which would have had to pay AMT if their tax liability had been calculated on a separate return basis. The allocation of AMT shall be in proportion to the amount of AMT each corporation would have had to pay on a hypothetical separate return basis. Any amount of AMT so apportioned to AST Linsco shall be available for use as an AMT credit in calculating ASTLinsco's Separate Tax Liability for future taxable periods in which the AMT credit may actually be used by the LNC Consolidated Group. This provision also shall apply to the extent that the LNC Consolidated Group becomes subject to AMT for prior Tax Years as a result of an IRS audit or other adjustment to the tax liability payable.. 157 b. If AST Linsco would be required to pay AMT based upon the calculation of its Separate Tax Liability, but the LNC Consolidated Group is not required to pay AMT for that taxable quarter, then AST Linsco shall not be required to pay the AMT amount to AEICLNC. Instead, AST Linsco shall pay to AEIC LNC an amount equal to its Separate Tax Liability calculated without regard to the AMT provisions.