AMT Credits Sample Clauses

AMT Credits. In the event that ASLI leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC shall be reimbursed by ASLI to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASLI shall be reimbursed by ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.
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AMT Credits. In the event that AST leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse AEIC shall not exceed the amount allocated pursuant to Section I.B.3, above. AEIC shall be reimbursed by AST to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, AST shall be reimbursed by AEIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.
Sample 1
AMT Credits. If the total consolidated return liability results in consolidated minimum tax credit utilization, the consolidated minimum tax credit shall be tentatively allocated to each Group Member participating in the consolidated return in an amount equal to the lesser of (1) each Group Member's separate Minimum Tax Credit Carryforward or (2) the excess of such Group Member's allocated regular tax over its separate AMT. Minimum Tax Credit Carryforward for this purpose is the sum of the annual amounts of consolidated AMT allocated to a Group Member in prior years less the sum of the consolidated minimum tax credits allocated to that Group Member in prior years. If the total of such tentative allocations exceeds the consolidated minimum tax credit utilized in the current taxable year, then the difference between the total of the tentative allocations and the consolidated minimum tax credit utilized for the taxable year shall be allocated as a negative amount to each Group Member in proportion to that Group Member's tentative allocation to the combined total of all such amounts. If the total of the tentative allocations is less than the consolidated minimum tax credit utilized, the difference between the consolidated minimum tax credit utilization and the total of the tentative allocations shall be allocated to each Group Member in proportion to that Group Member's remaining Minimum Tax Credit Carryforward to the combined total of such carryforwards. The consolidated minimum tax credit allocated to each Group Member for the taxable year will equal the sum of the amounts allocated in the two step computation.
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AMT Credits. The parties acknowledge that DST has not paid any Alternative Minimum Tax ("AMT") for federal income tax purposes, even though AMT has been incurred by the KCSI affiliated group. However, applicable regulations may require that a portion of the group's AMT credit carryforward be allocated to DST. If a portion of such carryforward is allocated to DST under Treasury Regulation (S)1.1501-55(h) (6) for years prior to 1995 and reduces DST's tax liability, DST shall pay KCSI an amount equal to such portion by October 31, 1995. If any AMT credit carryforward becomes available with respect to the KCSI affiliated group's 1995 tax year and any portion thereof is allocated to DST under the aforesaid regulation and reduces DST's tax liability, DST shall pay KCSI an amount equal to such portion by October 31, 1996.
Sample 1
AMT Credits. In the event that CIA leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC shall be reimbursed by CIA to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, CIA shall be reimbursed by ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.
Sample 1
AMT Credits. A separate return limitation year ("SRLY") alternative minimum tax credit will pass with the sale of the Company to Buyer (the "Inherited AMT Credit"). Such credit is estimated to approximate $425,000 as of December 31, 1995. Calculation of the exact credit will be given to Buyer by Seller within thirty (30) days of the filing of the stub period tax return of Seller. To the extent the Company or any member of Buyer's consolidated group uses such credit in any tax year ending on or before December 31, 2006, which use shall be in Buyer's sole discretion, Buyer shall reimburse Seller for seventy-five percent (75%) of the amount of Buyer's consolidated group's actual tax savings computed by comparing the difference between Buyer's consolidated tax liability with and without the credit. Within forty-five (45) days after the filing by the Buyer's consolidated group of a federal consolidated income tax return that includes the Company, Buyer shall furnish to Seller a detailed computation showing the calculation of the amount due, if any, for such taxable year under this Section 13.6 and shall make payment of such amount. Within forty-five (45) days after December 31, 2001, Buyer may terminate its obligations under this Section 13.6 by paying to Seller an amount equal to fifty percent (50%) of the unused balance of such Inherited AMT Credit.
Sample 1
AMT Credits. In the event that Linsco leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse LNC shall not exceed the amount allocated pursuant to Section I.B.3, above. LNC shall be reimbursed by Linsco to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the 160
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AMT Credits. In the event that ASFC or any member of the ASFC Group leaves the LNC Consolidated Group, the amount of AMT credit which the departing corporation shall be allowed to carry over without any obligation by ASFC to reimburse LNC shall not exceed the amount allocated pursuant to Section I.B.3, above. LNC shall be reimbursed by ASFC to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASFC shall be reimbursed by LNC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.
Sample 1

Related to AMT Credits

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Credits An employee shall earn sick leave credits at the rate of nine decimal three seven five (9.375) hours for each calendar month for which such employee receives pay for at least seventy-five (75) hours.

  • CREDITS TO ACCOUNT Promptly after each purchase or sale of Securities by the Fund, the Fund shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian,

  • Service Level Credits If Verint does not meet the Uptime Percentage levels specified below, Customer will be entitled, upon written request, to a service level credit (“Service Level Credit”) to be calculated, with respect to the applicable Hosted Environment, as follows: • If Uptime Percentage is at least 99.95% of the month’s minutes, no Service Level Credits are provided; or • If Uptime Percentage is 99.75% to 99.94% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is 99.50% to 99.74% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 7.5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is less than 99.50% of the month’s minutes, Customer will be eligible for a credit of 10.0% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint. Customer shall only be eligible to request Service Level Credits if Customer notifies Verint in writing within thirty (30) days from the end of the month for which Service Level Credits are due. All claims will be verified against Verint’s system records. In the event after such notification Verint determines that Service Level Credits are not due, or that different Service Level Credits are due, Verint shall notify Customer in writing on that finding. With respect to any Services Level credits due under Orders placed directly by Customer on Verint, Service Level Credits will be applied to the next invoice following Customer’s request and Verint’s confirmation of available credits; with respect to any Service Level Credits due for SaaS Services under Orders placed on Verint by a Verint authorized reseller on Customer’s behalf, Service Level Credits will be issued by such reseller following Customer’s request and Verint’s confirmation of available credits and such Services Level Credits may only be used by Customer with respect to subsequent purchases of Verint offerings through that reseller. Service Level Credits shall be Customer’s sole and exclusive remedy in the event of any failure to meet the Service Levels. Verint will only provide records of system availability in response to Customer’s good faith claims.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that: (a) the Creditor Party shall not be obliged to allocate to this transaction any part of a tax repayment or credit which is referable to a class or number of transactions; (b) nothing in this Clause 23.4 shall oblige a Creditor Party to arrange its tax affairs in any particular manner, to claim any type of relief, credit, allowance or deduction instead of, or in priority to, another or to make any such claim within any particular time; (c) nothing in this Clause 23.4 shall oblige a Creditor Party to make a payment which would leave it in a worse position than it would have been in if the Borrowers had not been required to make a tax deduction from a payment; and (d) any allocation or determination made by a Creditor Party under or in connection with this Clause 23.4 shall be conclusive and binding on the Borrowers and the other Creditor Parties.

  • Transmission Credits No later than thirty (30) days prior to the Commercial Operation Date, the Interconnection Customer may make a one-time election by written notice to the CAISO and the Participating TO to receive Congestion Revenue Rights as defined in and as available under the CAISO Tariff at the time of the election in accordance with the CAISO Tariff, in lieu of a refund of the cost of Network Upgrades in accordance with Article 11.4.1.

  • Refunds and Credits Seller shall be entitled to any Tax refunds that are received by Buyer and any amounts credited against Tax to which the Buyer, the Transferred FH Companies or their Closing Subsidiaries become entitled (including as a result of any amended Tax Returns) that relate to the Transferred FH Companies or their Closing Subsidiaries for all Pre-Closing Tax Periods or that are subject to indemnification by Seller pursuant to this Agreement (including, for the avoidance of doubt, refunds or credits in respect of VAT attributable to a Pre-Closing Tax Period), to the extent such refunds or credits were not taken into account in determining Final Net Working Capital and are not attributable to the carryback of a net operating loss of any Transferred FH Company or Closing Subsidiary generated in a Post-Closing Tax Period. Buyer shall transfer, or cause to be transferred, to Seller, within ten (10) days of receipt, the amount of the refund or credit (including interest) received or utilized by Buyer, the Transferred FH Companies or any of their Closing Subsidiaries, or any of their respective Affiliates, net of any reasonable out-of-pocket costs incurred in obtaining such refund or credit and any Taxes borne by Buyer, the Transferred FH Companies or any of their Closing Subsidiaries, or any of their respective Affiliates as a direct result of their receipt of such refund or utilization of any such credit. Buyer shall claim any such refund or to utilize any such credit as soon as reasonably possible upon Seller’s written request. Buyer agrees to furnish to Seller all information, records and assistance reasonably requested by Seller to verify the amount of the refund or credit, provided that Buyer shall not be required to furnish to Seller any consolidated, combined, affiliated or unitary Tax Return that includes Buyer or any Subsidiary or Affiliate of Buyer other than the Transferred FH Companies or any of their Closing Subsidiaries. The amount of economic benefit of any such refunds or credits of the Transferred FH Companies and their Closing Subsidiaries for any Straddle Period shall be equitably apportioned between Seller and Buyer in a manner consistent with Section 7.1 hereof.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

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