AMT Credits Sample Clauses

AMT Credits. In the event that ASIC leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASFC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASFC shall be reimbursed by ASIC 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, ASIC shall be reimbursed by ASFC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.
Sample 1See All (4)
AutoNDA by SimpleDocs
AMT Credits. In the event that ICI 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 ICI 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, ICI 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. 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.
Sample 1Sample 2
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
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. 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
Sample 1
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
AutoNDA by SimpleDocs
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

Related to AMT Credits

  • Investment Credits The total fees due to the Transfer Agent from all funds affiliated with the Fund shall be reduced by an amount equal to the investment income earned by the Transfer Agent, if any, on the balances of the disbursement accounts for those funds. Such credits shall first be allocated to the Institutional Class, if any, of a Portfolio based upon the number of accounts holding shares of such Class relative to the total number of accounts holding all Classes of shares in the Portfolio. The Portfolio’s remaining fiscal year-to-date credits shall be allocated among accounts holding Class X, X0, X0, X, X0, X, X0, P, R, R5, S, Y, Invesco Cash Reserve and Investor Class Shares, as applicable, on the basis of fiscal year-to-date average net assets.

  • Service Credits Only during the period in which the Bank is providing Transition Assistance:

  • Earnings Credits The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month. In no event may such credit be transferred to, or utilized by, any other person or entity, except to the extent permitted by law, and then only to or by The Dreyfus Corporation, its affiliates and/or any investment company now or in the future for which The Dreyfus Corporation or any of its affiliates acts as the investment adviser or administrator (each, a “Permitted Transferee”). The credit shall be applied as follows and only in the specified order:

  • Credits All tax credits shall be allocated among the Members as determined by the Board in its sole and absolute discretion, consistent with applicable law. The tax allocations made pursuant to this Section 5.8 shall be solely for tax purposes and shall not affect any Member’s Capital Account or share of non-tax allocations or distributions under this Agreement.

  • CREDITS TO ACCOUNT 1. 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 vendor fails to provide the Services in accordance with the applicable Service Levels for any reason, except for Force Majeure Events (as defined in the Agreement), vendor will incur Service level Credits identified in and according to the schedule set forth in Attachment E-1 and/or Attachment E-2, provided that Vendor may earn back such Service level credits as provided under the provisions of Attachment E-1 and/or Attachment E-1, as the case may be. The Service Level credits will not limit Prudential's right to recover, in accordance with the terms of this Engagement Schedule, any other damages to which it may be entitled with respect to such failure to provide the Services in accordance with the Service Levels.

  • Prorations and Credits The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

  • 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:

  • Refunds and Credits Any refunds and credits attributable to the Pre-Closing Tax Period shall be for the account of the Seller and any refunds and credits attributable to the period which is not part of the Pre-Closing Tax Period shall be for the account of the Buyer.

  • In-Service Withdrawals If elected in the Adoption Agreement, an Employer may elect to permit a Participant in the Plan to make an in-service withdrawal, subject to any limitation(s) specified in the Adoption Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!