Common use of Assumptions, Conventions, and Principles for Calculations Clause in Contracts

Assumptions, Conventions, and Principles for Calculations. The Actual Tax Liability shall be the liability for Taxes of the Corporation as reflected on the relevant Corporate Tax Return (using such reasonable methods as the Corporation determines), modified as necessary to take into account the following assumptions, conventions, principles, and adjustments:

Appears in 2 contracts

Samples: Tax Receivable Agreement (Excelerate Energy, Inc.), Tax Receivable Agreement (Excelerate Energy, Inc.)

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Assumptions, Conventions, and Principles for Calculations. The Actual Tax Liability shall be the U.S. federal, state and local income tax liability for Taxes of the Corporation as reflected on the relevant Corporate Tax Return (calculated using such reasonable methods as the Corporation determines); provided that, modified as necessary to take into account in making the calculations required by this Agreement, the Corporation shall use the following assumptions, conventions, and principles, and adjustments:

Appears in 2 contracts

Samples: Tax Receivable Agreement (GEN Restaurant Group, Inc.), Tax Receivable Agreement (GEN Restaurant Group, Inc.)

Assumptions, Conventions, and Principles for Calculations. The Actual Tax Liability shall be the U.S. federal, state and local income tax liability for Taxes of the Corporation as reflected on the relevant Corporate Tax Return (Return, using such reasonable methods as the Corporation determines); provided that, modified as necessary to take into account in making the calculations required by this Agreement, the Corporation shall use the following assumptions, conventions, and principles, and adjustments:

Appears in 1 contract

Samples: Tax Receivable Agreement (NUSCALE POWER Corp)

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Assumptions, Conventions, and Principles for Calculations. The Actual Tax Liability shall be the tax liability for Taxes of the Corporation as reflected on the relevant Corporate Tax Return (Return, using such reasonable methods as the Corporation determines), modified as necessary to take into account ; provided that the Corporation shall use the following assumptions, conventions, principles, and adjustmentsprinciples in making the determination:

Appears in 1 contract

Samples: Tax Receivable Agreement (Chobani Inc.)

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