CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS Sample Clauses

CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS. (a) If GenCorp or any of its Affiliates (determined for this purpose as of immediately before the Distribution Date) is entitled to carry over any Tax Benefit from a Pre-Distribution Period to a Post-Distribution Period, and if the proper person to claim such Tax Benefit is a member of the OMNOVA Group, OMNOVA or such member shall, upon request of GenCorp and at GenCorp's expense, file any return or report reasonably requested by GenCorp in a manner that claims such Tax Benefit and shall pay the full amount of such Tax Benefit to GenCorp promptly upon receipt, provided (subject to Section 4.02(b) )) that such Tax Benefit does not result in any increase in the liability of any member of the OMNOVA Group for Taxes for any Tax Period. (b) If OMNOVA or any of its Affiliates claims a carryover of a Tax Benefit described in Section 4.03(a) that results in any increase in the liability of any member of the OMNOVA Group for Taxes for any Tax Period, the provisions of Section 4.02(b) shall apply, mutatis mutandis, to OMNOVA's obligation to refund such Tax Benefit to GenCorp.
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CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS. (a) If GenCorp or any of its Affiliates (determined for this purpose as of immediately before the Distribution Date) is entitled to carry over any Tax Benefit from a Pre-Distribution Period to a Post-Distribution Period, and if the proper person to claim such Tax Benefit is a member of the OMNOVA Group, OMNOVA or such member shall, upon request of GenCorp and at GenCorp's expense, file any return or report reasonably requested by GenCorp in a manner that claims such Tax Benefit and shall pay the full amount of such Tax Benefit to GenCorp promptly upon receipt, provided (subject to Section 4.03(b)) that such Tax Benefit does
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Related to CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Interim Distributions At such times as may be determined by it in its sole discretion, the Trustee shall distribute, or cause to be distributed, to the Beneficiaries, in proportion to the number of Trust Units held by each Beneficiary relating to the Trust, such cash or other property comprising a portion of the Trust Assets as the Trustee may in its sole discretion determine may be distributed without detriment to the conservation and protection of the Trust Assets in the Trust.

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

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  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

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  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

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