Common use of Consolidated Return Election Clause in Contracts

Consolidated Return Election. If at any time and from time to time Parent so elects, all Members will join in the filing of a consolidated federal income tax return for the Affiliated Group for such initial period, and for any subsequent taxable period for which the Affiliated Group is required or permitted to file such a return. Each Member agrees to file such consents, elections and other documents and take such other action as may be necessary or appropriate to carry out the purpose of this Paragraph 1. Any period for which a Member is included in a consolidated federal income tax return filed by the Affiliated Group is referred to in this Agreement as a “Consolidated Return Year.”

Appears in 2 contracts

Samples: Federal Income Tax Allocation Agreement (United Insurance Holdings Corp.), Federal Income Tax Allocation Agreement (United Insurance Holdings Corp.)

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Consolidated Return Election. If at any time and from time to time Parent so elects, all Members will join in the filing of a consolidated federal income tax return for the Affiliated Group for such initial period, and for any subsequent taxable period for which the Affiliated Group is required or permitted to file such a return. Each Member agrees to file such consents, elections and other documents and take such other action as may be necessary or appropriate to carry out the purpose of this Paragraph 1. Any period for which a Member is included in a consolidated federal income tax return filed by the Affiliated Group is referred to in this Agreement as a "Consolidated Return Year."

Appears in 1 contract

Samples: Federal Income Tax Allocation Agreement (United Insurance Holdings Corp.)

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Consolidated Return Election. If at any time and from time to time Parent so elects, all Members Member Companies will join in the filing of a consolidated federal income tax return for the Affiliated Group for such initial period, and for any subsequent taxable period for which the Affiliated Group is required or permitted to file such a return. Each Member Company agrees to file such consents, elections and other documents and take such other action as may be necessary or appropriate to carry out the purpose of this Paragraph 1. Any period for which a Member Company is included in a consolidated federal income tax return filed by the Affiliated Group is referred to in this Agreement as a "Consolidated Return Year."

Appears in 1 contract

Samples: Federal Income Tax Allocation Agreement (United Wisconsin Services Inc)

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