Elections Impacting Prior Consolidated Periods Sample Clauses

Elections Impacting Prior Consolidated Periods. In the event that ASLI wishes to make an election for tax purposes which may adversely affect tax positions taken by the LNC Consolidated Group during Tax Years when it was a member of the LNC Consolidated Group, ASLI shall submit to LNC a written request for permission to make such an election. LNC shall not unreasonably withhold such written permission to make a tax election which may be beneficial to ASLI after it leaves the LNC Consolidated Group. ASLI shall, as a condition of receiving written permission to make the tax election, reimburse LNC for any and all additional tax costs incurred by the LNC Consolidated Group in connection with permitting such an election to be made.
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Elections Impacting Prior Consolidated Periods. In the event that AEIC wishes to make an election for tax purposes which may adversely affect tax positions taken by the LNC Consolidated Group during Tax Years when it was a member of the LNC Consolidated Group, AEIC shall submit to LNC a written request for permission to make such an election. LNC shall not unreasonably withhold such written permission to make a tax election which may be beneficial to AEIC after it leaves the LNC Consolidated Group. AEIC shall, as a condition of receiving written permission to make the tax election, reimburse LNC for any and all additional tax costs incurred by the LNC Consolidated Group in connection with permitting such an election to be made.
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Elections Impacting Prior Consolidated Periods. In the event that any member of the ASFC Group wishes to make an election for tax purposes which may adversely affect tax positions taken by the LNC Consolidated Group during Tax Years when such corporation was a member of the LNC Consolidated Group, such corporation shall submit to LNC a written request for permission to make such an election. LNC shall not unreasonably withhold such written permission to make a tax election which may be beneficial to any member of the ASFC Group after it leaves the LNC Consolidated Group. The corporation desiring to make such an election shall, as a condition of receiving written permission to make the tax election, reimburse LNC for any and all additional tax costs incurred by the LNC Consolidated Group in connection with permitting such an election to be made.
Sample 1

Related to Elections Impacting Prior Consolidated Periods

  • Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters.

  • Fiscal Periods Change its fiscal year-end and fiscal quarter-ends to dates other than December 31 and the last day of each March, June, September and December, respectively.

  • Events Subsequent to Most Recent Fiscal Year End Since the Most Recent Fiscal Year End, there has not been any material adverse change in the business, financial condition, operations, results of operations, or future prospects of the Company. Without limiting the generality of the foregoing, since that date:

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Limitation on Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower's method of determining fiscal quarters.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Adjustment Due to Merger, Consolidation, Etc If, at any time when this Note is issued and outstanding and prior to conversion of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but in any event at least fifteen (15) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Section 1.6(b). The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

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