Common use of Elections Impacting Prior Consolidated Periods Clause in Contracts

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.

Elections Impacting Prior Consolidated Periods. In the event that AEIC CIA 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 CIA 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 CIA after it leaves the LNC Consolidated Group. AEIC CIA 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.

Elections Impacting Prior Consolidated Periods. In the event that AEIC Linsco 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 Linsco 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 Linsco after it leaves the LNC Consolidated Group. AEIC Linsco 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.

Elections Impacting Prior Consolidated Periods. In the event that AEIC ICI 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 ICI 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 ICI after it leaves the LNC Consolidated Group. AEIC ICI 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.