FACTS Sample Clauses

FACTS. The Superintendent is the official charged with administering and enforcing Maine’s insurance laws and regulations.

FACTS. BPI or an Affiliate gives the Employee, or the Employee gives BPI, written notice of non-extension on or after the date that is six months before the fourth anniversary of the Commencement Date and before the date that is six months before the fifth anniversary of the Commencement Date.

FACTS. Neither the Company nor the Employee gives the other party written notice of non-extension before the date that is six months before the fourth anniversary of the Commencement Date. Result: Effective as of the date that is six months before the fourth anniversary of the Commencement Date, the term of the Agreement as extended in accordance with Example 1 above is further extended 12 months, so that it will expire on the fifth anniversary of the Commencement Date unless further extended in accordance with the provisions of Paragraph 2 of the Agreement.

FACTS. The Member has formed a limited liability company under the provisions of the Act by causing a Certificate of Formation to be filed with the Delaware Secretary of State;

FACTS. This agreement is based upon the following facts:

FACTS. What does Westerra Credit Union (“Westerra”) do with your personal information? Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Credit history and credit scores • Account balances and payment history How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Westerra chooses to share; and whether you can limit this sharing.

FACTS. P owns DE1X and DRCX. DRCX is a member of the P consolidated group and owns FSX. DE1X owns FBX. P’s interest in DE1X and P’s indirect in- terest in FBX are individual separate units that are combined into a single separate unit (Country X separate unit) pursuant to § 1.1503(d)–1(b)(4)(ii). In year 1, DRCX incurs a $200x net operating loss and $200x of income is attributable to P’s Country X separate unit. The $200x net operating loss incurred by DRCX is a dual consolidated loss. FSX also earns $200x of income in year 1. DRCX, DE1X, and FSX file a Country X consolidated tax re- turn. However, Country X has no applicable rules for determining which income is offset by DRCX’s year 1 $200x loss.

FACTS. HPSX is a Country X entity that is subject to Country X tax on its worldwide income. HPSX is clas- sified as a partnership for Federal tax pur- poses. P, S, and FSX, are the sole partners of HPSX. For U.S. tax purposes, P, S, and FSX each has an equal interest in each item of HPSX’s profit or loss. HPSX carries on oper- ations in Country Y that, if carried on by a U.S. person, would constitute a foreign branch within the meaning of § 1.367(a)– 6T(g)(1).

FACTS. (A) P owns DRCX, a member of the P consolidated group. DRCX owns FSX. Under the Country X consolidation regime, a consolidated group may elect in any given year to use all or a portion of the losses of one consolidated group member to offset income of other con- solidated group members. If no such election is made in a year in which losses are gen- erated by a consolidated member, such losses carry forward and are available, at the elec- tion of the consolidated group, to offset in- come of consolidated group members in sub- sequent taxable years. Country X law does not provide ordering rules for determining when a loss from a particular taxable year is used because, under Country X law, losses never expire. In addition, Country X law does not provide ordering rules for determining when a particular type of loss (for example, capital or ordinary) is used.

FACTS. P and S organize a partner- ship, PRSX, under the laws of Country X. PRSX is treated as a partnership for both U.S. and Country X tax purposes. PRSX owns FBX. PRSX earns U.S. source income that is unconnected with its FBX branch operations, and such income is not subject to tax by Country X. In addition, such U.S. source in- come is not attributable to FBX under § 1.1503(d)–5.