Common use of General Carry Over Provisions Clause in Contracts

General Carry Over Provisions. To the extent that ASLI carries forward tax attributes for which it has already received compensation from ASIC pursuant to the terms of Section I. above, ASLI shall reimburse ASIC for the previous payment by ASIC to ASLI, at the time of the deconsolidation of ASIC and ASLI. To the extent that ASLI has paid ASIC for a Separate Tax Liability for which it remains liable after leaving the LNC Consolidated Group, ASIC shall reimburse ASLI for the previous payment by ASLI to ASIC at the time of the deconsolidation of ASIC and ASLI. Similarly, to the extent that the ultimate amount of tax paid differs from the amount of tax liability initially calculated for any given Tax Year in which ASLI was included in the LNC Consolidated Group, ASIC or ASLI, as the case may be, shall be required to pay and entitled to receive amounts sufficient to compensate for this difference.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

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General Carry Over Provisions. To the extent that ASLI ASL carries forward tax attributes for which it has already received compensation from ASIC pursuant to the terms of Section I. above, ASLI ASL shall reimburse ASIC for the previous payment by ASIC to ASLIASL, at the time of the deconsolidation of ASIC and ASLIASL. To the extent that ASLI ASL has paid ASIC for a Separate Tax Liability for which it remains liable after leaving the LNC Consolidated Group, ASIC shall reimburse ASLI ASL for the previous payment by ASLI ASL to ASIC at the time of the deconsolidation of ASIC and ASLIASL. Similarly, to the extent that the ultimate amount of tax paid differs from the amount of tax liability initially calculated for any given Tax Year in which ASLI ASL was included in the LNC Consolidated Group, ASIC or ASLIASL, as the case may be, shall be required to pay and entitled to receive amounts sufficient to compensate for this difference.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

General Carry Over Provisions. To the extent that ASLI ASIC carries forward tax attributes for which it has already received compensation from ASIC ASFC pursuant to the terms of Section I. above, ASLI ASIC shall reimburse ASIC ASFC for the previous payment by ASIC ASFC to ASLIASIC, at the time of the deconsolidation of ASIC ASFC and ASLIASIC. To the extent that ASLI ASIC has paid ASIC ASFC for a Separate Tax Liability for which it remains liable after leaving the LNC Consolidated Group, ASIC ASFC shall reimburse ASLI ASIC for the previous payment by ASLI ASIC to ASIC ASFC at the time of the deconsolidation of ASIC ASFC and ASLIASIC. Similarly, to the extent that the ultimate amount of tax paid differs from the amount of tax liability initially calculated for any given Tax Year in which ASLI ASIC was included in the LNC Consolidated Group, ASIC ASFC or ASLIASIC, as the case may be, shall be required to pay and entitled to receive amounts sufficient to compensate for this difference.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

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General Carry Over Provisions. To the extent that ASLI ASP carries forward tax attributes for which it has already received compensation from ASIC pursuant to the terms of Section I. above, ASLI ASP shall reimburse ASIC for the previous payment by ASIC to ASLIASP, at the time of the deconsolidation of ASIC and ASLIASP. To the extent that ASLI ASP has paid ASIC for a Separate Tax Liability for which it remains liable after leaving the LNC Consolidated Group, ASIC shall reimburse ASLI ASP for the previous payment by ASLI ASP to ASIC at the time of the deconsolidation of ASIC and ASLIASP. Similarly, to the extent that the ultimate amount of tax paid differs from the amount of tax liability initially calculated for any given Tax Year in which ASLI ASP was included in the LNC Consolidated Group, ASIC or ASLIASP, as the case may be, shall be required to pay and entitled to receive amounts sufficient to compensate for this difference.

Appears in 1 contract

Samples: Sharing Agreement (American States Financial Corp)

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