Multiple Losses Sample Clauses

Multiple Losses. (a)In a case where more than one Subgroup has sustained net operating losses in a year, and the aggregate of such losses exceeds consolidated taxable income for that year computed without regard to such aggregate losses, the amount credited under Paragraphs 7 and 8 above shall be apportioned in the ratio of each Subgroup’s separate loss to the aggregate losses of all Subgroups, and no amount shall be credited as a tax benefit for such excess losses remaining after reductions for the respective share of the current loss apportioned for each Subgroup for that year.
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Multiple Losses. A has a $100 loss, B has a $100 of income, C has a $400 loss, and the Group has a $400 NOL. If A, B, and C filed separate income tax returns, A would have no tax liability and a $100 NOL carryforward, B would have a $21 tax liability, and C would have no tax liability and a $400 NOL carryforward. Under paragraph 3.A.i., the Group has no tax liability to allocate. Under paragraph 3.A.ii., B pays $21 of tax ($21 separate return liability - $0 of tax allocated under 3.A.i.) to Parent because B saved $21 in tax by using $100 of A and C’s $500 combined loss. Under Paragraph 3.B.ii., Parent must allocate and pay $21 among A and C ($100 * .21) because the Group used $100 of their losses to offset B’s $100 of income. Parent allocates the $21 between A and C proportionate with their respective shares of the loss, 1/5th to A and 4/5ths to C. Parent pays $4.20 to A as compensation for $20 of A’s $100 loss, which the Group partially used to offset B’s income, and Parent pays $16.80 to C as compensation for $80 of C’s $400 loss, which the Group partially used to offset B’s income. A has $80 of remaining losses to carry forward ($100 - $20), and C has $320 of remaining losses to carry forward ($400 - $80). The Group has a $400 NOL carryforward. FEDERAL INCOME TAX SHARING AGREEMENT Page 24 of 24 Xxxx Xxxxxx: Senior Vice PresidentCorporate Tax, and Assistant Treasurer RiverSource NY REO, LLC, effective as-of: January 1, 2020 /s/ Xxxxxxx Xxxxxx_______________________________________________________ Signature Xxxx Xxxxxx: Senior Vice President – Corporate Tax, and Assistant Treasurer
Multiple Losses. A has $100 of income, B has a $200 loss, C has a $500 loss, and the Group has a $600 NOL. If A, B, and C filed separate income tax returns, A would have a $35 tax liability, B would have no tax liability and a $200 NOL carryforward, and C would have no tax liability and a $500 NOL carryforward. Under paragraph 2.A.i., the Group has no tax liability to allocate. Under paragraph 2.A.ii., A pays $35 of tax ($35 separate return liability - $0 of tax allocated under 2.A.i.) to Parent because A saved $35 in tax by using $100 of B and C’s $700 combined loss. Under Paragraph B.ii., Parent must pay $35 among B and C ($100 * .35) because the Group used $100 of their losses to offset A’s $100 of income. Parent allocates the $35 between B and C proportionate with their respective shares of the loss, 2/7ths to B and 5/7ths to C. Parent pays $10 to B as compensation for $29 of B’s losses, which the Group used to offset $10 of A’s tax, and Parent pays $25 to C as compensation for $71 of C’s losses, which the Group used to offset $25 of A’s tax. B has $171 of remaining losses to carry forward ($200 - $29), and C has $429 of remaining losses to carry forward ($500 - $71). The Group has a $600 NOL carryforward.
Multiple Losses. If the professor experiences more than one reproductive loss event within a 12- month period, the professor is limited to a total amount of reproductive loss leave time of 20 days within a 12-month period. The professor may take reproductive loss leave on nonconsecutive days. All reproductive loss leave shall be completed within three (3) months of the event entitling the unit member to the reproductive loss leave.

Related to Multiple Losses

  • Multiple Parties Except as otherwise expressly provided herein, if more than one person or entity Is named herein as either Lessor or Lessee, the obligations of such multiple parties shall be the joint and several responsibility of all persons or entities named herein as such Lessor or Lessee, Initials: ____ LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES. IF THIS LEASE HAS BEEN FILLED IN IT HAS BEEN PREPARED FOR YOUR ATTORNEYS REVIEW AND APPROVAL. FURTHER, EXPERTS SHOULD BE CONSULTED TO EVALUATE THE CONDITION OF THE PROPERTY FOR THE POSSIBLE PRESENCE OF ASBESTOS, UNDERGROUND STORAGE TANKS OR HAZARDOUS SUBSTANCES. NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION OR BY THE REAL ESTATE BROKERS OR THEIR CONTRACTORS, AGENTS OR EMPLOYEES AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT. OR TAX CONSEQUENCES OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES; THE PARTIES SHALL RELY SOLELY UPON THE ADVICE OF THEIR OWN COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE. IF THE SUBJECT PROPERTY IS IN A STATE OTHER THAN CALIFORNIA, AN ATTORNEY FROM THE STATE WHERE THE PROPERTY IS LOCATED SHOULD BE CONSULTED. The parties hereto have executed this Lease at the place and on the dates specified above their respective signatures. Executed at: ______________________________________________________ Executed at: ______________________________________________ on: _______________________________________________________________ on: _______________________________________________________ By LESSOR: By LESSEE: MICRO LINEAR CORPORATION ARTEST CORPORATION, a Delaware corporation a California corporation Name Printed: _____________________________________________________ Name Printed: _____________________________________________ Title: ____________________________________________________________ Title: ____________________________________________________ By: _______________________________________________________________ By: _______________________________________________________ Name Printed: _____________________________________________________ Name Printed: _____________________________________________ Title: ____________________________________________________________ Title: ____________________________________________________ Address: __________________________________________________________ Address: __________________________________________________ ___________________________________________________________________ ___________________________________________________________ Telephone: ( ) _______________________________________________ Telephone: ( ) _______________________________________ NOTE: These forms are often modified to meet changing requirements of law and needs of the industry. Always write or call to make sure you are utilizing the most current form: AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION, 000 Xxxxx Xxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxx, XX 00000. (000) 000-0000. Initials: ____ ____ FIRST ADDENDUM TO STANDARD INDUSTRIAL/ COMMERCIAL MULTI-TENANT LEASE - GROSS THIS FIRST ADDENDUM TO STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE (this "Addendum") is made by and between Micro Linear Corporation, a Delaware corporation ("Lessor") and Artest Corporation, a California corporation ("Lessee"), to be a part of that certain lease (the "Lease") of even date herewith between Lessor and Lessee concerning premises located at 2050 and 0000 Xxxxxxxxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx (the "Premises"). Lessor and Lessee agree that, notwithstanding anything to the contrary in the Lease, the Lease is hereby modified and supplemented as set forth below.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Losses After giving effect to the special allocations in Section 3.3 and 3.4 hereof, Losses for any Fiscal Year shall be allocated among the Unit Holders in proportion to Units held.

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