Common use of NEET Rule Clause in Contracts

NEET Rule. Notwithstanding any oxxxx xxxxxxxxns herein, NEET shall be paid, in lieu of any payments for its corporate tax losses, credits, or other net tax benefits, the amount, if any, by which the consolidated tax liability determined without the inclusion of NEET's corporate tax benefits in the consolidated return exceeds the actual consolidated tax liability, all in accordance with the Phase I Terminal Facility Support Agreement, dated as of December 1, 1981, and amended as of June 1, 1982, November 1, 1982 and January 1, 1986.

Appears in 1 contract

Samples: Allocation Agreement (National Grid Group PLC)

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NEET Rule. Notwithstanding Noxxxxxxxxxding any oxxxx xxxxxxxxns other provisions herein, NEET shall be paid, in lieu of any payments for its corporate tax losses, credits, or other net tax benefits, the amount, if any, by which the consolidated tax liability determined without the inclusion of NEET's corporate tax benefits NEET in the consolidated return exceeds the actual consolidated tax liability, all in accordance with the Phase I Terminal Facility Support Agreement, dated as of December 1, 1981, and amended as of June 1, 1982, November 1, 1982 and January 1, 1986.

Appears in 1 contract

Samples: Tax Allocation Agreement (National Grid Group P L C)

NEET Rule. Notwithstanding any oxxxx xxxxxxxxns xxxxx xxxxxxxons herein, NEET shall be paid, in lieu of any payments for its corporate tax losses, credits, or other net tax benefits, the amount, if any, by which the consolidated tax liability determined without the inclusion of NEET's corporate tax benefits in the consolidated return exceeds the actual consolidated tax liability, all in accordance with the Phase I Terminal Facility Support Agreement, dated as of December 1, 1981, and amended as of June 1, 1982, November 1, 1982 and January 1, 1986.

Appears in 1 contract

Samples: Allocation Agreement (National Grid Group PLC)

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NEET Rule. Notwithstanding any oxxxx xxxxxxxxns other provisions herein, NEET shall be sxxxx xx paid, in lieu of any payments for its corporate tax losses, credits, or other net tax benefits, the amount, if any, by which the consolidated tax liability determined without the inclusion of NEET's corporate tax benefits NEET in the consolidated return exceeds the actual consolidated tax liability, all in accordance with the Phase I Terminal Facility Support Agreement, dated as of December 1, 1981, and amended as of June 1, 1982, November 1, 1982 and January 1, 1986.

Appears in 1 contract

Samples: Tax Allocation Agreement (National Grid Group P L C)

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