Common use of Parent as Agent Clause in Contracts

Parent as Agent. Each Subsidiary hereby appoints Parent as its agent as long as such Subsidiary is a Member of the Group or such Subsidiary’s income is included in the consolidated federal tax return filed by the Group, in each case, for purposes of filing such consolidated federal income tax returns, making any election, application or taking any action in connection therewith on behalf of the Members of the Group. Each Subsidiary hereby consents to the filing of such returns and the making of such elections and applications.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Ambac Financial Group Inc), Tax Sharing Agreement (Ambac Financial Group Inc), Tax Sharing Agreement (Ambac Financial Group Inc)

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Parent as Agent. Each Subsidiary hereby appoints Parent as its agent as long as such Subsidiary is a Member of the Group or such Subsidiary’s 's income is included in the consolidated federal tax return filed by the Group, in each case, for purposes of filing such consolidated federal income tax returns, making any election, application or taking any action in connection therewith on behalf of the Members of the Group. Each Subsidiary hereby consents to the filing of such returns and the making of such elections and applications.

Appears in 2 contracts

Samples: Tax Sharing Agreement, Tax Sharing Agreement

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Parent as Agent. Each Subsidiary hereby appoints Parent as its agent as long as such Subsidiary is a Member for the purpose of the Group or such Subsidiary’s income is included in the consolidated federal tax return filed by the Group, in each case, for purposes of (i) filing such consolidated federal Federal income tax returnsreturns for the Group as Parent may elect or be required to file, (ii) making any electionFederal election (including, application without limitation, selecting methods of accounting) or (iii) taking any other action in connection therewith on behalf of the Members members of the Group. Each Subsidiary hereby consents to the filing of such returns and returns, the making of such elections and applicationsapplications and the taking of such action.

Appears in 1 contract

Samples: Tax Allocation Agreement (MRS Fields Holding Co Inc)

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