Payment of Consolidated Federal Income Tax Sample Clauses

Payment of Consolidated Federal Income Tax. Sears Holdings shall be responsible for all payments of federal income Tax due with respect to the Consolidated Group.
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Payment of Consolidated Federal Income Tax. Parent shall be responsible for all payments of federal income Tax due with respect to the Consolidated Group.
Payment of Consolidated Federal Income Tax. Genworth shall be responsible for all payments of federal income tax due with respect to the Consolidated Group.
Payment of Consolidated Federal Income Tax. (a) CFI shall pay all Taxes due with respect to the consolidated federal income tax liability (including any minimum tax or environmental tax liability) of the Consolidated Group for all taxable periods ending before or including the Distribution Date. Holdings shall pay to CFI an amount equal to Holdings' and Holdings Affiliates' share of such Taxes as determined in the manner provided in Section 3.01. Furthermore, Holdings shall make estimated tax payments to CFI or receive refunds on or before the statutory payment dates under a method generally consistent with past practices as reasonably determined by CFI. CFI hereby acknowledges that, upon resolution of the intercompany accounts as of the Distribution Date, all federal Taxes have been paid by Holdings and Holdings Affiliates with respect to federal consolidated Tax Returns that have been filed for any period up to and including the year ended December 31, 1995, and Holdings and Holdings Affiliates shall have no further liability in respect thereof except as otherwise provided in this Agreement.
Payment of Consolidated Federal Income Tax. CEC shall be responsible for the remittance of all payments of federal income Tax, including estimated Tax, due with respect to the CEC Consolidated Group. Subject to Section 6.04, for the taxable period of the CIE Companies ending on the Deconsolidation Date, the CIE Companies shall pay to CEC, at the times provided by Section 3.04, the amounts determined under Section 3.02 of this Agreement with respect to such taxable period.
Payment of Consolidated Federal Income Tax. SHC shall be responsible for all payments of federal income Tax due with respect to the Consolidated Group.
Payment of Consolidated Federal Income Tax. Sears Holdings shall be responsible for all payments of federal income Tax, including estimated Tax, due with respect to the Consolidated Group. For taxable periods beginning after January 1, 2005, the Orchard Companies shall pay to Sears Holdings, at the times provided by section 3.04, the amounts determined under section 3.02 herein.
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Payment of Consolidated Federal Income Tax. CEI shall pay all Taxes due with respect to the consolidated federal income tax liability of the Consolidated Group. Each CEI Affiliate shall pay to CEI an amount equal to its share of such consolidated federal income tax liability as determined under Sections 3.02 and 3.03. CRI shall pay to CEI an amount equal to the CRI Group's share of such consolidated federal income tax liability as determined under Sections 3.02 and 3.03.

Related to Payment of Consolidated Federal Income Tax

  • Federal Income Tax Allocations Net income of the Trust for any month as determined for federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof) during which the beneficial ownership interests in the Trust are held by more than one Person shall be allocated:

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Federal Income Taxes For a brief description of the tax effects of an investment in the notes, see “U.S. Federal Income Tax Considerations” on page S-12 of the attached prospectus supplement and page 61 of the attached prospectus.

  • Federal Income Tax Matters The Certificateholders acknowledge that it is their intent and that they understand it is the intent of the Depositor and the Servicer that, for purposes of federal income, State and local income and franchise tax and any other income taxes, the Trust will be treated either as a disregarded entity under Treasury Regulation Section 301.7701-3 or as a partnership, and that the Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate agree to such treatment and agree to take no action inconsistent with such treatment. For each calendar quarter, other than periods in which there is only one Certificateholder:

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

  • Treatment of Tax Indemnity and Tax Benefit Payments In the absence of any change in Tax treatment under the Code or other applicable Tax Law,

  • Federal Income Tax Treatment of the Trust (a) For so long as the Trust has a single owner for federal income tax purposes, it will, pursuant to Treasury Regulations promulgated under section 7701 of the Code, be disregarded as an entity distinct from the Certificateholder for all federal income tax purposes. Accordingly, for federal income tax purposes, the Certificateholder will be treated as (i) owning all assets owned by the Trust and (ii) having incurred all liabilities incurred by the Trust, and all transactions between the Trust and the Certificateholder will be disregarded.

  • Compliance with Certain Requirements of Regulations; Deficit Capital Accounts In the event the Company is “liquidated” within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made pursuant to this Article X to the Unit Holders who have positive Capital Accounts in compliance with Regulations Section 1.704-1(b)(2)(ii)(b)(2). If any Unit Holder has a deficit balance in such Member’s Capital Account (after giving effect to all contributions, distributions and allocations for all Fiscal Years, including the Fiscal Year during which such liquidation occurs), such Unit Holder shall have no obligation to make any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed to the Company or to any other Person for any purpose whatsoever. In the discretion of the Liquidator, a pro rata portion of the distributions that would otherwise be made to the Unit Holders pursuant to this Article X may be: (i) distributed to a trust established for the benefit of the Unit Holders for the purposes of liquidating Company assets, collecting amounts owed to the Company, and paying any contingent or unforeseen liabilities or obligations of the Company, in which case the assets of any such trust shall be distributed to the Unit Holders from time to time, in the reasonable discretion of the Liquidator, in the same proportions as the amount distributed to such trust by the Company would otherwise have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement; or (b) withheld to provide a reasonable reserve for Company liabilities (contingent or otherwise) and to reflect the unrealized portion of any installment obligations owed to the Company, provided that such withheld amounts shall be distributed to the Unit Holders as soon as practicable.

  • Federal Income Tax Withholding The Bank may withhold all federal and state income or other taxes from any benefit payable under this Agreement as shall be required pursuant to any law or governmental regulation or ruling.

  • Federal Income Tax Elections The Member shall make all elections for federal income tax purposes.

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