Common use of Responsibility for Tax Returns and Tax Payments Clause in Contracts

Responsibility for Tax Returns and Tax Payments. For any period in which ASIC owns any stock of ASL, but ASL is not included in the LNC Consolidated Group, ASL shall be responsible for filing all federal, state, local, and foreign tax returns relevant to it and shall also be responsible for paying any such taxes payable by it. Furthermore, any federal, state, local, or foreign tax liabilities which are not calculated on a consolidated basis with part or all of the LNC Consolidated Group shall be the responsibility of the entity incurring such liability even if ASL is filing as part of the LNC Consolidated Group for federal income tax purposes.

Responsibility for Tax Returns and Tax Payments. For any period in which ASIC owns any stock of ASLASLI, but ASL ASLI is not included in the LNC Consolidated Group, ASL ASLI shall be responsible for filing all federal, state, local, and foreign tax returns relevant to it and shall also be responsible for paying any such taxes payable by it. Furthermore, any federal, state, local, or foreign tax liabilities which are not calculated on a consolidated basis with part or all of the LNC Consolidated Group shall be the responsibility of the entity incurring such liability even if ASL ASLI is filing as part of the LNC Consolidated Group for federal income tax purposes.

Responsibility for Tax Returns and Tax Payments. For any period in which ASIC owns any stock of ASLASP, but ASL ASP is not included in the LNC Consolidated Group, ASL ASP shall be responsible for filing all federal, state, local, and foreign tax returns relevant to it and shall also be responsible for paying any such taxes payable by it. Furthermore, any federal, state, local, or foreign tax liabilities which are not calculated on a consolidated basis with part or all of the LNC Consolidated Group shall be the responsibility of the entity incurring such liability even if ASL ASP is filing as part of the LNC Consolidated Group for federal income tax purposes.

Responsibility for Tax Returns and Tax Payments. For any period in which ASIC ASFC owns any stock of ASLASIC, but ASL ASIC is not included in the LNC Consolidated Group, ASL ASIC shall be responsible for filing all federal, state, local, and foreign tax returns relevant to it and shall also be responsible for paying any such taxes payable by it. Furthermore, any federal, state, local, or foreign tax liabilities which are not calculated on a consolidated basis with part or all of the LNC Consolidated Group shall be the responsibility of the entity incurring such liability even if ASL ASIC is filing as part of the LNC Consolidated Group for federal income tax purposes.