Common use of Separate Tax Liability Clause in Contracts

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASIC, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which ASIC is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASICthe ASFC Group, defined below, on a hypothetical separate return consolidated basis ("Separate Tax Liability"), ) for each Tax Year, or for any part of a Tax Year during which ASIC ASFC is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASICAST, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which ASIC AST is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASICASLI, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which ASIC ASLI is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASICASP, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which ASIC ASP is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows:

Separate Tax Liability. Periodic computations shall be made of the federal income tax liability of ASICASL, on a hypothetical separate return basis ("Separate Tax Liability"), for each Tax Year, or for any part of a Tax Year during which ASIC ASL is included in the LNC Consolidated Group. Computations shall be made at least once per quarter to support the required payments of quarterly estimated taxes and shall also be made at the time of the original and extended due dates for the filing of the federal income tax return for each Tax Year. Such Separate Tax Liability shall be calculated as follows: