Separate Taxable Income Clause Samples
Separate Taxable Income. For purposes of this Agreement, the Separate Taxable Income of each member of the Consolidated Group shall be determined under Treas. Reg. Section 1.1502-12 with the adjustments provided in Treas. Reg. Section 1.1552-1(a)(1)(ii).
Separate Taxable Income. For purposes of this Agreement, the Separate Taxable Income of a Subsidiary for a taxable year shall be its taxable income for such year determined as if such Subsidiary were not a member of the Consolidated Group and after applying any loss carryback or carryforward to that year as provided in paragraph I.F.