Stand Alone Method Sample Clauses

Stand Alone Method. The following rules shall apply for purposes of computing Ribapharm's liability under the Stand Alone Method: (i) transactions during any Consolidated Period between a member of the Ribapharm Group and a member of the ICN Group that is not a member of the Ribapharm Group shall, for Federal Income Tax purposes, be accounted for pursuant to the provisions of the regulations under IRC Section 1502 that govern intercompany transactions (and to the extent appropriate for State or Foreign Income Tax purposes, similar rules shall apply in the case of transactions between such members which are included in State or Foreign Consolidated or Combined Income Tax Returns); (ii) during Consolidated Periods all computations shall be made in conformity with the positions, elections and accounting methods used by ICN in preparing the consolidated returns of the ICN Group; (iii) the highest marginal tax rate to which the Ribapharm Group could be subject under applicable Tax Law shall be deemed to be the only Tax rate to which such group is subject under such law; and (iv) subject to (i) through (iii) above, all computations and other determinations shall be made in accordance with the the laws and regulations applying to affiliated groups filing consolidated returns (including, in the case of any company that becomes or ceases to be a member of any Group, the laws and regulations applicable to a company that becomes or ceases to be a member of a such Group), as well as all other relevant federal Tax laws and regulations (and similar rules shall apply in the case of State or Foreign Taxes in respect to Consolidated or Combined Returns for such Taxes).
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Stand Alone Method. HERMES shall prepare all of the proforma Tax Returns of the HERMES Combined Group, and except as provided in Article VIII, RHI and HERMES shall make all other computations and determinations under this Agreement relating to the HERMES Combined Group or any of its members, using the “Stand-Alone Method.” The Stand-Alone Method is the method that would apply to the HERMES Combined Group if it never were a part of the RHI Group, but instead filed its own consolidated, combined, unitary or other return under the applicable provisions of state or local tax law and regulations dealing with such returns. Under the Stand-Alone Method, (a) the income, gains, expenses, deductions, losses, credits and other items in any taxable period of any member of the RHI Group that is not a member of the HERMES Combined Group shall be disregarded; (b) the income, gains, expenses, deductions, losses, credits, and other items in any taxable period of all members of the HERMES Combined Group shall be taken into account; (c) all computations shall be made in conformity with the positions, elections and accounting methods used by RHI in preparing the Combined Returns; provided that such positions, elections, and accounting methods to be applied to the HERMES Combined Group are consistent with those to be applied to the remainder of the RHI Group; and (d) subject to (c), all computations and other determinations shall be made in accordance with the state and local tax laws and regulations applying to consolidated, combined or unitary groups (including, in the case of any company that becomes or ceases to be a member of the HERMES Combined Group, the laws and regulations applicable to a company that becomes or ceases to be a member of a consolidated, combined or unitary group), as well as all other relevant state and local tax laws and regulations. The parties shall negotiate in good faith to resolve any disagreement over the proper interpretation and application of the Stand-Alone Method as it relates to any and all items and calculations reflected in the computation of the HERMES Combined Group’s proforma tax liability, an overpayment or refund of such liability, a recomputation of such liability (together with any related interest and any penalty or additional amount for which HERMES bears liability under Section 5.03) upon a subsequent adjustment of the RHI Group’s tax liability, or a carryforward or carryback of a loss, credit or other tax attribute of the HERMES Combined Group or...
Sample 1
Stand Alone Method. GNE shall prepare all of the proforma tax returns of the GNE Consolidated Group, and RHI and GNE shall make all other computations and determinations under this Agreement relating to the GNE Consolidated Group or any of its members, using the "Stand-Alone Method." The Stand-Alone Method is the method that would apply to the GNE Consolidated Group if it never were a part of the RHI Group, but instead filed its own consolidated or combined return under the applicable provisions of federal, state or local tax law and regulations dealing with such returns (provided, however, that transactions between (x) a member of the GNE Group and (y) a member of the RHI Group that is not a member of the GNE Group, shall be accounted for pursuant to the provisions of the regulations under IRC Section 1502 that govern intercompany transactions). Under the Stand-Alone Method, (a) the income, gains, expenses, deductions, losses and credits in any taxable period of any member of the RHI Group that is not a member of the GNE Consolidated Group shall be disregarded, (b) the income, gains, expenses, deductions, losses and credits in any taxable period of any member of the GNE Consolidated Group shall be taken into account, (c) all computations shall be made in conformity with the positions, elections and accounting methods used by RHI in preparing the consolidated and combined
Sample 1

Related to Stand Alone Method

  • Allocation Method (Choose one of a. or b.):

  • Payment Method The Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the policy in force.

  • Service Providing Methodology 1.3.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services.

  • Settlement Method For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.

  • Settlement Method Election Date The third Scheduled Trading Day immediately preceding the First Expiration Date.

  • PREMIUM PAYMENT METHOD The Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the policy in force.

  • Simple Interest Method All payments with respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method.

  • Supplier Selection If Customer selects a seat or galley supplier that is not on the Boeing recommended list, such seat or galley will become BFE and the provisions of Exhibit A, Buyer Furnished Equipment Provisions Document, of the AGTA will apply.

  • Settlement Method Election Physical Settlement, Cash Settlement, or Net Share Settlement, at the election of Counterparty as set forth in a Settlement Notice that satisfies the Settlement Notice Requirements; provided that Physical Settlement shall apply (i) if no Settlement Method is validly selected, (ii) with respect to any Settlement Shares in respect of which Dealer is unable, in good faith and in its commercially reasonable discretion, to unwind its commercially reasonable hedge by the end of the Unwind Period (taking into account any Additional Transactions with overlapping “Unwind Periods” (as defined in the applicable Additional Confirmations)) (A) in a manner that, in the reasonable discretion of Dealer, based on advice of counsel, is consistent with the requirements for qualifying for the safe harbor provided by Rule 10b-18 under the Exchange Act (“Rule 10b-18”) or (B) in its commercially reasonable judgment, due to the occurrence of five or more Disrupted Days or to the lack of sufficient liquidity in the Shares on any Exchange Business Day during the Unwind Period, (iii) to any Termination Settlement Date (as defined under “Termination Settlement” in Paragraph 7(g) below) and (iv) if the Final Date is a Settlement Date other than as the result of a valid Settlement Notice, in respect of such Settlement Date; provided, further, that, if Physical Settlement applies under clause (ii) immediately above, Dealer shall provide written notice to Counterparty at least two Scheduled Trading Days prior to the applicable Settlement Date.

  • Representation Method of Testing (i)(a) (i)

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