State of Illinois Corporate Income Tax Returns Sample Clauses

State of Illinois Corporate Income Tax Returns. All State of Illinois corporate income tax returns that may be or are required to be filed by Xxxxxxx for periods beginning on or before the Distribution Date shall be prepared and filed by Xxxxxxx on a unitary group basis and shall include members of the Midas Group. To permit Xxxxxxx to prepare and file such returns, Midas or International shall, for each taxable period for which it is included in the Illinois state income tax return of Xxxxxxx'x unitary group, provide Xxxxxxx with (i) a computation of the Illinois corporate income tax liability of each member of the Midas Group, prepared on both a separate company basis as well as on a unitary basis which includes all members of the Midas Group; (ii) a reconciliation of its separate company Illinois corporate taxable income to its separate taxable income for U.S. federal income tax purposes (as determined pursuant to Section 2.02(a) above); and (iii) the apportionment factors prescribed by Illinois law and all other information necessary or appropriate for the proper apportionment of the unitary group income. Each member of the Midas Group shall use its best efforts to provide Xxxxxxx with the above material on or before the first day of the sixth month following the end of each such period, but in any event such material shall be provided no later than the fifteenth day of such sixth month. Simultaneously with providing the aforesaid material, Midas shall pay to Xxxxxxx the lesser of (x) the aggregate amount of the separate company Illinois tax liability of each member of the Midas Group for each such period, or (y) the Illinois corporate income tax liability as computed above for the Midas Group on a unitary basis, in either case reduced by all estimated payments theretofore made to Xxxxxxx on account of such liability, or if such estimated payments in the aggregate exceed the aggregate Illinois tax liability for the Midas Group, Xxxxxxx shall pay such excess to International within five (5) days of filing by Xxxxxxx of its Illinois corporate income tax return for such period. Anything herein to the contrary notwithstanding, Midas or International on behalf of all of the members of the Midas Group shall make estimated Illinois corporate income tax payments to Xxxxxxx at such time and in such amount as shall permit Xxxxxxx to remit the same to the appropriate authority on a timely basis, but in any event each such payment shall be made within five (5) days of Xxxxxxx'x written demand for the same.
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Related to State of Illinois Corporate Income Tax Returns

  • INCOME TAX RETURNS Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Tax Returns Except as set forth on Schedule 3.13:

  • Income Tax Returns and Reports The Trustee shall, to the extent necessary, prepare and file on behalf of the Trust appropriate United States and Canadian income tax returns and any other returns or reports as may be required by applicable law or pursuant to the rules and regulations of any securities exchange or other trading system through which the Exchangeable Shares are traded.

  • Tax Returns and Elections The Company shall cause to be prepared and timely filed all federal, state and local income tax returns or other returns or statements required by applicable law. As soon as reasonably practicable after the end of each fiscal year of the Company, the Company shall cause to be prepared and delivered to the Member all information with respect to the Company necessary for the Member’s federal and state income tax returns.

  • Other Tax Returns Subject to Section 7.01, the Managers shall cause to be prepared and filed all necessary tax returns for the Company.

  • Tax Returns; Taxes Except as otherwise disclosed on Schedule 3.13:

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Amended Tax Returns (a) Subject to Section 4.4 and notwithstanding Section 2.1 and Section 2.2, a Party (or its Subsidiary) that is entitled to file an amended Tax Return for a Pre-Distribution Tax Period or a Straddle Tax Period for members of its Tax Group shall be permitted to prepare and file an amended Tax Return at its own cost and expense; provided, however, that (i) such amended Tax Return shall be prepared in a manner consistent with (and the Parties and their Affiliates shall not take any position inconsistent with) past practices of the Parties and their Affiliates or supported by an unqualified reasoned “should” or “will” opinion of a Qualified Tax Advisor, unless otherwise modified by a Final Determination or required by applicable Law, the IRS Ruling, the Tax Representation Letters, or the Tax Opinions; and (ii) if such amended Tax Return could result in one or more other Parties becoming responsible for a payment of Taxes pursuant to Article III or a payment to a Party pursuant to Article IX, such amended Tax Return shall be permitted only if the consent of such other Parties is obtained. The consent of such other Parties shall not be withheld unreasonably and shall be deemed to be obtained in the event that a Party (or its Subsidiary) is required to file an amended Tax Return as a result of an Audit adjustment that arose in accordance with Article IX.

  • Signature on Returns; Tax Matters Partner (a) The Trust Depositor shall sign on behalf of the Trust the tax returns of the Trust.

  • Tax Returns and Payments Each of the Company and each of its Subsidiaries has timely filed all tax returns (federal, state and local) required to be filed by it. All taxes shown to be due and payable on such returns, any assessments imposed, and all other taxes due and payable by the Company or any of its Subsidiaries on or before the Closing, have been paid or will be paid prior to the time they become delinquent. Except as set forth on Schedule 4.13, neither the Company nor any of its Subsidiaries has been advised:

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