Common use of Tax Consolidations Clause in Contracts

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person any of Borrower's Subsidiaries; provided that in the event Borrower files a consolidated return with any such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Rankin Automotive Group Inc)

AutoNDA by SimpleDocs

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than Holding Parties, Borrowers or any of Borrower's their respective Subsidiaries; provided that in the event any Borrower files a consolidated return with any a Corporate Guarantor, such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had such Borrower not filed a consolidated return with such PersonCorporate Guarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Corp)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than Systems, Borrowers or any of Borrower's their respective Subsidiaries; provided that and in the event any Borrower or Guarantor files a consolidated return with any Systems, such Person, Borrower's or Guarantor's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been if such Borrower had Borrower not filed a consolidated return with such Personreturn.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any of Borrower's Subsidiaries’s Subsidiaries or Intermediate Holding; provided that in the event Borrower files a consolidated return with Intermediate Holding or any such other Person, Borrower's ’s contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with Holdings or such other Person.

Appears in 1 contract

Samples: Banctec Inc

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any other Borrower or any of Borrower's their Subsidiaries; , provided that in the event Borrower files a consolidated return with any such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Skechers Usa Inc)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than Parent or any of Borrower's its Subsidiaries; , provided that in the event Borrower files a consolidated return with any such Person, Borrower's ’s contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any of Borrower's Subsidiaries; provided that in the event Borrower files a consolidated return with any such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any other Borrowers or any of Borrower's their Subsidiaries; , or any Guarantor, provided that in the event a Borrower files a consolidated return with any such Person, such Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had such Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Credit Agreement (Recoton Corp)

AutoNDA by SimpleDocs

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any of Borrower's Subsidiariesother Loan Party; provided that in the event any Borrower files a consolidated return with any other Loan Party (other than another Borrower), such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had such Borrower not filed a consolidated return with such Personother Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Operating Co)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any of Borrower's its Subsidiaries; , or any Guarantor, provided that in the event Borrower the Company files a consolidated return with any such Person, Borrower's the Company’s contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower the Company not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Securities Purchase Agreement, Guaranty and Registration Rights Agreement (Recoton Corp)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than Holdings or any of Borrower's its Subsidiaries; provided that in the event any Borrower files a consolidated return with any Holdings, such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had such Borrower not filed a consolidated return with such PersonHoldings.

Appears in 1 contract

Samples: Loan and Security Agreement (Belding Heminway Co Inc /De/)

Tax Consolidations. File or consent to the filing of any consolidated income tax return with any Person other than any other Borrowers or any of Borrower's their Subsidiaries; , or any Guarantor, provided that in the event a Borrower files a consolidated return with any such Person, such Borrower's ’s contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had such Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan Agreement (Recoton Corp)

Tax Consolidations. File or consent to the filing of any ------------------ consolidated income tax return with any Person other than any of Borrower's Subsidiaries; provided that in the event Borrower files a consolidated return -------- with any such Person, Borrower's contribution with respect to taxes as a result of the filing of such consolidated return shall not be greater, nor the receipt of tax benefits less, than they would have been had Borrower not filed a consolidated return with such Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.