Common use of United States Federal Income Tax Clause in Contracts

United States Federal Income Tax. For purposes of Section 3.2, the amount of U.S. federal Income Tax attributable to the FTD Business shall be the amount of such U.S. federal Income Taxes that the FTD Tax Group would have been required to pay on a consolidated basis if the FTD Tax Group had paid tax on behalf of an affiliated group consisting only of the FTD Group, as determined in a manner consistent with the following principles: (i) including only Tax Items of members of the FTD Tax Group that were included in the relevant UOL Tax Group consolidated Tax Return; (ii) using all elections, accounting methods and conventions used on the UOL Tax Group consolidated Tax Return for such period; and (iii) applying the highest statutory marginal corporate Income Tax rate in effect for such taxable period.