Common use of Unused Tax Benefits Clause in Contracts

Unused Tax Benefits. If the member’s tax benefits are not used to reduce the Consolidated Group’s tax liability on the consolidated return, the member shall retain the tax benefits for possible future use.

Appears in 2 contracts

Samples: Federal Income Tax Sharing Agreement (Ameriprise Certificate Co), Federal Income Tax Sharing Agreement (Riversource Life Insurance Co)

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Unused Tax Benefits. If the memberMember’s tax benefits are not used to reduce the Consolidated Affiliated Group’s tax liability on the consolidated returnConsolidated Return, the member Member shall retain the tax benefits for possible future useuse in calculating its separate tax liability, estimated tax or refund of tax.

Appears in 1 contract

Samples: Tax Sharing Agreement (Gainbridge Life Insurance Co)

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Unused Tax Benefits. If the member’s tax benefits are not used to reduce the Consolidated Group’s current tax liability on the consolidated returnliability, the member shall retain the tax benefits for possible future use.

Appears in 1 contract

Samples: Income Tax Sharing Agreement (Ameriprise Certificate Co)

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