Consolidated Federal Tax definition

Consolidated Federal Tax means the Federal Income Tax liability of a Consolidated Group determined on a consolidated basis.
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Consolidated Federal Tax means the consolidated Federal Tax liability of the CVS Consolidated Group for any period as to which a consolidated Federal Tax Return was or is filed by CVS or Melville, or any successor to either, for such group.
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Consolidated Federal Tax means any Federal Tax, the return for which includes Tax Items of both the Marathon Stock Group and the United States Steel Stock Group.
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Examples of Consolidated Federal Tax in a sentence

  • For the 1995 and 1996 Taxable years of the CVS Consolidated Group,(2) Linens shall pay, or cause to be paid, to CVS or Melville, with respect to 1995) an amount equal to (i) the Linens Group's share of the CVS Consolidated Group's Consolidated Federal Tax and Consolidated State Tax liability, determined in accordance with Exhibit A to this Agreement, and (ii) the Linens Group's share of the CVS Consolidated Group's Unitary State Tax liability, determined in accordance with Exhibit B to this Agreement.

  • Except as otherwise provided in this Section 3.01(a), the Company shall pay, on a timely basis, all Taxes due with respect to the United States consolidated income tax liability for Pre-Distribution Federal Periods ("Pre-Distribution Consolidated Federal Tax Liability").

  • TAP and its subsidiaries shall cooperate fully in providing Citigroup with all information and documents necessary or desirable to enable Citigroup to perform its obligations under paragraphs 3 through 13 hereof, including completion of audits by the IRS or other governmental agencies in connection with the Consolidated Federal Tax Return covered by this Agreement and determination of the proper liabilities for such Consolidated Federal Income Taxes.

  • CVS and its Post-Deconsolidation Affiliates will prepare, with the assistance of Linens and its Post-Deconsolidation Affiliates, and file the Consolidated Federal Tax Returns and the Consolidated State and Unitary State Tax Returns for all Pre-Deconsolidation Periods.

  • A similar rule shall apply to the extent the amount of the Health Subgroup’s Federal Tax Liability is adjusted at or prior to the time at which the Consolidated Federal Tax Return for such year is filed.

  • A similar rule shall apply to the extent the amount of the WebMD Subgroup’s Federal Tax Liability is adjusted at or prior to the time at which the Consolidated Federal Tax Return for such year is filed.

  • The State Parent shall notify TAP Promptly of an item of Tax Claim for any taxable period for which any TAP Subgroup Member was a Member of the Consolidated Federal Tax Return or the Combined State Tax Return.

  • At Citigroup's request, TAP shall join and shall cause its respective subsidiaries to join (if such corporations are Includible Corporations in the Citigroup Affiliated Group) in the Consolidated Federal Tax Return of Citigroup and, if required, execute its consent to each such filing on any form as may be prescribed therefor.

  • In the event that TAP or any of its subsidiaries, or successors in interest thereto, directly pays, or causes to pay all or a portion of the Consolidated Federal Income Taxes arising from the filing of such a Consolidated Federal Tax Return, Citigroup shall Promptly reimburse the member to the extent such payment exceeds such member's allocable Consolidated Federal Income Taxes, as determined herein.

  • Except as otherwise provided in paragraph 27 of this Agreement: Citigroup agrees to pay the Consolidated Federal Income Taxes arising from filing a Consolidated Federal Tax Return.


More Definitions of Consolidated Federal Tax

Consolidated Federal Tax means the consolidated Federal Tax liability of the Melville Consolidated Group for any period as to which a consolidated Federal Tax Return was or is filed by Melville, or any successor thereto, for such group. "Consolidated State Tax" shall mean with respect to each State, any income or franchise Tax payable with respect to a group of at least two corporations, other than a Unitary State Tax.
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Consolidated Federal Tax means the consolidated Federal Tax liability of the Xxxxxx Oil Consolidated Group for any period as to which a consolidated Federal Tax Return is filed by Xxxxxx Oil for such group.
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Consolidated Federal Tax means the United States federal income tax liability for a Taxable Period, as reflected on the Consolidated Federal Return and any Adjustments thereto thereafter determined.
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Related to Consolidated Federal Tax

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • After-imposed Federal tax means any new or increased Federal excise tax or duty, or tax that was exempted or excluded on the contract date but whose exemption was later revoked or reduced during the contract period, on the transactions or property covered by this contract that the Contractor is required to pay or bear as the result of legislative, judicial, or administrative action taking effect after the contract date. It does not include social security tax or other employment taxes.

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • consolidated basis means on the basis of the consolidated situation;

  • After-relieved Federal tax means any amount of Federal excise tax or duty, except social security or other employment taxes, that would otherwise have been payable on the transactions or property covered by this contract, but which the Contractor is not required to pay or bear, or for which the Contractor obtains a refund or drawback, as the result of legislative, judicial, or administrative action taking effect after the contract date.

  • Agreement combined tax rate means the sum of the tax rates:

  • Consolidated Fund means the Consolidated Fund established by this Constitution;

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) Available Cash.

  • Consolidated Net Loss for any fiscal period, means the amount which, in conformity with GAAP, would be set forth opposite the caption "net income" (or any like caption), as the case may be, on a consolidated statement of earnings of the Borrower and its Subsidiaries, if any, for such fiscal period.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Consolidated Interest Charges means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP.

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.