Consolidated Return Year definition

Consolidated Return Year means any taxable year for which a Consolidated Return is filed.

Consolidated Return Year means any period during which BNPP USA files a consolidated federal income tax return or Other Return that includes one or more Members of the BNPP USA Group in a consolidated, combined or unitary group of which BNPP USA Inc. is a common parent. “Consolidated Taxable Income” is the taxable income of the Consolidated Group as computed for federal or state income tax purposes.

Consolidated Return Year means any taxable year (i) during any part of which Sub is a member of the ADL Affiliated Group, and (ii) with respect to which the ADL Affiliated Group files a consolidated Federal Income Tax Return under Section 1501 of the Code.

Examples of Consolidated Return Year in a sentence

• If a Subsidiary has Uncompensated Benefits for the taxable year that, had it filed separate returns, under the rules of the Code could have been carried back to a prior Consolidated Return Year in which it had positive Corporate Taxable Income (the “Carryback Year”), the Separate Return Tax of such Subsidiary for the Carryback Year (and, to the extent required, for subsequent years) shall be recalculated taking such Uncompensated Benefits into account.

• Subject to Section 4.07, the tax charge payable by, or the tax refund payable to, a Subsidiary under this Agreement for any Consolidated Return Year shall be the amount that would have been payable if the Subsidiary were actually filing its Pro Forma Subsidiary Return for such Consolidated Return Year.

• Provided that a Subsidiary shall have made all payments required to have been made by it pursuant to this Agreement for any Consolidated Return Year, MBIA shall hold such Subsidiary harmless from any claims by the IRS in connection with the Consolidated Group’s Federal income tax liability, whether under Section 1.1502-6 of the Regulations or otherwise, for such Consolidated Return Year.

• The difference between (1) a Member’s estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member’s actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to FirstEnergy or by FirstEnergy within sixty days after the filing of the consolidated federal income tax return.

• This Agreement shall apply to the Consolidated Return Year ending December 31, 2000 and all subsequent Consolidated Return Years unless the Parent and the Subsidiaries agree to terminate the Agreement.

More Definitions of Consolidated Return Year

Consolidated Return Year means any period during which EUSH files a consolidated federal income tax return or Other Return that includes one or more Members of the Group in a consolidated, combined or unitary group of which EUSH is a common parent.

Consolidated Return Year means any period during which FirstEnergy files a consolidated federal income tax return or Other Return that includes one or more Members of the FirstEnergy Group in a consolidated, combined or unitary group of which FirstEnergy is a common parent. “Consolidated Taxable Income” is the taxable income of the Consolidated Group as computed for federal or state income tax purposes.

Consolidated Return Year means any Taxable year or period during which HNC owns outstanding stock of Retek in such amounts and having such characteristics as shall meet the requirements of Section 1504(a)(1) of the Code.

Consolidated Return Year means any taxable year or period for which P or any one or more subsidiaries of P owns an amount of Corp’s outstanding stock which meets the requirements of section 1504(a)(1) of the Code.

Consolidated Return Year means any taxable year or period with respect to which C-Cube is required to file a Consolidated Group Return as the common parent corporation.

Consolidated Return Year means any taxable year or period for which MBIA files a consolidated Federal income tax return with at least one Subsidiary.

Consolidated Return Year means any period during which PHI files a consolidated federal income tax return or other state income tax return that includes one or more Members of the PHI Group in a consolidated, combined or unitary group of which PHI is a common parent. If a company is a Member for only a part of a tax year, that part shall be deemed to be that Member’s tax year for all purposes.