Consolidation Year definition

Consolidation Year means any taxable period (or portion thereof) ending on or before the date on which Deconsolidation occurs.
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Examples of Consolidation Year in a sentence

  • Valvoline shall (and shall cause members of the Valvoline Group to) waive, to the extent permitted under applicable Law, carrybacks of Tax Attributes from any Post-consolidation Year to any Consolidation Year unless such carryback does not have a material effect on Ashland Global (as determined by Ashland Global in its sole discretion).

  • If any member of the Valvoline Group carries back a Tax Attribute from a Post-consolidation Year to a Consolidation Year, no payment shall be due from Ashland Global with respect to that carryback, regardless of whether such carryback is required by Law or permitted by Ashland Global.

  • If any member of the MJN Group carries a Tax Attribute back from a Post-Deconsolidation Year to a Consolidation Year no payment shall be due from BMS with respect to that carryback unless such carryback does not have a material effect on BMS (determined by BMS acting in good faith).

  • MJN shall (and shall cause members of the MJN Group to) waive the carrybacks of any Tax Attributes to the extent permitted under applicable law from any Post-Deconsolidation Year to any Consolidation Year unless such carryback does not have a material effect on BMS (determined by BMS acting in good faith).

  • In the case of any audit or litigation with respect to a Blockbuster return for a Post- Consolidation Year, Blockbuster shall not settle or otherwise compromise any matter relating to the treatment of any item arising in an Agreement Year or a pre-Agreement Year in a manner which would affect the liability of Viacom to Blockbuster or Blockbuster to Viacom pursuant to Section 4 without the consent of Viacom, which consent shall not be unreasonably withheld.

  • If any member of the MJN Group carries back a Tax Attribute from a Post-Deconsolidation Year to a Consolidation Year no payment shall be due from BMS with respect to that carryback, regardless of whether such carryback is required by law or permitted by BMS.

  • MJN shall (and shall cause members of the MJN Group to) waive, to the extent permitted under applicable law, carrybacks of Tax Attributes from any Post-Deconsolidation Year to any Consolidation Year unless such carryback does not have a material effect on BMS (as determined by BMS in its sole discretion).

Related to Consolidation Year

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Post-Deconsolidation Period means any taxable period beginning after the date of a Deconsolidation Event.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Pre-Deconsolidation Period means any taxable period beginning on or prior to the applicable Deconsolidation Date.

  • Limitation Year means the Plan Year.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Deconsolidation shall have the meaning provided in the Recitals.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Fiscal Year End means the end of each Fiscal Year.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • 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.

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.

  • Fiscal Period means the period commencing on the Closing Date, and thereafter each period commencing on the day immediately following the last day of the immediately preceding Fiscal Period, and ending in each case at the close of business on the first to occur of the following dates:

  • Accounting Periods means each month.