Examples of PCS Group in a sentence
The amount of the payment in respect of losses referred to in clause (i) of the preceding sentence shall be equal to $20 million times a fraction, the numerator of which shall be the retained losses in clause (i), and the denominator of which shall be the total amount of the net operating losses arising before 1997 that are attributable to the Western PCS Group as of the date of this Agreement.
Western PCS shall indemnify and hold WWC and all members of its Affiliated Group (other than the members of the Western PCS Group) harmless from and against all federal, state, local, foreign and other taxes and penalties and interest related thereto allocable to any member of the Western PCS Group pursuant to Sections 1.01 through 1.10 of this Agreement and taxes, penalties and interest of the members of the Western PCS Group where such items are not otherwise subject to the provisions of the Agreement.
Any payment required to be made under this Agreement after the Western PCS Group members cease to file a consolidated federal income Tax Return with WWC shall be increased so that the net amount retained by the corporation to which payment is due, after deduction of any tax due thereon, shall be equal to the amount otherwise due.
The amount of the tax reduction shall be an amount equal to $20 million times a fraction, the numerator of which shall be the amount of the Western PCS Group members' 1997 Reimbursable Losses utilized for the year of tax reduction, and the denominator of which shall be the total amount of the Western PCS Group members' 1997 net operating losses (computed without regard to any net operating loss carryover or carryback from any period).
WWC shall prepare and timely file, or shall cause the preparation and timely filing of, all federal, state, and other income tax returns ("Tax Returns") of the Western PCS Group.