Plains Group definition

Plains Group has the meaning set forth in the first recital hereto.
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Plains Group means Plains, each Subsidiary of Plains (other than any member of the Spinco Group) immediately after the date hereof, including the Subsidiaries set forth in Schedule C, and each Person that becomes a Subsidiary of Plains after the date hereof.
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Examples of Plains Group in a sentence

  • In addition, Plains and Spinco acknowledge and agree that the tax sharing agreement in effect for the Plains Group as of December 31, 2001, shall be negated and canceled as of the Spin-Off Date.

  • To the extent that assets are assigned, sold, transferred or conveyed by a member of the Plains Group to Spinco or another member of the Spinco Group in contemplation of the Separation (as defined in the Distribution Agreement) or the Spin-Off and any such transaction is treated as a sale for Tax purposes, the aggregate purchase price shall be allocated among the assets assigned, sold, transferred or conveyed as determined by Plains in its sole discretion.

  • Except as otherwise provided in Paragraph 5, any amounts that Spinco shall be obligated to pay Plains pursuant to Paragraph 5 with respect to Tax periods of the Plains Group ending after the Spin-Off Date shall be paid within 30 days after filing of the Returns for such Tax periods.

  • In the event Spinco generates net operating losses or other Items of Loss or Tax Benefit after the Spin-Off Date that may otherwise be carried back to the taxable income or Tax liability of the Plains Group prior to the Spin-Off Date, Spinco agrees to relinquish the entire carry back period with respect to each such net operating loss or other Items of Loss or Tax Benefit under Section 172(b)(3) or other appropriate sections and to carry forward any such losses and other items.

  • Notwithstanding any other provision of this Agreement to the contrary, Plains shall not be obligated to pay Spinco for any Items of Loss or Tax Benefit of the Spinco Group used by the Plains Group to reduce its Federal income Tax liability or Federal taxable income for any Tax period ending on or before the Spin-Off Date.

  • Spinco, at its expense and upon providing reasonable assurances to Plains of Spinco's ability to pay any Taxes resulting from any such proposed adjustment, may contest such proposed adjustment; but in no event shall Spinco be permitted to accept or offer any settlement or compromise that would require the settlement or compromise of issues relating to the Tax liabilities of members of the Plains Group other than the Spinco Group.

  • In the event an amount otherwise payable by Spinco to Plains is deferred pursuant to clause (ii) of the immediately preceding sentence, such amount shall be paid by Spinco to Plains within 30 days after the filing of the Tax Return for the Tax period in which such Items of Loss or Tax Benefit of the Plains Group previously used by the Spinco Group would have been used by the Plains Group.

  • During the Employment Period, the Company shall use its reasonable best efforts to cause Executive to be elected or appointed to the Board and to the board of directors of any Subsidiary in the North East Group and Central Plains Group.

  • Plains and the other members of the Plains Group shall have no Liability to Spinco and its Subsidiaries with respect to their furnishing any of the Services hereunder except for Liabilities arising out of or resulting from the gross negligence or willful misconduct of Plains occurring after the date hereof.

  • Prior to Mr. O’Callaghan’s retirement in December 2022 from Blake, Cassels & Graydon LLP (“Blakes”), Mr. O’Callaghan was not considered to be independent as he was a partner at a law firm which provided professional services to the Corporation.

Related to Plains Group

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • Group the Company and its subsidiaries

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • boycott energy companies means, without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company because the company:

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • GP means Gottbetter & Partners, LLP.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Horizon means Horizon Technology Finance Corporation.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • DG means Distributed Generation.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Holdco has the meaning set forth in the Preamble.

  • Brands means the Sprint PCS Brands and the Sprint Brands.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved