Separate Tax Liability definition

Separate Tax Liability means the Federal Separate Tax Liability and the State Separate Tax Liability, as applicable.

Separate Tax Liability means the amount owed by a Member under Section 2(a) hereof.

Separate Tax Liability means an amount equal to the Tax liability that ADESA and each ADESA Affiliate would be required to pay under the Tax Agreement and the State Tax Agreement, determined in accordance with past practice, and such amount shall be computed by ALLETE using the highest marginal corporate rate applicable to such tax (or rates, in the case of an item that affects more than one Tax) for the relevant taxable period (or portion thereof).

Examples of Separate Tax Liability in a sentence

• VMware’s liability for any and all payments of the VMware Separate Tax Liability for any Post-Deconsolidation Period shall be increased by the After Tax Amount with respect to such payment and decreased by the corresponding Tax Benefit, if any, attributable to such VMware Separate Tax Liability.

• The non-Filing Party shall provide such comments to the Filing Party within 15 days of receipt of the written calculation of the TRW Automotive Separate Tax Liability or TRW Separate Tax liability, as the case may be, or estimated TRW Automotive Separate Tax Liability or TRW Separate Tax Liability, as the case may be.

• Not later than three (3) days prior to each Estimated Tax Installment Date with respect to a taxable period for which a Consolidated Return or a Combined Return will be filed, VMware shall pay to EMC on behalf of the VMware Group an amount equal to the amount of any estimated VMware Separate Tax Liability that VMware otherwise would have been required to pay to a Taxing Authority on such Estimated Tax Installment Date.

• Not later than ten (10) business days prior to each Estimated Tax Installment Date with respect to a taxable period for which a Foreign Combined Return or Combined Return (described in Section 2.02 of this Agreement) will be filed, TRW shall pay to TRW Automotive on behalf of the TRW Group an amount equal to the amount of any estimated TRW Separate Tax Liability that TRW otherwise would have been required to pay to a Taxing Authority on such Estimated Tax Installment Date.

• Not later than ten (10) business days prior to each Estimated Tax Installment Date with respect to a taxable period for which a Consolidated Return or a Combined Return (described in Section 2.01 of this Agreement) will be filed, TRW Automotive shall pay to TRW on behalf of the TRW Automotive Group an amount equal to the amount of any estimated TRW Automotive Separate Tax Liability that TRW Automotive otherwise would have been required to pay to a Taxing Authority on such Estimated Tax Installment Date.

More Definitions of Separate Tax Liability

Separate Tax Liability means the Federal Separate Tax Liability or the State Separate Tax Liability, as applicable.

Separate Tax Liability of a Member means the amount of Federal income tax and state franchise or income tax that a Member would have paid (if any) if that Member had filed using the Separate Return Method for such taxable year. The Separate Tax Liability cannot be less than zero and is computed without regard to the AMT and MTC. and

Separate Tax Liability means, with respect to any member or members of the Harbor Global Group, an amount equal to the Tax liability that such member or members would have incurred if it had filed a consolidated return, combined return or a separate return, as the case may be, separate from the Parent Group for all Periods Before the Distribution, and such amount shall be computed by Parent using the highest marginal corporate Tax rate (or rates, in the case of an item that affects more than one Tax) for the relevant taxable period (or portion thereof), without giving effect to any carryforward or carryover of any Tax Item and in a manner consistent with (i) general Tax accounting principles, (ii) the Code and the Treasury regulations promulgated thereunder, (iii) any similar provisions of the laws of other jurisdictions, if applicable, and (iv) past practice, including payments between members for the use of tax losses or credits and with respect to audit adjustments thereto.

Separate Tax Liability means the Parent Separate Tax Liability or the Corp. Group Separate Tax Liability, as the case may be.

Separate Tax Liability means the amount, if any, in excess of (i) the "Tax Liability" (as herein defined) of the PRWW Consolidated Group for a taxable year determined by including ERT and its subsidiaries as members of that group as required under applicable Tax Law over (ii) the amount of Tax Liability of the PRWW Consolidated Group for such year determined as if ERT and its subsidiaries were not members of the group. If the amount calculated in subsection (ii) of this Section (1)(g) exceeds the amount calculated in subsection (i) of this Section (1)(g), such excess shall be a "Separate Tax Benefit."

Separate Tax Liability means an amount equal to the Tax liability that eFunds and each eFunds Affiliate would have incurred if they had filed a consolidated return, combined return or a separate return, as the case may be, separate from the Deluxe Group, for all Pre- Distribution Periods, and such amount shall be computed by Deluxe using the highest marginal corporate Tax rate (or rates, in the case of an item that affects more than one Tax) for the relevant taxable period (or portion thereof), giving effect to any carryforward or carryover of any Tax Asset and in a manner consistent with (i) general Tax accounting principles, (ii) the Code and the Treasury regulations promulgated thereunder, (iii) any similar provisions of the laws of other jurisdictions, if applicable, and (iv) past practice, if any.

Separate Tax Liability means the tax liability of a member (calculated using such member's specific tax attributes) determined as if a separate tax return were filed by such member on which all tax credits generated by such member were permitted without limitation and on which the tax liability before tax credits of a member incurring a loss for the year would be that refundable amount determined by computing a tax on such loss in the same manner as if the member had taxable income of an equal amount.