Common use of Alternative Minimum Tax Liability or Minimum Tax Credit Utilized Clause in Contracts

Alternative Minimum Tax Liability or Minimum Tax Credit Utilized. Calculate the alternative minimum tax for each Member. The alternative minimum tax of a Member is the sum of (i) the separate alternative minimum tax of the Member calculated in step 2C and (ii) the allocated consolidated AMT of the Member calculated in step 2E. A positive sum represents alternative minimum tax liability incurred (minimum tax credit generated), and a negative sum represents minimum tax credit utilized (regular tax liability reduced).