Common use of Alternative Minimum Tax Clause in Contracts

Alternative Minimum Tax. In any year in which alternative minimum tax (AMT) is payable by the Group, the consolidated tax shall be separated into two parts: regular tax and AMT. (1) Regular tax shall be allocated in accordance with the general allocation method set forth in section 2, above. (2) AMT will be allocated to each member of the Group based on the proportion of: (A) the excess of its separate company tentative minimum tax over its separate company regular tax liability, to (B) the aggregate of the excesses of such companies' tentative minimum tax amounts over their regular tax liability amounts. (3) Each member whose regular tax liability exceeds its tentative minimum tax on a separate company basis shall be excluded from this calculation and shall not be impacted by the Group's AMT liability. (4) The minimum tax credit shall be allocated to the members of the Group to which the associated AMT was allocated, in proportion to the associated AMT allocated to such members.

Alternative Minimum Tax. In any year in which alternative minimum tax (AMT) is payable by the Group, the consolidated tax shall be separated into two parts: regular tax and AMT. (1) Regular tax shall be allocated in accordance with the general allocation method set forth in section 2, above. (2) AMT will be allocated to each member of the Group based on the proportion of: (A) the excess of its separate company tentative minimum tax over its separate company regular tax liability, to (B) the aggregate of the excesses of such companies' ’ tentative minimum tax amounts over their regular tax liability amounts. (3) Each member whose regular tax liability exceeds its tentative minimum tax on a separate company basis shall be excluded from this calculation and shall not be impacted by the Group's ’s AMT liability. (4) The minimum tax credit shall be allocated to the members of the Group to which the associated AMT was allocated, in proportion to the associated AMT allocated to such members.