AMT NOL Usage Payment Sample Clauses

The AMT NOL Usage Payment clause establishes the terms under which a party compensates another for the use of Net Operating Losses (NOLs) in relation to the Alternative Minimum Tax (AMT). Typically, this clause outlines how payments are calculated when one party utilizes NOLs generated by another entity to offset AMT liabilities, often in the context of corporate transactions or tax sharing agreements. Its core function is to ensure fair compensation for the tax benefit received, thereby allocating the financial advantage of NOL usage and preventing disputes over tax savings.
AMT NOL Usage Payment. The AAC Subgroup may utilize (i) prior to a Deconsolidation Event, Pre-Determination Date AMT NOLs to offset income for AMT purposes in an amount up to the Allocated AAC AMT NOL Amount (to the extent not previously utilized in a prior Taxable Period without regard to whether such AMT NOLs were directly or indirectly subject to the payment requirements of this clause 3(c)(iii)) or (ii) following a Deconsolidation Event, Pre-Determination Date AMT NOLs to offset income for AMT purposes in an amount up to the Post-Deconsolidation Allocated AMT NOL Amount (to the extent not previously utilized in a prior Taxable Period without regard to whether such AMT NOLs were directly or indirectly subject to the payment requirements of this clause 3(c)(iii)). During any Taxable Period that the AAC Subgroup offsets income for AMT purposes by utilizing any portion of the Allocated AAC AMT NOL Amount or Post-Deconsolidation Allocated AMT NOL Amount, as the case may be, AAC shall make payments to AFGI within the time and in the manner prescribed hereunder in an amount equal to the excess of (Y) the AAC AMT NOL Usage Amount over (Z) the AAC Federal Tax Usage Amount.
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Related to AMT NOL Usage Payment

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