Common use of Consolidated Return Clause in Contracts

Consolidated Return. Borrower and Trans Leasing are members of an affiliated group within the meaning of section 1504 of the Code which has filed, and will continue to file, a consolidated return for federal income tax purposes at all times until the termination of this Agreement and satisfaction in full of all Obligations of Borrower hereunder.

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Trans Leasing International Inc), Revolving Credit and Term Loan Agreement (Trans Leasing International Inc)