Deferred Taxes. The Subsidiaries shall maintain on its general ledger an accounting of its deferred tax liability. The deferred tax liability shall not be paid up to the Parent. All amounts computed and paid shall be based on the current tax liability.
Appears in 2 contracts
Sources: Agreement to Allocate Consolidated Income Tax Liabilities and Benefits (BFC Financial Corp), Agreement to Allocate Consolidated Income Tax Liabilities and Benefits (BBX Capital Corp)