Common use of Standalone Basis Clause in Contracts

Standalone Basis. Whenever it is necessary to determine the liability of Genco or any Subsidiary of Genco for Taxes, such liability shall be computed as if Genco or such Subsidiary of Genco was not a member of Seller's consolidated, affiliated, combined or unitary group for Tax purposes.

Appears in 3 contracts

Sources: Option Agreement (Reliant Resources Inc), Option Agreement (Reliant Resources Inc), Option Agreement (Reliant Energy Resources Corp)