Common use of TERMINATION CLAUSE Clause in Contracts

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________, and subsequent taxable years, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Sources: Federal and State Income Tax Allocation Agreement (National Grid Group P L C), Federal and State Income Tax Allocation Agreement (National Grid Group P L C)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________[Insert Date], and subsequent taxable years, unless all of the members of the Group Members agree in writing to terminate the Agreement prior to the end of the taxable year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Sources: Federal and State Income Tax Allocation Agreement (Pepco Holdings Inc), Federal and State Income Tax Allocation Agreement (New Rc Inc)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________December 31, and subsequent taxable years1998, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Sources: Federal Income Tax Allocation Agreement (Eastern Utilities Associates), Federal Income Tax Allocation Agreement (Eastern Utilities Associates)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________December 31, and subsequent taxable years1999, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Sources: Federal Income Tax Allocation Agreement (Eastern Utilities Associates)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________December 31, 2000, and all subsequent taxable years, unless all of the members Members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment payments or refunds due for all taxable periods years prior to termination.

Appears in 1 contract

Sources: Agreement for Filing Consolidated Federal Income Tax Returns and for Allocation of Consolidated Federal Income Tax Liabilities and Benefits (Keyspan Corp)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending ________December 31, and subsequent taxable years1997, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Sources: Federal Income Tax Allocation Agreement (Eastern Utilities Associates)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending __________, and subsequent taxable years, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Sources: Income Tax Allocation Agreement (Emera Inc)