Distributing Consolidated Return definition

Distributing Consolidated Return means any consolidated Federal Tax Return or Combined State Tax Return of the Distributing Consolidated Group that includes any Pre-Distribution Tax Period.
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Distributing Consolidated Return means any federal, state or local consolidated, combined or unitary Tax Return filed by any member of the SVM Group that includes any member of the TG Group.
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Examples of Distributing Consolidated Return in a sentence

  • Unless prohibited by applicable law, any taxable period of any Controlled Affiliate that is included in a Distributing Consolidated Return that includes the Distribution Date shall end on the Distribution Date.

  • Distributing shall pay such amount to Controlled within ten (10) days before the date that Distributing files the Distributing Consolidated Return for the 2006 Year or 2005 Year, whichever is applicable.

  • This Section 3.3(a) shall also apply with respect to the Distributing Consolidated Return for the portion of the taxable year ending May 31, 2006 (the “2006 Year”) that ends on the Distribution Date (the “Short Period”), applying the principles of Section 2.4.

  • Any refund or credit of Income Tax received from a Taxing Authority by any member of the SVM Group or the TG Group reflected or required to be reflected on a Distributing Consolidated Return shall be the property of the SVM Group, regardless of whether all or any portion of such refund or credit is attributable to the TG Business.

  • This Section 3.3(a) shall also apply with respect to the Distributing Consolidated Return for the portion of the taxable year ending May 31, 2006 (the “2006 Year”) that ends on the Distribution Date, applying the principles of Section 2.4.

Related to Distributing Consolidated Return

  • Consolidated Return means any Tax Return with respect to Federal Income Taxes filed by the Consolidated Group pursuant to Section 1501 of the Code.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of the Borrower and its Subsidiaries for such period, as determined on a consolidated basis and in accordance with GAAP.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.