Examples of Unitary Tax Return in a sentence
As such, this Agreement shall apply to all taxable years or portions thereof (including those prior to the date of this Agreement) for which a Consolidated Return or Unitary Tax Return was or is filed with respect to a Present Subsidiary that were included as part of such Return(s), unless Enron and the Present Subsidiary agree in writing to another arrangement or otherwise agree to terminate this Agreement.
With respect to any Unitary Tax Return which includes or reflects the operations of any of the EOG Entities for any taxable year ending after December 31, 1996, the Unitary Tax Liability for the period covered by such Unitary Tax Return shall be allocated to EOG to the extent of the amount of Unitary Tax which would be due with respect to such period if such Unitary Tax Return included only those EOG Entities, and the balance of such Unitary Tax Liability shall be allocated to Enron.
In conjunction with preparing any Unitary Tax Return for the Tax year which includes the Closing Date, PPG shall also prepare or cause to be prepared a pro forma Tax Return for any Target Entity included on such Unitary Tax Return, for the same taxable period as the relevant Unitary Tax Return, as if such Target Entity filed for federal, state, and local Tax purposes on a separate company basis (a “Pro Forma Tax Return”).
Purchaser shall provide PPG with such comments at least fifteen (15) days prior to the applicable Unitary Tax Return Due Date.
Enron shall continue to file any Unitary Tax Return which includes or reflects the operations of both Enron Entities and EOG Entities, and shall allocate the Unitary Tax Liability owed pursuant to such Unitary Tax Returns as provided in Section 2.2(b) or 2.2(c).