Separate Return Liability

Example Definitions of "Separate Return Liability"
Separate Return Liability. Shall mean, with respect to any Subsidiary for any Fiscal Year, the U.S. federal income taxes (including any minimum tax or alternative minimum tax) that would be payable by such Subsidiary to the U.S. Treasury had the Subsidiary filed a separate income tax return for that Fiscal Year based on the Subsidiary's Separate Taxable Income for that Fiscal Year.
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