Common use of Allocation of Certain Income Taxes and Income Tax Items Clause in Contracts

Allocation of Certain Income Taxes and Income Tax Items. (a) If HII determines, in its sole discretion, to close the taxable year of any member of the SpinCo Group for all Tax purposes as of the end of the Distribution Date, HII and SpinCo shall take all commercially reasonable actions necessary or appropriate to so close such taxable year, to the extent permitted by applicable Law.

Appears in 7 contracts

Samples: Tax Matters Agreement (Resideo Technologies, Inc.), Tax Matters Agreement (Resideo Technologies, Inc.), Tax Matters Agreement (Garrett Motion Inc.)

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