Common use of Consolidated Income Tax Return Clause in Contracts

Consolidated Income Tax Return. The Buyer shall elect to file a consolidated U.S. federal income tax return with Holdco and Enginetics for the taxable year of the Buyer that includes the day after the Closing Date. The Parties acknowledge and agree that, as a consequence of the transactions contemplated hereby, (a) the taxable year of Holdco and Enginetics shall close for U.S. federal income tax purposes at the end of the day on the Closing Date, (b) to the extent applicable Law in other taxing jurisdictions so permits, the taxable year of Holdco and Enginetics shall close at the end of the day on the Closing Date, and (c) all federal, state, local and foreign income Tax Returns shall be filed consistently on the foregoing basis.

Consolidated Income Tax Return. The Buyer shall elect to file a consolidated U.S. federal income tax return with Holdco the Company and Enginetics the Subsidiary for the taxable year of the Buyer that includes the day after the Closing Date. The Parties parties acknowledge and agree that, as a consequence of the transactions contemplated hereby, (a) the taxable year of Holdco the Company and Enginetics the Subsidiary shall close for U.S. federal income tax purposes at the end of the day on the Closing Date, (b) to the extent applicable Law in other taxing jurisdictions so permits, the taxable year of Holdco the Company and Enginetics the Subsidiary shall close at the end of the day on the Closing Date, and (c) all federal, state, local and foreign income Tax Returns shall be filed consistently on the foregoing basis.

Consolidated Income Tax Return. The Buyer Purchaser shall elect to file a consolidated U.S. federal income tax return with Holdco and Enginetics the Acquired Companies for the taxable year of the Buyer Purchaser that includes the day after the Closing Date. The Parties parties acknowledge and agree that, as a consequence of the transactions contemplated hereby, (a) the taxable year of Holdco and Enginetics the Acquired Companies shall close for U.S. federal income tax purposes at the end of the day on the Closing Date, (b) to the extent applicable Law in other taxing jurisdictions so permits, the taxable year of Holdco and Enginetics the Acquired Companies shall close at the end of the day on the Closing Date, and (c) all federal, state, local and foreign income Tax Returns shall be filed consistently on the foregoing basis.