Common use of Cooperation on Tax Matters Clause in Contracts

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 15 contracts

Samples: Agreement and Plan of Merger and Reorganization (Valeritas Holdings Inc.), Split Off Agreement (Tyme Technologies, Inc.), Split Off Agreement (Valeritas Holdings Inc.)

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Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 11 contracts

Samples: Split Off Agreement (Organovo Holdings, Inc.), Split Off Agreement (Symbid Corp.), Split Off Agreement (Mesa Energy Holdings, Inc.)

Cooperation on Tax Matters. BuyerBuyers, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees Buyers agree to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Invivo Therapeutics Holdings Corp.), Split Off Agreement (Invivo Therapeutics Holdings Corp.), Split Off Agreement (Nevada Gold Holdings, Inc.)

Cooperation on Tax Matters. Buyer, Buyer and Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any partythe other Party, in connection with the filing of tax returns pursuant to this Section any Tax Return and any audit, litigation or other proceeding with respect to taxesTaxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such Tax Return, audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall Each of Buyer and Seller agrees (ia) to retain all books and records with respect to tax Tax matters pertinent to Split-Off Subsidiary and Seller the acquired Assets relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Buyer or Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authorityTaxing Authority, and (iib) in the case of Seller, to give Seller the Buyer reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller Buyer so requests, Seller shall allow Buyer agrees to cause Split-Off Subsidiary to allow Seller to take the option of taking possession of such books and recordsrecords prior to their disposal. Buyer and Seller further agree, upon request, to use their commercially reasonable efforts to obtain any certificate or other document from any Taxing Authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed with respect to the transactions contemplated.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Memorial Production Partners LP), Purchase and Sale Agreement (Alta Mesa Holdings, LP), Purchase and Sale Agreement

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees agree to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 2 contracts

Samples: Split Off Agreement (Global Casinos Inc), Split Off Agreement (Global Casinos Inc)

Cooperation on Tax Matters. BuyerBuyers, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees Buyers agree to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 2 contracts

Samples: Split Off Agreement (Ekso Bionics Holdings, Inc.), Split Off Agreement (Lifeapps Digital Media Inc.)

Cooperation on Tax Matters. Buyer, Seller Buyer and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax Tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxesTaxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax Tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable Taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable Taxable periods, and abide by all record retention agreements entered into with any taxing Taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 2 contracts

Samples: Split Off Agreement (ViewRay, Inc.), Split Off Agreement (ViewRay, Inc.)

Cooperation on Tax Matters. Buyer, (a) Purchaser and Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any the other party, in connection with the filing of tax returns Tax Returns pursuant to this Section 4.10 and any audit, litigation or other proceeding with respect to taxesTaxes although the party responsible for filing the Tax Return pursuant to this Agreement shall control any such audit, litigation or other proceeding, provided that the controlling party may not, without the consent of the other party, agree to any settlement which would result in an increase in the amount of Taxes for which any other party is or may be liable. Such cooperation shall include the retention and (upon the other party’s 's request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall Purchaser and Seller agree (i) to retain all books and records with respect to tax Tax matters pertinent to Split-Off Subsidiary and Seller the Bank relating to any taxable period beginning before the Closing Date until the expiration of the applicable statute of limitations (and, to the extent notified by Purchaser or Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, authority and (ii) to give Seller the other party reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller the other party so requests, Buyer agrees to cause Split-Off Subsidiary to requests shall allow Seller the other party to take possession of such books and records.

Appears in 1 contract

Samples: Stock Purchase Agreement (Prosperity Bancshares Inc)

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the Seller so requests, Buyer agrees agree to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (Li3 Energy, Inc.)

Cooperation on Tax Matters. BuyerPurchaser, Seller and Split-Off Subsidiary each of the Subsidiaries shall cooperate fully, as and to the extent reasonably requested by any the other party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary Each of the Subsidiaries shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller it relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the Seller so requests, Buyer Purchaser agrees to cause Split-Off Subsidiary each of the Subsidiaries to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (Atlantic Wine Agencies Inc)

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Cooperation on Tax Matters. BuyerPurchaser, Seller and Split-Off Subsidiary Custom Craft shall cooperate fully, as and to the extent reasonably requested by any the other party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s 's request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary Custom Craft shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller Custom Craft relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the Seller so requests, Buyer Purchaser agrees to cause Split-Off Subsidiary Custom Craft to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (CCP Worldwide Inc)

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the Seller so requests, Buyer agrees to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (La Cortez Energy, Inc.)

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary (a) Buyer shall cooperate fully, as and to the extent reasonably requested by any party, Seller in connection with the filing of tax returns pursuant to this Section Tax Returns and any audit, litigation or other proceeding Proceeding with respect to taxesTaxes. Such cooperation shall include without limitation, the retention and (upon the other partySeller’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding Proceeding, and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall Buyer agrees to (iA) retain all books and records records, not already in Seller’s possession, with respect to tax Tax matters pertinent to Split-Off Subsidiary and Seller Lilien or Lilien Corp. relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (iiB) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer agrees to cause Split-Off Subsidiary to Lilien or Buyer, as the case may be, shall allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Asset Purchase and Merger Agreement (Sysorex Global Holdings Corp.)

Cooperation on Tax Matters. (a) The Buyer, Seller the Subsidiaries and Split-Off Subsidiary the Sellers shall cooperate fully, fully as and to the extent reasonably requested by any party, the other party in connection with the filing of tax returns pursuant to this Section Tax Returns and any audit, litigation or other proceeding proceedings with respect to taxesTaxes. Such cooperation shall include the retention and (upon the other party’s 's request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall The parties agree to cause the Subsidiaries to (i) retain all books and records with respect to tax Tax matters pertinent to Split-Off Subsidiary and Seller the Subsidiaries relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, and to the extent notified by SellerBuyer or Sellers, any extensions thereof) of the respective taxable Tax periods, and to abide by all record retention agreements entered into with any taxing authorityTaxing Authority, and (ii) to give Seller the other party reasonable written notice prior to transferring, destroying or discarding any such books and records andrecords, and if Seller the other party so requests, Buyer agrees to cause Split-Off the relevant Subsidiary to shall allow Seller the other party to take possession of such books and records.

Appears in 1 contract

Samples: Recapitalization Agreement (Derby Cycle Corp)

Cooperation on Tax Matters. BuyerBuyers, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if the Seller so requests, Buyer agrees Buyers agree to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (Crownbutte Wind Power, Inc.)

Cooperation on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Seller, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding any such books and records and, if Seller so requests, Buyer Xxxxx agrees to cause Split-Off Subsidiary to allow Seller to take possession of such books and records.

Appears in 1 contract

Samples: Split Off Agreement (Aptorum Group LTD)

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