Common use of Except for Oklahoma Clause in Contracts

Except for Oklahoma. personal property tax returns, each Buyer shall prepare or cause to be prepared all Tax Returns required by Law to be filed in connection with the Assets purchased by that Buyer for any Straddle Period, to the extent permitted by Law. Such Straddle Period Tax Returns shall be prepared on a basis consistent with past practice except to the extent otherwise required. The Seller shall prepare or caused to be prepared all Oklahoma personal property tax returns in connection with the Assets for any Straddle Period. Not later than thirty (30) days prior to the due date (including any extension) for filing any such Straddle Period Tax Return (other than Oklahoma personal property tax returns), the applicable Buyer shall deliver a copy of such Straddle Period Tax Return, together with all supporting documentation and work papers, to the Seller for its review and reasonable comment. The applicable Buyer will cause such Straddle Period Tax Return (as revised to incorporate the Seller’s reasonable comments) to be timely filed and will provide a copy to the Seller. Not later than five days prior to the due date for payment of Taxes with respect to any Straddle Period Tax Return, the Seller shall pay to the applicable Buyer filing such return the amount of any Taxes attributable to the period ending before the Closing Date with respect to such Straddle Period Tax Return.