Common use of Execution of Returns Prepared by Other Company Clause in Contracts

Execution of Returns Prepared by Other Company. In the case of any Tax Return required to be prepared and filed by one Company under this Agreement and required by Law to be signed by the other Company (or by its authorized representative), the Company legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement, unless there is at least a reasonable basis (or comparable standard under state, local or foreign Law) for the Tax treatment of each material item reported on the Tax Return.

Execution of Returns Prepared by Other Company. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement, unless Agreement if there is at least a no reasonable basis (or comparable standard under state, local or foreign Law) for the Tax treatment of each material any item reported on the Tax Return.