Other Pre-Distribution Returns Sample Clauses
The "Other Pre-Distribution Returns" clause defines how certain returns or payments are handled before the main distribution of profits or assets among parties. Typically, this clause specifies that certain expenses, fees, or priority payments must be satisfied before any remaining funds are distributed according to the standard profit-sharing arrangement. For example, it may require that management fees or reimbursable costs are paid out first. The core function of this clause is to ensure that specific obligations or entitlements are met before general distributions, thereby clarifying the order of payments and reducing disputes among stakeholders.
Other Pre-Distribution Returns. (a) Equifax shall prepare and timely file all other Tax Returns of any member of the Equifax Group or the Certegy Group for all Tax Periods that are exclusively Pre-Distribution Periods and all Straddle Periods. Notwithstanding the foregoing sentence, Certegy shall prepare and timely file Tax Returns for any Pre-Distribution Period and any Straddle Period if such Tax Returns pertain exclusively to property or operations of the Certegy Group; provided that Equifax, at the reasonable request of Certegy, shall file sales and use tax returns pertaining to the operations of the Certegy Group that are required to be filed on or before September 30, 2001. Notwithstanding anything contained in the previous sentence, Equifax shall continue to file all Tax Returns of the members of the Certegy Group for any Pre-Distribution Period if the Tax Returns for such period are required to be filed on or prior to the Distribution Date. Certegy shall have a reasonable period under the circumstances to review each such Tax Return.
(b) Certegy shall reimburse Equifax the aggregate amount of $63,000.00 for professional fees paid to ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇, P.C. attributable to the preparation of 2000 and 2001 Tax returns for the Certegy Group, which amount (without interest) shall be payable in six equal monthly installments beginning on July 31, 2001.
Other Pre-Distribution Returns. All other Tax Returns of any member of the Equifax Group or the Controlled Group for periods beginning before the Distribution Date shall be filed by Equifax, except that any such Tax Returns pertaining exclusively to property or operations of the Controlled Group shall be filed by Controlled. Notwithstanding anything contained in this Section 5.2, Equifax shall continue to file all Tax Returns of the members of the Controlled Group for periods beginning before the Distribution Date if the Tax Return for such period is required to be filed on or prior to the Date of Distribution. Controlled shall have a reasonable period under the circumstances to review each such return.
Other Pre-Distribution Returns. All other Tax Returns of any member of the UWS Group or the Newco Group for periods beginning before the Distribution Date shall be filed by Newco, except that any such Tax Returns pertaining exclusively to property or operations of the UWS Group shall be filed by UWS. Notwithstanding anything contained in this Section 5.2, UWS shall continue to file all Tax Returns of the members of the Newco Group for periods beginning before the Distribution Date if the Tax Return for such period is required to be filed on or prior to the Date of Distribution.
Other Pre-Distribution Returns. Equifax shall prepare and timely file all other Tax Returns of any member of the Equifax Group or the PSI Group for all Tax Periods that are exclusively Pre-Distribution Periods and all Straddle Periods; provided however, that PSI shall prepare and timely file Tax Returns for any Pre-Distribution Period and any Straddle Period if such Tax Return pertains exclusively to property or operations of the PSI Group. Notwithstanding anything contained in the previous sentence, Equifax shall continue to file all Tax Returns of the members of the PSI Group for any Pre-Distribution Period if the Tax Return for such period is required to be filed on or prior to the Date of Distribution. PSI shall have a reasonable period under the circumstances to review each such Tax Return.