Common use of Retention of Tax Records Clause in Contracts

Retention of Tax Records. Each Company shall preserve, and shall cause its affiliates to preserve, all Tax Records which are in its possession, and which could affect the liability of any member of the other Group for Taxes, for so long as the contents thereof may become material in the administration of any matter under applicable Tax Law, but in any event until the later of (x) the expiration of any applicable statutes of limitation, as extended, and (y) seven years after the IPO Closing Date.

Retention of Tax Records. Each Company shall preserve, preserve and shall cause its affiliates to preserve, keep all Tax Records which are (including emails and other digitally stored materials and related workpapers and other documentation) in its possession, and which could affect the liability of any member possession as of the other Group date hereof or relating to Taxes of the Groups for TaxesPre-Distribution Periods or Taxes or Tax matters that are the subject of this Agreement, in each case, for so long as the contents thereof may become material in the administration of any matter under the Code or other applicable Tax Law, but in any event until the later of (xi) 90 days after the expiration of any applicable statutes of limitationlimitations (taking into account any extensions), as extended, and (y) seven years after the IPO Closing Date.or

Retention of Tax Records. Each Company shall preserve, and shall cause its affiliates to preserve, all Tax Records which are in its possession, and which could affect the liability of any member of the other Group for Taxes, for so long as the contents thereof may become material in the administration of any matter under applicable Tax Law, but in any event until the later of (x) the expiration of any applicable statutes of limitation, as extended, and (y) seven years after the IPO Closing Date.

Retention of Tax Records. Each Company shall preserve, -------------------------- and shall cause its affiliates to preserve, all Tax Records which are in its possession, and which could affect the liability of any member of the other Group for Taxes, for so long as the contents thereof may become material in the administration of any matter under applicable Tax Law, but in any event until the later of (x) the expiration of any applicable statutes of limitation, as extended, and (y) seven years after the IPO Closing Date.