Common use of Tax Attributes Clause in Contracts

Tax Attributes. (a) As soon as reasonably practicable after the Distribution Date, Parent shall reasonably determine in good faith the allocation of Tax Attributes, as well as any limitations on the use thereof, arising in a Pre-Closing Period to the Parent Group and the New BBX Capital Group in accordance with the Code and Treasury Regulations, including Treasury Regulations Sections 1.1502-9T(c), 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A, and 1.1502-95 (and any applicable state, local and foreign Tax Laws). Subject to the preceding sentence, Parent shall be entitled to make any determination as to (i) basis, and (ii) valuation, and shall make such determinations reasonably and in good faith and consistent with Past Practice, where applicable. Parent shall consult in good faith with New BBX Capital regarding such allocation of Tax Attributes and determinations as to basis and valuation, and shall consider in good faith any comments received in writing from New BBX Capital regarding such allocation and determinations. Parent and New BBX Capital hereby agree to compute all Taxes for Post-Closing Periods consistently with the determination of the allocation of Tax Attributes pursuant to this Section 4.03(a) unless otherwise required by a Final Determination.

Appears in 5 contracts

Samples: Tax Matters Agreement (BBX Capital Florida LLC), Tax Matters Agreement (BBX Capital Florida LLC), Tax Matters Agreement (BBX Capital Florida LLC)

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Tax Attributes. (a) As soon as reasonably practicable after the Distribution Date, Parent Cogint shall reasonably determine in good faith the allocation of Tax Attributes, as well as any limitations on the use thereof, arising in a Pre-Closing Period to the Parent Cogint Group and the New BBX Capital SpinCo Group in accordance with the Code and Treasury Regulations, Regulations including Treasury Regulations Sections 1.1502-9T(c), 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A, and 1.1502-95 (and any applicable state, local and foreign Tax Laws). Subject to the preceding sentence, Parent Cogint shall be entitled to make any determination as to (iA) basis, and (iiB) valuation, and shall make such determinations reasonably and in good faith and consistent with Past Practice, where applicable. Parent Cogint shall consult in good faith with New BBX Capital SpinCo regarding such allocation of Tax Attributes and determinations as to basis and valuation, and shall consider in good faith any comments received in writing from New BBX Capital SpinCo regarding such allocation and determinations. Parent Cogint and New BBX Capital SpinCo hereby agree to compute all Taxes for Post-Closing Periods consistently with the determination of the allocation of Tax Attributes pursuant to this Section 4.03(a) unless otherwise required by a Final Determination.

Appears in 2 contracts

Samples: Tax Matters Agreement (Red Violet, Inc.), Tax Matters Agreement (Cogint, Inc.)

Tax Attributes. (a) As soon as reasonably practicable after the Distribution Date, Parent Inpixon shall reasonably determine in good faith the allocation of Tax Attributes, as well as any limitations on the use thereof, arising in a Pre-Closing Period to the Parent Inpixon Group and the New BBX Capital Sysorex Group in accordance with the Code and Treasury Regulations, Regulations including Treasury Regulations Sections 1.1502-9T(c), 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A, and 1.1502-95 (and any applicable state, local and foreign Tax Laws). Subject to the preceding sentence, Parent Inpixon shall be entitled to make any determination as to (iA) basis, and (iiB) valuation, and shall make such determinations reasonably and in good faith and consistent with Past Practice, where applicable. Parent Inpixon shall consult in good faith with New BBX Capital Sysorex regarding such allocation of Tax Attributes and determinations as to basis and valuation, and shall consider in good faith any comments received in writing from New BBX Capital Sysorex regarding such allocation and determinations. Parent Inpixon and New BBX Capital Sysorex hereby agree to compute all Taxes for Post-Closing Periods consistently with the determination of the allocation of Tax Attributes pursuant to this Section 4.03(a) unless otherwise required by a Final Determination.

Appears in 2 contracts

Samples: Tax Matters Agreement (Inpixon), Tax Matters Agreement (Sysorex, Inc.)

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Tax Attributes. (a) As soon as reasonably practicable after the Distribution DateClosing, Parent Cogint shall reasonably determine in good faith the allocation of Tax Attributes, as well as any limitations on the use thereof, arising in a Pre-Closing Period to the Parent Cogint Group and the New BBX Capital SpinCo Group in accordance with the Code and Treasury Regulations, Regulations including Treasury Regulations Sections 1.1502-9T(c), 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A, and 1.1502-95 (and any applicable state, local and foreign Tax Laws). Subject to the preceding sentence, Parent Cogint shall be entitled to make any determination as to (iA) basis, and (iiB) valuation, and shall make such determinations reasonably and in good faith and consistent with Past Practice, where applicable. Parent Cogint shall consult in good faith with New BBX Capital SpinCo regarding such allocation of Tax Attributes and determinations as to basis and valuation, and shall consider in good faith any comments received in writing from New BBX Capital SpinCo regarding such allocation and determinations. Parent Cogint and New BBX Capital SpinCo hereby agree to compute all Taxes for Post-Closing Periods consistently with the determination of the allocation of Tax Attributes pursuant to this Section 4.03(a) unless otherwise required by a Final Determination.

Appears in 1 contract

Samples: Tax Matters Agreement (Cogint, Inc.)

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