Common use of Tax Cooperation; Allocation of Taxes Clause in Contracts

Tax Cooperation; Allocation of Taxes. (a) Purchaser and Sellers agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information and assistance relating to the Corporation, the non-compete covenant described in Section 4.01 and the Business as is reasonably necessary for the filing of all tax returns, and making of any election related to taxes, the preparation for any audit by any taxing authority, and the prosecution or defense of any claim, suit or proceeding relating to any tax return. Sellers and Purchaser shall cooperate with each other in the conduct of any audit or other proceeding related to taxes involving the Business and each shall execute and deliver such powers of attorney and other documents as are reasonably necessary to carry out the intent of this Paragraph (a) of Section 7.03.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Gulf Island Fabrication Inc), Stock Purchase Agreement (Gulf Island Fabrication Inc), Stock Purchase Agreement (Gulf Island Fabrication Inc)

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Tax Cooperation; Allocation of Taxes. (aA) Purchaser and Sellers agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information and assistance relating to the CorporationCompanies, the non-compete covenant described in Section 4.01 4.1 hereinabove and the Business as is reasonably necessary for the filing of all tax returns, and making of any election related to taxes, the preparation for any audit by any taxing authority, and the prosecution or defense of any claim, suit or proceeding relating to any tax return. Sellers and Purchaser shall cooperate with each other in the conduct of any audit or other proceeding related to taxes involving the Business and each shall execute and deliver such powers of attorney and other documents as are reasonably necessary to carry out the intent of this Paragraph (a) of Section 7.037.3(A).

Appears in 1 contract

Samples: Stock and Membership Interest Purchase Agreement (Key Energy Services Inc)

Tax Cooperation; Allocation of Taxes. (a) Purchaser Buyer and Sellers Seller agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information and assistance relating to the Corporation, the non-compete covenant described in Section 4.01 Business and the Business Purchased Assets (including access to books and records) as is reasonably necessary for the filing of all tax returnsTax Returns, and the making of any election related relating to taxesTaxes, the preparation for any audit by any taxing authorityTaxing Authority, and the prosecution or defense of any claim, suit or proceeding relating to any tax returnTax. Sellers Seller and Purchaser Buyer shall cooperate with each other in the conduct of any audit or other proceeding related relating to taxes Taxes involving the Business and each shall execute and deliver such powers of attorney and other documents as are reasonably necessary to carry out Purchased Assets or the intent of this Paragraph (a) of Section 7.03Business.

Appears in 1 contract

Samples: Purchase and Sale Agreement (UCP, Inc.)

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Tax Cooperation; Allocation of Taxes. (a) Purchaser and Sellers agree to furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information and assistance relating to the Corporation, the non-compete covenant described in Section 4.01 and the Business as is reasonably necessary for the filing of all tax returns, and making of any election related to taxes, the preparation for any audit by any taxing authority, and the prosecution or defense of any claim, suit or proceeding relating to any tax return. Sellers and Purchaser shall cooperate with each other in the conduct of any audit or other proceeding related to taxes involving the Business and each shall execute and deliver such powers of attorney and other documents as are reasonably necessary to carry out the intent of this Paragraph (a) of Section 7.03.deliver

Appears in 1 contract

Samples: Stock Purchase Agreement (Parker Drilling Co /De/)

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