Common use of Tax Return Procedures for Mixed Business Tax Returns Clause in Contracts

Tax Return Procedures for Mixed Business Tax Returns. (a) Tech shall prepare all, if any, Mixed Business Tax Returns consistent with historical practice, the Opinion, and the Tax Representation Letter unless otherwise required by Law or agreed to in writing by Fuels. In the event that there is no historical practice for reporting a particular item or matter, Tech shall determine the reporting of such item or matter provided that such determination is, in the reasonable opinion of Tech, at least more likely than not to be sustained. In connection with the preparation of any Mixed Business Tax Return, Fuels will assist and cooperate with Tech with respect to Tech’s preparation of any such Mixed Business Tax Return, including assisting Tech in the preparation of a pro forma Tax Return for Fuels and any Fuels Entity to be used in determining the Fuels Allocable Portion with respect to such Mixed Business Tax Return.

Appears in 2 contracts

Samples: Tax Sharing Agreement (Taronis Fuels, Inc.), Tax Sharing Agreement (Taronis Fuels, Inc.)

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Tax Return Procedures for Mixed Business Tax Returns. (a) Tech shall prepare all, if any, Mixed Business Tax Returns consistent with historical practice, the Opinion, practice and the Tax Representation Letter unless otherwise required by Law or agreed to in writing by Fuels. In the event that there is no historical practice for reporting a particular item or matter, Tech shall determine the reporting of such item or matter provided that such determination is, in the reasonable opinion of Tech, at least more likely than not to be sustained. In connection with the preparation of any Mixed Business Tax Return, Fuels will assist and cooperate with Tech with respect to Tech’s preparation of any such Mixed Business Tax Return, including assisting Tech in the preparation of a pro forma Tax Return for Fuels and any Fuels Entity to be used in determining the Fuels Allocable Portion with respect to such Mixed Business Tax Return.

Appears in 1 contract

Samples: Tax Sharing Agreement (Taronis Fuels, Inc.)

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Tax Return Procedures for Mixed Business Tax Returns. (a) Tech shall prepare all, if any, Mixed Business Tax Returns consistent with historical practice, the Opinion, practice and the Tax Representation Letter unless otherwise required by Law or agreed to in writing by FuelsAutomotive. In the event that there is no historical practice for reporting a particular item or matter, Tech shall determine the reporting of such item or matter provided that such determination is, in the reasonable opinion of Tech, at least more likely than not to be sustained. In connection with the preparation of any Mixed Business Tax Return, Fuels Automotive will assist and cooperate with Tech with respect to Tech’s preparation of any such Mixed Business Tax Return, including assisting Tech in the preparation of a pro forma Tax Return for Fuels Automotive and any Fuels Automotive Entity to be used in determining the Fuels Automotive Allocable Portion with respect to such Mixed Business Tax Return.

Appears in 1 contract

Samples: Tax Sharing Agreement (Net Element, Inc.)

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