Common use of Tax Return Procedures Clause in Contracts

Tax Return Procedures. Procedures Relating to Combined Tax Returns and Cousins Separate Tax Returns 14 Section 4.02. Procedures Relating to New Parkway Separate Tax Returns 15 Section 4.03. Preparation of all Tax Returns 16 Section 4.04. Tax Returns Reflecting Restructuring/Distribution Taxes and Restructuring Transfer Taxes 17 Section 5.01. Timing of Payments 17 Section 5.02. Expenses 17 Section 5.03. Apportionment of New Parkway Taxes 17 Section 6.01. Indemnification by Cousins 17 Section 6.02. Indemnification by New Parkway 17 Section 6.03. Characterization of and Modifications to Payment Amounts 18 Section 6.04. Timing of Indemnification Payments 18 Section 6.05. Certain Tax Procedures 18 Section 7.01. Refunds 18 Section 7.02. Treatment of Deductions Associated with Equity-Related Compensation 19 Section 8.01. Notification of Tax Proceedings 19 Section 8.02. Tax Proceedings 20 Section 9.01. General Cooperation 21 Section 9.02. Retention of Records 22 Section 10.01. Dispute Resolution 22 Section 10.02. Tax Sharing Agreements 23 Section 10.03. Interest on Late Payments 23 Section 10.04. Survival of Covenants 23 Section 10.05. Severability 24 Section 10.06. Entire Agreement 24 Section 10.07. No Third-Party Beneficiaries 24 Section 10.08. Specific Performance 24 Section 10.09. Limitations of Liability 24 Section 10.10. Amendment 25 Section 10.11. Interpretation 25 Section 10.12. Counterparts 25 Section 10.13. Coordination with Separation and Distribution Agreement 25 Section 10.14. Coordination with the Employee Matters Agreement 25 Section 10.15. Governing Law 25 Section 10.16. Assignability 26 Section 10.17. Notices 26 Section 10.18. Effective Date 27 THIS TAX MATTERS AGREEMENT (this “Agreement”), dated as of October 5, 2016 is by and among Cousins Properties Incorporated, a Georgia corporation (“Cousins”), Cousins Properties LP, a Delaware limited partnership (“Cousins LP”), Clinic Sub Inc., a Maryland corporation (“Merger Sub”), Parkway, Inc., a Maryland corporation (“New Parkway”), Parkway Properties General Partners, Inc., a Delaware corporation (“Parkway GP”), Parkway Operating Partnership LP, a Delaware limited partnership (“New Parkway LP”), Parkway Properties LP, a Delaware limited partnership (“Legacy Parkway LP”) and Parkway Properties, Inc., a Maryland corporation (“Legacy Parkway”). Each of Cousins, Cousins LP, Merger Sub, New Parkway, Parkway GP, New Parkway LP, Legacy Parkway LP, and Legacy Parkway is sometimes referred to herein as a “Party” and, collectively, as the “Parties.”

Tax Return Procedures. Procedures Relating to Combined Tax Returns and Cousins Separate Tax Returns 14 Section 4.02. Procedures Relating to New Parkway Separate Tax Returns 15 Section 4.03. Preparation of all Tax Returns 16 Section 4.04. Tax Returns Reflecting Restructuring/Distribution Taxes and Restructuring Transfer Taxes 17 Section 5.01. Timing of Payments 17 Section 5.02. Expenses 17 Section 5.03. Apportionment of New Parkway Taxes 17 Section 6.01. Indemnification by Cousins 17 Section 6.02. Indemnification by New Parkway 17 Section 6.03. Characterization of and Modifications to Payment Amounts 18 Section 6.04. Timing of Indemnification Payments 18 Section 6.05. Certain Tax Procedures 18 Section 7.01. Refunds 18 Section 7.02. Treatment of Deductions Associated with Equity-Related Compensation 19 Section 8.01. Notification of Tax Proceedings 19 Section 8.02. Tax Proceedings 20 Section 9.01. General Cooperation 21 Section 9.02. Retention of Records 22 Section 10.01. Dispute Resolution 22 Section 10.02. Tax Sharing Agreements 23 Section 10.03. Interest on Late Payments 23 Section 10.04. Survival of Covenants 23 Section 10.05. Severability 24 Section 10.06. Entire Agreement 24 Section 10.07. No Third-Party Beneficiaries 24 Section 10.08. Specific Performance 24 Section 10.09. Limitations of Liability 24 Section 10.10. Amendment 25 Section 10.11. Interpretation 25 Section 10.12. Counterparts 25 Section 10.13. Coordination with Separation and Distribution Agreement 25 Section 10.14. Coordination with the Employee Matters Agreement 25 Section 10.15. Governing Law 25 Section 10.16. Assignability 26 Section 10.17. Notices 26 Section 10.18. Effective Date 27 THIS TAX MATTERS AGREEMENT (this “Agreement”), dated as of October 5[•], 2016 is by and among Cousins Properties Incorporated, a Georgia corporation (“Cousins”), Cousins Properties LP, a Delaware limited partnership (“Cousins LP”), Clinic Sub Inc., a Maryland corporation (“Merger Sub”), Parkway, Inc., a Maryland corporation (“New Parkway”), Parkway Properties General Partners, Inc., a Delaware corporation (“Parkway GP”), Parkway Operating Partnership LP, a Delaware limited partnership (“New Parkway LP”), Parkway Properties LP, a Delaware limited partnership (“Legacy Parkway LP”) and Parkway Properties, Inc., a Maryland corporation (“Legacy Parkway”). Each of Cousins, Cousins LP, Merger Sub, New Parkway, Parkway GP, New Parkway LP, Legacy Parkway LP, and Legacy Parkway is sometimes referred to herein as a “Party” and, collectively, as the “Parties.”