Teradata Elections, Reporting Requirements and Triggering Events Sample Clauses
The "Teradata Elections, Reporting Requirements and Triggering Events" clause defines the procedures and obligations related to how parties make certain choices (elections), fulfill reporting duties, and respond to specific events that may activate additional requirements under the agreement. In practice, this clause outlines the timelines and formats for submitting required reports, details the process for making formal elections regarding contract options, and specifies what constitutes a triggering event—such as a change in business circumstances or regulatory developments—that would require action or notification. Its core function is to ensure that all parties are clear on their responsibilities for communication and compliance, thereby reducing the risk of misunderstandings or missed obligations when key events occur.
Teradata Elections, Reporting Requirements and Triggering Events. The Teradata Group shall retain the assets and liabilities of the Separate Units within its consolidated group, make the election provided in connection with the multiple-party exception of Treasury Regulation Section 1.1503(d)-6(f)(2)(i) and file the required agreements pursuant to Treasury Regulation Section 1.1503-2(g)(2)(i) (the “New (g)(2) Agreements”) as provided for under Treasury Regulation Section 1.1503(d)-8(b)(4). If the NCR Group elects to apply Treasury Regulation Sections 1.1503(d)-1 through 1.1503(d)-8 for the taxable year that includes the External Spin-Off, the Teradata Group shall make the election provided in connection with the multiple-party exception of Treasury Regulation Section 1.1503(d)-6(f)(2)(i) and file any required agreement pursuant to Treasury Regulation Section 1.1503(d)-6(f)(2)(iii) (the “New Domestic Use Agreements”). The New (g)