Examples of Applicable Tax Law in a sentence
Such Tax Returns shall be prepared in accordance with the past practice of the Company, except for the Section 338(h)(10) Election, as otherwise required by Applicable Tax Law, or with the prior written consent of Buyer.
Neither Buyer nor Seller shall be required by this Section 7.2(b) to amend any filed Tax Return as a result of any of the preceding adjustments to the Asset Allocation unless required to do so by Applicable Tax Law.
At least five (5) Business Days prior to making any such deduction or withholding, Buyer shall notify Seller in writing of the amount of and basis for such deduction or withholding and shall cooperate in good faith with Seller to use commercially reasonable efforts identified by Seller to mitigate any such requirement to so deduct or withhold to the extent permitted by Applicable Tax Law.
Notwithstanding any other provision of this Agreement, Buyer shall be entitled to deduct and withhold from any amounts payable or otherwise deliverable pursuant to this Agreement such amounts as may be required to be deducted or withheld therefrom under any Applicable Tax Law.
Unless otherwise agreed by Xxxxxx and Buyer in writing, the consolidated federal income Tax Return for the Seller Group year ending on the Closing Date will not be prepared on the basis of a ratable allocation election under Treasury Regulations Section 1.1502-76(b) (or any analogous provision of state, local or foreign Applicable Tax Law) with respect to the income of the Company.