Buyer will be responsible for the preparation and filing of all Tax Returns it is required to file with respect to Buyers ownership or use of the Business Assets or its operation of the Business attributable to Post-Closing Periods (the Buyer Tax Returns).
Buyer will be responsible for the preparation and filing of all Tax Returns it is required to file with respect to Buyer's ownership or use of the Transferred Assets or its operation of the Transferred Assets attributable to Post-Closing Periods (the "Buyer Tax Returns").
Any items of deduction in respect of equity-based awards to employees of the HERC Parent Group or the RAC Parent Group arising in Post-Closing Periods shall be the property of the relevant employer and its Affiliates, and the Parties shall file their Tax Returns accordingly.
Tax Items shall be apportioned between Pre-Closing Periods and Post-Closing Periods in accordance with the principles of Treasury Regulation Section 1.1502-76(b) as reasonably interpreted and applied by OFC.
Kellstrom will pay, or will cause to be paid, all Taxes of Solair for Post-Closing Periods, including Income Taxes.