Examples of WPX Group in a sentence
At the request of Xxxxxxxx, each member of the WPX Group shall (i) file any and all Tax consents, Tax elections or other documents, (ii) take all actions necessary to effect or allow the preparation and filing of all Tax Returns by Xxxxxxxx, and (iii) prepare and submit all information in such form that Xxxxxxxx reasonably requests to enable Xxxxxxxx to prepare any Tax Returns required by this Agreement.
Each member of the WPX Group shall be bound by all of the determinations made by Xxxxxxxx in preparing any such Tax Returns and no member of the WPX Group shall take any position on a Tax Return with respect to an item of income, deduction, gain, loss, or credit that is inconsistent with the reporting of such item on the Tax Returns prepared by Xxxxxxxx.
The WPX Group and the Xxxxxxxx Group shall cooperate with each other in the highest standard of good faith regarding all provisions of this Agreement.
If any member of the WPX Group realizes any losses, credits or other Tax Attributes that may be carried back to a Consolidated Return or Combined Return, neither such member nor the WPX Group shall be entitled to any payment or reimbursement from Xxxxxxxx or any member of the Xxxxxxxx Group by reason of such carrybacks.
Each member of the WPX Group shall execute and deliver to Xxxxxxxx any power of attorney or other document requested by Xxxxxxxx in connection with any such Proceeding.
If Xxxxxxxx is required under the Code to allocate to the WPX Group or any of its members any carryovers of any losses, credits or other Tax Attributes to periods following the Spin Date, Xxxxxxxx shall not be entitled to reimbursement from WPX by reason of such carryover.
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Notwithstanding the foregoing, the provisions of this Section 7.9 shall not limit an Indemnifying Party’s indemnification obligations with respect to any Liability that any Indemnitee may have to any third party not affiliated with any member of the WMB Group or the WPX Group.
For purposes of this Employee Matters Agreement, the date on which a Delayed Transfer Employee actually commences employment with the WPX Group (as applicable) is referred to as such individual’s “Applicable Transfer Date”.
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