Allocation Conventions. (a) All Taxes allocated pursuant to Section 1.2(a) shall be allocated in accordance with the Closing of the Books Method; provided, however, that if applicable Tax Law does not permit a member of the TEN Group to close its Tax Period on the Distribution Date, the Tax attributable to the operations of the members of the TEN Group for any Pre-Distribution Period shall be the Tax computed using a hypothetical closing of the books consistent with the Closing of the Books Method unless otherwise agreed to by the Parties.
Appears in 3 contracts
Samples: Tax Matters Agreement (TechnipFMC PLC), Tax Matters Agreement (Technip Energies B.V.), Tax Matters Agreement (Technip Energies B.V.)
Allocation Conventions. (a) All Taxes allocated pursuant to Section 1.2(a) 2.2 shall be allocated in accordance with the Closing of the Books Method; provided, however, that if applicable Tax Law does not permit a member of the TEN Group LENSAR Entity to close its Tax Period on the Distribution Date, the Tax attributable to the operations of the members of the TEN Group LENSAR Entities for any Pre-Distribution Period shall be the Tax computed using a hypothetical closing of the books consistent with the Closing of the Books Method unless otherwise agreed to by the PartiesMethod.
Appears in 2 contracts
Samples: Tax Matters Agreement (LENSAR, Inc.), Tax Matters Agreement (LENSAR, Inc.)
