Common use of Allocation of Taxes for Joint Returns Clause in Contracts

Allocation of Taxes for Joint Returns. TFMC shall be responsible for all Taxes reported, or required to be reported, on any Joint Return that any member of the TFMC Group files or is required to file under the Code or other applicable Tax Law; provided, however, that to the extent any such Joint Return includes any Tax Item attributable to any member of the TEN Group or to the TEN Business for any Post-Distribution Period, TEN shall be responsible for all Taxes attributable to such Tax Items, computed in a manner reasonably determined by TFMC and in good faith cooperation with TEN.

Appears in 4 contracts

Samples: Tax Matters Agreement (Technip Energies N.V.), Tax Matters Agreement (TechnipFMC PLC), Tax Matters Agreement (Technip Energies B.V.)

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