Common use of Allocation of Taxes Clause in Contracts

Allocation of Taxes. Except as provided in Section 2.2 (Allocation of Deconsolidation Taxes, Distribution Taxes and Transfer Taxes), Taxes shall be allocated as follows: (a) RRD shall be liable for and shall be allocated (i) any Taxes reported on a Separate Return attributable to any member of the RRD Group for any period, (ii) any Taxes reported on a Combined Return for any period, and (iii) any Taxes listed on Schedule B.1. For the avoidance of doubt, RRD shall not be liable for or allocated any Taxes shown on Schedule B.2. (b) Donnelley Financial shall be liable for and shall be allocated (i) any Taxes reported on a Separate Return attributable to any member of the Donnelley Financial Group for any period and (ii) any Taxes listed on Schedule B.2. For the avoidance of doubt, Donnelley Financial shall not be liable for or allocated any Taxes shown on Schedule B.1.

Appears in 4 contracts

Samples: Tax Disaffiliation Agreement, Tax Disaffiliation Agreement (Donnelley Financial Solutions, Inc.), Tax Disaffiliation Agreement (RR Donnelley & Sons Co)

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Allocation of Taxes. Except as provided in Section 2.2 (Allocation of Deconsolidation Taxes, Distribution Taxes and Transfer Taxes), Taxes shall be allocated as follows: (a) RRD shall be liable for and shall be allocated (i) any Taxes reported on a Separate Return attributable to any member of the RRD Group for any period, (ii) any Taxes reported on a Combined Return for any period, and (iii) any Taxes listed on Schedule B.1. For the avoidance of doubt, RRD shall not be liable for or allocated any Taxes shown on Schedule B.2. (b) Donnelley Financial LSC shall be liable for and shall be allocated (i) any Taxes reported on a Separate Return attributable to any member of the Donnelley Financial LSC Group for any period and (ii) any Taxes listed on Schedule B.2. For the avoidance of doubt, Donnelley Financial LSC shall not be liable for or allocated any Taxes shown on Schedule B.1.

Appears in 2 contracts

Samples: Tax Disaffiliation Agreement (LSC Communications, Inc.), Tax Disaffiliation Agreement (LSC Communications, Inc.)

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