Common use of Amended Returns and Carrybacks Clause in Contracts

Amended Returns and Carrybacks. (a) Fortrea shall not, and shall not permit any member of the Fortrea Group to, file or allow to be filed any request for an Adjustment or any amended Tax Return for any Pre-Distribution Period without the prior written consent of Labcorp, such consent to be exercised in Labcorp’s sole and absolute discretion; provided, that, if requested by Labcorp in its sole and absolute discretion, Fortrea shall file, or cause to be filed, a request for an Adjustment or an amended Tax Return and shall, to the extent permitted by applicable Law, amend any financial account or statement to the extent necessary to effectuate such Adjustment or amended Tax Return in order to claim a Refund to which Labcorp is entitled pursuant to this Agreement.

Appears in 4 contracts

Samples: Tax Matters Agreement (Laboratory Corp of America Holdings), Tax Matters Agreement (Fortrea Holdings Inc.), Tax Matters Agreement (Fortrea Holdings Inc.)

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