Common use of Amended Tax Benefit Schedule Clause in Contracts

Amended Tax Benefit Schedule. A Tax Benefit Schedule for any Covered Taxable Year shall be amended from time to time by Edgen (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Benefit Schedule, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following an amended tax return filed for such Covered Taxable Year (provided, however, that a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expert’s determination under the Reconciliation Procedures. At the time Edgen delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b) (an “Amended Tax Benefit Schedule”) to Partnership it shall (x) deliver to Partnership work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership reasonable access to the appropriate representatives at Edgen and its Subsidiaries, EDG LLC, and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless Partnership, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen with notice of an objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errors. If Edgen and the Partnership, after negotiating in good faith, are unable to resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit Schedule, Edgen and Partnership shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A Tax Benefit Schedule for any Covered Taxable Year shall may be amended from time to time by Edgen the applicable Ltd Exchanging Subsidiary with the consent of the Audit Committee (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Benefit ScheduleSchedule identified as a result of the receipt of additional factual information relating to a Covered Taxable Year after the date the Tax Benefit Schedule was provided to the Trustee, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expertexpert’s determination under the Reconciliation Procedures. At the time Edgen a Ltd Exchanging Subsidiary delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b2.05(b) (an “Amended Tax Benefit Schedule”) to Partnership the Trust, it shall (x) deliver to Partnership the Trust schedules and work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership the Trust reasonable access to the appropriate representatives at Edgen Lazard and its Subsidiaries, EDG LLC, Lazard Group and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless Partnershipthe Trust, within 30 60 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen the applicable Ltd Exchanging Subsidiary with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 60 120 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to the Trust, Edgen the Ltd Exchanging Subsidiary and Partnership the Trust shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A Tax Benefit Schedule for any Covered Taxable Year shall may be amended from time to time by Edgen the applicable Ltd Exchanging Subsidiary with the consent of the Audit Committee (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Bene- fit Schedule identified as a result of the receipt of additional factual information relating to a Covered Taxable Year after the date the Tax Benefit ScheduleSchedule was provided to LFCM, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expertexpert’s determination under the Reconciliation Procedures. At the time Edgen a Ltd Exchanging Subsidiary delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b2.05(b) (an “Amended Tax Benefit Schedule”) to Partnership LFCM it shall (x) deliver to Partnership LFCM schedules and work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership LFCM reasonable access to the appropriate representatives at Edgen Lazard and its Subsidiaries, EDG LLC, Lazard Group and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless PartnershipLFCM, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen the applicable Ltd Exchanging Subsidiary with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to LFCM, Edgen the Ltd Exchanging Subsidiary and Partnership LFCM shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A The Tax Benefit Schedule for any Covered Taxable Year shall may be amended from time to time by Edgen DWA (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Benefit ScheduleSchedule identified as a result of the receipt of additional factual information relating to a Covered Taxable Year after the date the Tax Benefit Schedule was provided to DWI II, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expert’s expert's determination under the Reconciliation Procedures. At the time Edgen DWA delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b) (an “"Amended Tax Benefit Schedule”") to Partnership DWI II it shall (x) deliver to Partnership DWI II schedules and work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership DWI II reasonable access to the appropriate representatives at Edgen and its Subsidiaries, EDG LLC, DWA and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless PartnershipDWI II, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen DWA with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faithusing their best efforts, are unable to successfully resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to DWI II, Edgen DWA and Partnership DWI II shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A Tax Benefit Schedule for any Covered Taxable Year shall be amended from time to time by Edgen HFF with the consent of the Audit Committee (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct material inaccuracies in the original Tax Benefit Schedule, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expert’s determination under the Reconciliation Procedures. At the time Edgen HFF delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b2.05(b) (an “Amended Tax Benefit Schedule”) to Partnership Holdings it shall (x) deliver to Partnership Holdings work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership Holdings reasonable access to the appropriate representatives at Edgen HFF and its Subsidiaries, EDG LLC, the Opcos and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless PartnershipHoldings, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen HFF with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faith, are unable to resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to Holdings, Edgen HFF and Partnership Holdings shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A The Tax Benefit Schedule for any Covered Taxable Year shall may be amended from time to time by Edgen DWA (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Benefit ScheduleSchedule identified as a result of the receipt of additional factual information relating to a Covered Taxable Year after the date the Tax Benefit Schedule was provided to DWI II, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expertexpert’s determination under the Reconciliation Procedures. At the time Edgen DWA delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b) (an “Amended Tax Benefit Schedule”) to Partnership DWI II it shall (x) deliver to Partnership DWI II schedules and work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership DWI II reasonable access to the appropriate representatives at Edgen and its Subsidiaries, EDG LLC, DWA and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless PartnershipDWI II, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen DWA with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faithusing their best efforts, are unable to successfully resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to DWI II, Edgen DWA and Partnership DWI II shall employ the Reconciliation Procedures.

Amended Tax Benefit Schedule. A Tax Benefit Schedule for any Covered Taxable Year shall may be amended from time to time by Edgen the applicable Ltd Exchanging Subsidiary with the consent of the Audit Committee (i) in connection with a Determination affecting such Tax Benefit Schedule, (ii) to correct inaccuracies in the original Tax Benefit ScheduleSchedule identified as a result of the receipt of additional factual information relating to a Covered Taxable Year after the date the Tax Benefit Schedule was provided to LFCM, (iii) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Covered Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such Covered Taxable Year, (iv) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment attributable to a Taxable Exchange for such Covered Taxable Year following attributable to an amended tax return filed for such Covered Taxable Year (provided, however, that such a change attributable to an audit of a Tax Return by an applicable Taxing Authority shall not be taken into account on an Amended Tax Benefit Schedule unless and until there has been a Determination with respect to such change) or (v) to comply with the Expertexpert’s determination under the Reconciliation Procedures. At the time Edgen a Ltd Exchanging Subsidiary delivers such an amended Tax Benefit Schedule pursuant to this Section 2.03(b2.05(b) (an “Amended Tax Benefit Schedule”) to Partnership LFCM it shall (x) deliver to Partnership LFCM schedules and work papers providing reasonable detail regarding the preparation of the Amended Tax Benefit Schedule and an Advisory Firm Letter supporting and explaining the reason or reasons for such Amended Tax Benefit Schedule and (y) allow Partnership LFCM reasonable access to the appropriate representatives at Edgen Lazard and its Subsidiaries, EDG LLC, Lazard Group and the Advisory Firm in connection with its review of such schedule. Such Amended Tax Benefit Schedule shall become final and binding on the parties unless PartnershipLFCM, within 30 calendar days after receiving such Amended Tax Benefit Schedule, provides Edgen the applicable Ltd Exchanging Subsidiary with notice of an a material objection or objections to such Amended Tax Benefit Schedule made in good faith except that the Partnership shall not be permitted to object to any amendment to a Tax Benefit Schedule resulting from clause (iii) of this Section 2.03(b) other than for mathematical or computational errorsfaith. If Edgen and the Partnershipparties, after negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 60 calendar days after delivery of such Amended Tax Benefit ScheduleSchedule was delivered to LFCM, Edgen the Ltd Exchanging Subsidiary and Partnership LFCM shall employ the Reconciliation Procedures.