Common use of Apportionment of Earnings and Profits and Tax Attributes Clause in Contracts

Apportionment of Earnings and Profits and Tax Attributes. OFC shall in good faith advise Altisource in writing of the portion, if any, of any earnings and profits, Tax Attribute or other consolidated, combined or unitary attribute that OFC determines shall be allocated or apportioned to the Altisource Group under applicable law. Altisource and all members of the Altisource Group shall prepare all Tax Returns in accordance with such written notice. As soon as practicable after receipt of a written request from Altisource, OFC shall provide copies of any studies, reports and workpapers supporting such allocations and apportionments. In the event of a subsequent adjustment by the applicable Tax Authority to such allocations and apportionments, OFC shall promptly notify Altisource in writing of such adjustment. For the avoidance of doubt, OFC shall not be liable to any member of the Altisource Group for any failure of any determination under this Section 4.08 to be accurate under applicable Tax Law.

Apportionment of Earnings and Profits and Tax Attributes. OFC Altisource shall in good faith advise Altisource Residential in writing of the portion, if any, of any earnings and profits, Tax Attribute Attributes or other consolidated, combined or unitary attribute attributes that OFC Altisource determines shall be allocated or apportioned to the Altisource Residential Group under applicable law. Altisource Residential and all members of the Altisource Residential Group shall prepare all Tax Returns in accordance with such written notice. As soon as practicable after receipt of a written request from AltisourceResidential, OFC Altisource shall provide copies of any studies, reports and workpapers supporting such allocations and apportionments. In the event of a subsequent adjustment by the applicable Tax Authority to such allocations and apportionments, OFC Altisource shall promptly notify Altisource Residential in writing of such adjustment. For the avoidance of doubt, OFC Altisource shall not be liable to any member of the Altisource Residential Group for any failure of any determination under this Section 4.08 3.07 to be accurate under applicable Tax Law.

Apportionment of Earnings and Profits and Tax Attributes. OFC Altisource shall in good faith advise Altisource AAMC in writing of the portion, if any, of any earnings and profits, Tax Attribute Attributes or other consolidated, combined or unitary attribute attributes that OFC Altisource determines shall be allocated or apportioned to the Altisource AAMC Group under applicable law. Altisource AAMC and all members of the Altisource AAMC Group shall prepare all Tax Returns in accordance with such written notice. As soon as practicable after receipt of a written request from AltisourceAAMC, OFC Altisource shall provide copies of any studies, reports and workpapers supporting such allocations and apportionments. In the event of a subsequent adjustment by the applicable Tax Authority to such allocations and apportionments, OFC Altisource shall promptly notify Altisource AAMC in writing of such adjustment. For the avoidance of doubt, OFC Altisource shall not be liable to any member of the Altisource AAMC Group for any failure of any determination under this Section 4.08 3.07 to be accurate under applicable Tax Law.