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

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

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

Apportionment of Earnings and Profits and Tax Attributes. Altisource shall in good faith advise Residential AAMC in writing of the portion, if any, of any earnings and profits, Tax Attributes or other consolidated, combined or unitary attributes that Altisource determines shall be allocated or apportioned to the Residential AAMC Group under applicable law. Residential AAMC and all members of the Residential AAMC Group shall prepare all Tax Returns in accordance with such written notice. As soon as practicable after receipt of a written request from ResidentialAAMC, 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, Altisource shall promptly notify Residential AAMC in writing of such adjustment. For the avoidance of doubt, Altisource shall not be liable to any member of the Residential AAMC Group for any failure of any determination under this Section 3.07 to be accurate under applicable Tax Law.