Common use of Apportionment of New Parkway Taxes Clause in Contracts

Apportionment of New Parkway Taxes. For all purposes of this Agreement, Cousins shall determine in its reasonable discretion exercised in good faith, after consultation with New Parkway, which Tax Items are properly attributable to assets or activities of the New Parkway Business for periods from and after the Issuance Time (and in the case of a Tax Item that is properly attributable to both the New Parkway Group from and after the Issuance Time and the Cousins Group, the allocation of such Tax Item between the New Parkway Group and the Cousins Group).

Appears in 4 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (Parkway Properties Inc), Tax Matters Agreement (Cousins Properties Inc)

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