Common use of Combined and Mixed Items Clause in Contracts

Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents and Buyer are liable under this Agreement, to the extent practicable such Tax Items (as defined in Section 6.6(n) of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheld.

Appears in 2 contracts

Samples: Transaction Agreement (Texas Genco Inc.), Transaction Agreement (Centerpoint Energy Inc)

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Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents Seller and Buyer Resources are liable under this Agreementhereunder, to the extent practicable such Tax Items (as defined in Section 6.6(n) 10.12 of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Option Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has the greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheld.

Appears in 2 contracts

Samples: Genco Option Agreement (Reliant Resources Inc), Texas Genco Option Agreement (Reliant Energy Resources Corp)

Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents Seller and Buyer are liable under this Agreement, to the extent practicable practicable, such Tax Items (as defined in Section 6.6(n) of this Agreement4.6(m)) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable, subject, however, to the provisions of Section 4.6(f)(ii)(B). If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has the greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheldReturn.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Imperial Sugar Co /New/)

Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents the Sellers and Buyer Buyers are liable under this Agreementhereunder, to the extent practicable such Tax Items (as defined in Section 6.6(n) 6.4.12 of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheld.

Appears in 1 contract

Samples: Purchase Agreement (Reliant Energy Mid Atlantic Power Services Inc)

Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents Seller and Buyer are liable under this Agreement, to the extent practicable such Tax Items (as defined in Section 6.6(n4.6(a) of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has the greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheldReturn.

Appears in 1 contract

Samples: Stock Purchase Agreement (Imperial Sugar Co /New/)

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Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents RCC and Buyer NCI are liable under this Agreementhereunder, to the extent practicable such Tax Items (as defined in Section 6.6(n) of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has the greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided provided, further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheld.

Appears in 1 contract

Samples: Stock Purchase Agreement (Nci Building Systems Inc)

Combined and Mixed Items. If such Tax Audit relates to Taxes for which both Parents the Sellers and Buyer are liable under this Agreementhereunder, to the extent practicable such Tax Items (as defined in Section 6.6(n) 6.4.12 of this Agreement) will be distinguished and each party will control the defense and settlement of those Taxes for which it is so liable. If such Tax Audit relates to a taxable period, or portion thereof, beginning before and ending after the Applicable Closing Date and any Tax Item cannot be identified as being a liability of only one party or cannot be separated from a Tax Item for which the other party is liable, Parents, at their expense, the party which has the greater potential liability for those Tax Items that cannot be so attributed or separated (or both) shall control the defense and settlement of the Tax Audit, provided that such party defends the items as reported on the relevant Tax Return and provided further that no such matter shall be settled without the written consent of both parties, not to be unreasonably withheld.

Appears in 1 contract

Samples: Purchase Agreement (Reliant Energy Resources Corp)

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