Common use of Combined Tax Returns Clause in Contracts

Combined Tax Returns. From and after the Distribution Date, if the Generico Parties and the Alpha Parties shall be required to file a combined Tax Return in California (a “Combined Return”), (i) Gholdco shall prepare and timely file or cause to be timely filed such Combined Return; (ii) Gholdco shall timely remit or cause to be timely remitted any Taxes due in respect of such Combined Return; and (iii) the respective liability of each of the parties with respect to the Taxes due in respect of such Combined Return shall be determined in accordance with Cal. Code Regs., tit. 18, § 25106.5. The amount of the respective liability of the Alpha Parties shall be Alpha Taxes and the amount of the respective liability of the Generico Parties shall be Generico Taxes.

Appears in 4 contracts

Samples: Tax Allocation Agreement (New Abraxis, Inc.), Tax Allocation Agreement (Abraxis Biosciences, Inc.), Tax Allocation Agreement (APP Pharmaceuticals, Inc.)

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