Common use of Consistent Tax Treatment Clause in Contracts

Consistent Tax Treatment. To the extent that assets are assigned, sold, transferred or conveyed by a member of the Plains Group to Spinco or another member of the Spinco Group in contemplation of the Separation (as defined in the Distribution Agreement) or the Spin-Off and any such transaction is treated as a sale for Tax purposes, the aggregate purchase price shall be allocated among the assets assigned, sold, transferred or conveyed as determined by Plains in its sole discretion. Each of Plains and Spinco agrees to report and, where applicable, to cause the members of their respective groups to report, the purchase prices of such assets as determined by Plains.