Common use of Consolidated Returns and Combined Returns Clause in Contracts

Consolidated Returns and Combined Returns. Xxxxxxxx shall prepare and file all Consolidated Returns and Combined Returns that are required to be filed by or with respect to any member of the WPX Group, and shall pay any Taxes payable with respect to such Tax Returns. Xxxxxxxx shall prepare all such Tax Returns in good faith and in accordance with the Tax Law. At the discretion of WPX, WPX may assist in the preparation of such Tax Returns as may be requested by Xxxxxxxx. Xxxxxxxx shall, in its discretion, make all determinations regarding the preparation of such Tax Returns, including without limitation, determinations regarding the entities to be included in any Tax Return, the making, modification or revocation of any election, the adoption or change of any Tax accounting methods, and any other position to be taken on or in respect of such Tax Returns, including the carryback of losses.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Williams Companies Inc), Tax Sharing Agreement (WPX Energy, Inc.), Tax Sharing Agreement (WPX Energy, Inc.)

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Consolidated Returns and Combined Returns. Xxxxxxxx shall prepare and file all Consolidated Returns and Combined Returns that are required to be filed by or with respect to any member of the WPX Group that is part of the Xxxxxxxx Group, and shall pay any Taxes payable with respect to such Tax Returns. Xxxxxxxx shall prepare all such Tax Returns in good faith and in accordance with the Tax Law. At the discretion of WPX, WPX may assist in the preparation of such Tax Returns as may be requested by Xxxxxxxx. Xxxxxxxx shall, in its discretion, make all determinations regarding the preparation of such Tax Returns, including without limitation, determinations regarding the entities to be included in any Tax Return, the making, modification or revocation of any election, the adoption or change of any Tax accounting methods, and any other position to be taken on or in respect of such Tax Returns, including the carryback of losses.

Appears in 2 contracts

Samples: Tax Sharing Agreement (WPX Energy, Inc.), Tax Sharing Agreement (WPX Energy, Inc.)

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Consolidated Returns and Combined Returns. Xxxxxxxx shall prepare and file all Consolidated Returns and Combined Returns that are required to be filed by or with respect to any member of the WPX Group, Group and shall pay any Taxes payable with respect to such Tax Returns. Xxxxxxxx shall prepare all such Tax Returns in good faith and in accordance with the Tax Law. At the discretion of WPX, WPX may assist in the preparation of such Tax Returns as may be requested by Xxxxxxxx. Xxxxxxxx shall, in its discretion, make all determinations regarding the preparation of such Tax Returns, including without limitation, determinations regarding the entities to be included in any Tax Return, the making, modification or revocation of any election, the adoption or change of any Tax accounting methods, and any other position to be taken on or in respect of such Tax Returns, including the carryback of losses.

Appears in 1 contract

Samples: Tax Sharing Agreement (WPX Energy, Inc.)

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