Common use of Cooperation and Notification Clause in Contracts

Cooperation and Notification. The Parties agree to fully cooperate with each other to enable each Party to more accurately determine its own Tax liability and to minimize such liability to the extent legally permissible and administratively reasonable, including in connection with the filing of any Tax return or claim for refund, provided that this does not result in material costs (including additional Taxes) for the other Party. Each Party will provide and make available to the other any exemption certificates, resale certificates, information regarding out-of-state or out-of-country sales or use of equipment, materials or Services, and other information reasonably requested by the other Party. Each Party will notify the other within a reasonable amount of time of, and coordinate with the other on, the response to and settlement of any claim for Taxes asserted by applicable Tax authorities for which such other Party is responsible hereunder. If a situation occurs where State Street chooses to exercise its right to back xxxx the relevant BTC Recipients for Transfer Taxes incurred pursuant to any audit, notice or assessment for which such BTC Recipients are obligated to pay under a Service Module, State Street agrees to make every good faith effort to timely notify such BTC Recipients of its intent to exercise said right.

Cooperation and Notification. The Parties agree to fully cooperate with each other to enable each Party to more accurately determine its own Tax liability and to minimize such liability to the extent legally permissible and administratively reasonable, including in connection with the filing of any Tax return or claim for refund, provided that this does not result in material costs (including additional Taxes) for the other Party. Each Party will provide and make available to the other any exemption certificates, resale certificates, information regarding out-of-state or out-of-country sales or use of equipment, materials or Services, and other information reasonably requested by the other Party. Each Party will notify the other within a reasonable amount of time of, and coordinate with the other on, the response to and settlement of any claim for Taxes asserted by applicable Tax authorities for which such other Party is responsible hereunder. If a situation occurs where State Street chooses to exercise its right to back xxxx the relevant BTC BFA Recipients for Transfer Taxes incurred pursuant to any audit, notice or assessment for which such BTC BFA Recipients or BFA, on behalf of such BFA Recipients, are obligated to pay under a Service Module, State Street agrees to make every good faith effort to timely notify such BTC BFA Recipients of its intent to exercise said right.

Cooperation and Notification. The Parties agree to fully cooperate with each other to enable each Party to more accurately determine its own Tax liability and to minimize such liability to the extent legally permissible and administratively reasonable, including in connection with the filing of any Tax return or claim for refund, provided that this does not result in material costs (including additional Taxes) for the other Party. Each Party will provide and make available to the other any exemption certificates, resale certificates, information regarding out-of-state or out-of-country sales or use of equipment, materials or Services, and other information reasonably requested by the other Party. Each Party will notify the other within a reasonable amount of time of, and coordinate with the other on, the response to and settlement of any claim for Taxes asserted by applicable Tax authorities for which such other Party is responsible hereunder. If a situation occurs where State Street chooses to exercise its right to back xxxx the relevant BTC BGI Recipients for Transfer Taxes incurred pursuant to any audit, notice or assessment for which such BTC BGI Recipients are obligated to pay under a Service Module, State Street agrees to make every good faith effort to timely notify such BTC BGI Recipients of its intent to exercise said right.