Common use of Cooperation with Respect to Tax Returns Clause in Contracts

Cooperation with Respect to Tax Returns. Acquiror and Seller agree to furnish or cause to be furnished to each other, and each at their own expense, as promptly as practicable, such information (including access to books and records) and assistance, including making employees available on a mutually convenient basis to provide additional information and explanations of any material provided, relating to the Snapple Companies or the Snapple Business as is reasonably necessary for the filing of any Tax Return and elections in respect thereof, for the preparation for any audit, and for the prosecution or defense of any claim, suit or proceeding relating to any adjustment or proposed adjustment with respect to Taxes. Acquiror or Snapple shall retain in its possession, and shall provide Seller reasonable access to (including the right to make copies of), such supporting books and records and any other materials that Seller may specify with respect to Tax matters relating to any taxable period ending on or prior to the Closing Date until the relevant statute of limitations (or extensions thereof) has expired. After such time, Acquiror may dispose of such material, provided that prior to such disposition Acquiror shall give Seller a reasonable opportunity to take possession of such materials.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Triarc Companies Inc), Stock Purchase Agreement (Quaker Oats Co)

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Cooperation with Respect to Tax Returns. Acquiror Purchaser and Seller the Sellers agree to furnish or cause to be furnished to each other, and each at their own expense, as promptly as practicable, such information (including access to books and records) and assistance, including making employees available on a mutually convenient basis to provide additional information and explanations of any material provided, relating to the Snapple Companies DOIL or the Snapple Business any Subsidiary as is reasonably necessary for the filing of any ox xxy Tax Return and elections in respect thereofReturn, for the preparation for any audit, and for the prosecution or defense of any claim, suit or proceeding relating to any adjustment or proposed adjustment with respect to Taxes. Acquiror Purchaser shall (or Snapple shall retain in its possessioncause DOIL or the applicable Subsidiary to) retain, and shall provide Seller providx xhe Sellers reasonable access to (including the right to make copies of), such supporting books and records and any other materials that Seller the Sellers may specify with respect to Tax matters relating to any taxable period ending on or prior to the Closing Date until the relevant statute of limitations (or extensions thereof) has expired. After such time, Acquiror such material may dispose of such materialbe disposed, provided that prior to such disposition Acquiror Purchaser, DOIL or the applicable Subsidiary shall give Seller a the Sellers x reasonable opportunity to take possession of such materials.

Appears in 1 contract

Samples: Purchase Agreement (Franklin Resources Inc)

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Cooperation with Respect to Tax Returns. Acquiror Purchaser and Seller agree to furnish or cause to be furnished to each other, and each at their own expense, as promptly as practicable, such information (including access to books and records) and assistance, including making employees available on a mutually convenient basis to provide additional information and explanations of any material provided, relating to the Snapple Companies or the Snapple Business Company as is reasonably necessary for the filing of any Tax Return and elections in respect thereofTAX RETURN, for the preparation for any audit, and for the prosecution or defense of any claim, suit or proceeding relating to any adjustment or proposed adjustment with respect to TaxesTAXES. Acquiror Purchaser or Snapple the Company shall retain in its possession, and shall provide Seller reasonable access to (including the right to make copies of), such supporting books and records and any other materials that Seller may specify with respect to Tax matters relating to any taxable period ending on or prior to the Closing Date CLOSING DATE until the relevant statute of limitations (or extensions thereof) has expired. After such time, Acquiror Purchaser may dispose of such material, provided that prior to such disposition Acquiror Purchaser shall give Seller a reasonable opportunity to take possession of such materials.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Stationers Supply Co)

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