Common use of Designation of Tax Matters Partner Clause in Contracts

Designation of Tax Matters Partner. PDUS is hereby designated tax matters partner (hereinafter “TMP”) as defined in Section 6231(a)(7) of the Internal Revenue Code of 1986, as amended (“the Code”), and shall be responsible for, make elections for, and prepare and file any federal and state tax returns or other required tax forms. The TMP and MUI shall use reasonable best efforts to comply with the responsibilities outlined in this Article II and in Sections 6221 through 6233 of the Code (including any Treasury regulations promulgated thereunder) and in doing so shall incur no liability to any other party.

Appears in 2 contracts

Samples: Exploration and Development Agreement (Miranda Gold Corp), Exploration and Development Agreement (Miranda Gold Corp)

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Designation of Tax Matters Partner. PDUS is hereby designated tax matters partner (hereinafter "TMP") as defined in Section 6231(a)(7) of the Internal Revenue Code of 1986, as amended ("the Code"), and shall be responsible for, make elections for, and prepare and file any federal and state tax returns or other required tax forms. The TMP and MUI shall use reasonable best efforts to comply with the responsibilities outlined in this Article II and in Sections 6221 through 6233 of the Code (including any Treasury regulations promulgated thereunder) and in doing so shall incur no liability to any other party.

Appears in 1 contract

Samples: Exploration and Development Agreement (Miranda Gold Corp)

Designation of Tax Matters Partner. PDUS is hereby designated tax matters partner (hereinafter "TMP") as defined in Section 6231(a)(76231 (a)(7) of the Internal Revenue Code of 1986, as amended ("the Code"), and shall be responsible for, make elections for, and prepare and file any federal and state tax returns or other required tax forms. The TMP and MUI GAM shall use reasonable best efforts to comply with the responsibilities outlined in this Article II and in Sections 6221 through 6233 of the Code (including any Treasury regulations promulgated thereunder) and in doing so shall incur no liability to any other party.

Appears in 1 contract

Samples: Exploration and Development Agreement (Great American Minerals Inc)

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Designation of Tax Matters Partner. PDUS is hereby designated tax matters partner (hereinafter "TMP") as defined in Section 6231(a)(7) of the Internal Revenue Code of 1986, as amended ("the Code"), and shall be responsible for, make elections for, and prepare and file any federal and state tax returns or other required tax forms. The TMP and MUI Lessee shall use reasonable best efforts to comply with the responsibilities outlined in this Article II and in Sections 6221 through 6233 of the Code (including any Treasury regulations promulgated thereunder) and in doing so shall incur no liability to any other party.

Appears in 1 contract

Samples: Exploration and Development Agreement (White Knight Resources Ltd.)

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