Common use of Executing Returns Clause in Contracts

Executing Returns. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement unless there is at least a greater than 50% likelihood of prevailing on the merits for the Tax treatment of each material item reported on the Tax Return. For the avoidance of doubt, any dispute among the Companies with respect to the likelihood of any Tax treatment prevailing on the merits shall be resolved in accordance with the disagreement resolution provisions of Section 13 as promptly as practicable.

Appears in 5 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (Adient PLC), Tax Matters Agreement (Adient LTD)

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Executing Returns. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement unless there is at least a greater than 50% likelihood of prevailing on the merits for the Tax tax treatment of each material item reported on the Tax Return. For the avoidance of doubt, any dispute among the Companies with respect to the likelihood of any Tax tax treatment prevailing on the merits shall be resolved in accordance with the disagreement resolution provisions of Section 13 Article 14 as promptly as practicable.

Appears in 3 contracts

Samples: Tax Matters Agreement (Arconic Rolled Products Corp), Tax Matters Agreement (Arconic Inc.), Tax Matters Agreement

Executing Returns. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement unless there is at least a greater than 50% likelihood of prevailing on the merits for the Tax tax treatment of each material item reported on the Tax Return. For the avoidance of doubt, any dispute among the Companies with respect to the likelihood of any Tax tax treatment prevailing on the merits shall be resolved in accordance with the disagreement resolution provisions of Section 13 Article 15 as promptly as practicable.

Appears in 1 contract

Samples: Tax Matters Agreement (Howmet Aerospace Inc.)

Executing Returns. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement unless there is at least a greater than 50% likelihood of prevailing on the merits for the Tax treatment of each material item reported on the Tax Return. For the avoidance of doubt, any dispute among the Companies with respect to the likelihood of any Tax treatment prevailing on the merits shall be resolved in accordance with the disagreement resolution provisions of Section 13 Article 14 as promptly as practicable.

Appears in 1 contract

Samples: Tax Matters Agreement (Alcoa Upstream Corp)

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Executing Returns. In the case of any Tax Return which is required to be prepared pre- pared and filed by one Company under this Agreement and which is required by Law to be signed by the other Company (or by its authorized representative), the Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement unless there is at least a greater than 50% likelihood of prevailing on the merits for the Tax treatment of each material item reported on the Tax Return. For the avoidance of doubt, any dispute among the Companies with respect to the likelihood of any Tax treatment prevailing on the merits shall be resolved in accordance with the disagreement resolution provisions of Section Sec- tion 13 as promptly as practicable.. (c)

Appears in 1 contract

Samples: Tax Matters Agreement (Adient LTD)

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