Common use of Execution of Returns Prepared by Other Party Clause in Contracts

Execution of Returns Prepared by Other Party. In the case of any Tax Return that is required to be prepared and filed by the Responsible Company under this Agreement and that is required by law to be signed by the other Company (or by its authorized representative), the Company that is legally required to sign such Tax Return shall be required to sign such Tax Return unless there is no reasonable basis for the Tax treatment of an item reported on the Tax Return or the Tax treatment of an item reported on the Tax Return should, in the opinion (reasonably acceptable in form and substance to the Responsible Company) of a Tax Advisor, subject the other Company (or its authorized representatives) to material penalties.

Execution of Returns Prepared by Other Party. In the case of any Tax Return that which is required to be prepared and filed by the Responsible one Company under this Agreement and that which is required by law to be signed by the other Company (or by its authorized representative), the Company that which is legally required to sign such Tax Return shall not be required to sign such Tax Return unless under this Agreement if there is no reasonable basis for the Tax treatment of an any item reported on the Tax Return or the Tax treatment of an any item reported on the Tax Return should, in the opinion (reasonably acceptable in form and substance to the Responsible Company) of a Tax Advisoradvisor from a nationally recognized legal, accounting or professional tax services firm, subject the other Company (or its authorized representatives) to material penalties.