Hypothetical Tax Return Workpapers Sample Clauses

Hypothetical Tax Return Workpapers. For each taxable year of Valvoline beginning on or after October 1, 2018, Valvoline shall prepare workpapers supporting hypothetical pro forma Tax Returns that are consistent in all material respects to the Tax Returns actually filed by Valvoline for that year (including, where applicable, Valvoline Amended Returns), except that the tax liability reflected on the hypothetical pro forma workpapers shall be determined on a cumulative basis, as if all Legacy Tax Attributes had a balance of zero at the date of Deconsolidation and taking into account available Valvoline Tax Attributes not used on an applicable Valvoline Tax Return to the extent permitted under the Code, Regulations, or applicable state tax Law (“Valvoline Hypothetical Tax Return Workpapers”). Valvoline shall provide to Ashland Global the Valvoline Hypothetical Tax Return Workpapers (including supporting documentation reasonably requested by Ashland) for taxable years beginning on October 1, 2018, October 1, 2019 and October 1, 2020 as soon as reasonably practicable and in any event by March 15, 2023. Valvoline shall provide to Ashland Global the Valvoline Hypothetical Tax Return Workpapers for each taxable year beginning on or after October 1, 2021 within five Business Days of filing the final Valvoline Actual Tax Return for such taxable year. The Valvoline Hypothetical Tax Return Workpapers shall include the supporting documentation prepared by Valvoline in preparation of the Valvoline Hypothetical Tax Return Workpapers reasonably requested by Axxxxxx Global. Ashland Global shall provide Valvoline with any written comments to the Valvoline Hypothetical Tax Return Workpapers within ten Business Days of Ashland Global’s receipt thereof. Except as provided in Section 3.02(e), Valvoline shall revise each Valvoline Hypothetical Return Workpapers to incorporate any reasonable written comments timely provided by Ashland Global to the extent such comments (A) do not affect any position taken on any Valvoline Hypothetical Tax Return Workpapers with respect to its taxable income prior to taking any Legacy Tax Attributes into account, and (B) relate directly to the use of any Legacy Tax Attributes or Tax Attributes of the same type as any Legacy Tax Attributes previously used by Valvoline. For the avoidance of doubt and notwithstanding anything herein to the contrary, Valvoline shall credit, rather than deduct, any foreign taxes reflected on a Valvoline Hypothetical Tax Return Workpaper unless otherwise ...
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Related to Hypothetical Tax Return Workpapers

  • Income Tax Return Information Each Company will provide to the other Company information and documents relating to their respective Groups required by the other Company to prepare Tax Returns. The Responsible Company shall determine a reasonable compliance schedule for such purpose in accordance with Distributing Co.'s past practices. Any additional information or documents the Responsible Company requires to prepare such Tax Returns will be provided in accordance with past practices, if any, or as the Responsible Company reasonably requests and in sufficient time for the Responsible Company to file such Tax Returns on a timely basis.

  • Tax Return “Tax Return” shall mean any return (including any information return), report, statement, declaration, estimate, schedule, notice, notification, form, election, certificate or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.

  • Tax Return Information By the 31st day of March of each Fiscal Year of the Partnership, the General Partner, at the expense of the Partnership, shall cause to be delivered to the Limited Partners such information as shall be necessary (including a statement for that year of each Limited Partner’s share of net income, net gains, net losses and other items of the Partnership for the preceding Fiscal Year) for the preparation by the Limited Partners of their Federal, state and local income and other tax returns.

  • INCOME TAX RETURNS Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Annual Tax Information The Managers shall cause the Company to deliver to the Member all information necessary for the preparation of the Member’s federal income tax return.

  • Tax Returns and Tax Payments (i) The Company has timely filed with the appropriate taxing authorities all Tax Returns required to be filed by it (taking into account all applicable extensions). All such Tax Returns are true, correct and complete in all respects. All Taxes due and owing by the Company has been paid (whether or not shown on any Tax Return and whether or not any Tax Return was required). The Company is not currently the beneficiary of any extension of time within which to file any Tax Return or pay any Tax. No claim has ever been made in writing or otherwise addressed to the Company by a taxing authority in a jurisdiction where the Company does not file Tax Returns that it is or may be subject to taxation by that jurisdiction. The unpaid Taxes of the Company did not, as of the Company Balance Sheet Date, exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the financial statements (rather than in any notes thereto). Since the Company Balance Sheet Date, neither the Company nor any of its subsidiaries has incurred any liability for Taxes outside the ordinary course of business consistent with past custom and practice. As of the Closing Date, the unpaid Taxes of the Company and its subsidiaries will not exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the books and records of the Company.

  • Other Tax Returns Subject to Section 7.01, the Managers shall cause to be prepared and filed all necessary tax returns for the Company.

  • Tax Returns; Taxes Except as otherwise disclosed on Schedule 3.13:

  • Accounting Methods; Income Tax Elections Except as disclosed in ---------------------------------------- Company SEC Reports filed before the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December 31, 1997, except as required by changes in GAAP as concurred in by the Company's independent auditors. The Company shall not (i) change its fiscal year or (ii) make any material tax election, other than in the ordinary course of business consistent with past practice, without consultation with Parent.

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