Hyundai's Right and Responsibility for Preclosing Tax Matters Sample Clauses

Hyundai's Right and Responsibility for Preclosing Tax Matters. Hyundai shall have the right and responsibility to direct the handling of all tax matters affecting or relating to the conduct of the DVD-ROM Business prior to the later to occur of the IP Closing Date and the Asset Closing Date, including the prosecution of all administrative and judicial remedies, the settlement of all issues, and the execution of agreements, consents, or waivers, extending the statute of limitations, provided that no such action, agreement, or stipulation shall have any effect on the tax position or liability of DVS, including as successor to the DVD-ROM Business. (b) DVS's Cooperation. DVS shall use its reasonable efforts to provide Hyundai such assistance as it may reasonably request in connection with matters relating to taxes, including information with respect to Hyundai's preparation of any returns of taxes, any audit or other examination by any taxing authority, any judicial or administrative proceeding relating to Hyundai's liability for taxes, or any claims arising hereunder respecting the DVD-ROM Business. DVS shall retain and provide Hyundai with records or information which may be relevant to any such return, audit, examination, proceeding, or determination, and DVS shall retain all such books and records for examination so long as necessary in keeping with applicable statutes of limitations. 8.2
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Related to Hyundai's Right and Responsibility for Preclosing Tax Matters

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