Common use of INCOME TAX COMPLIANCE Clause in Contracts

INCOME TAX COMPLIANCE. The Tax Matters Partner shall prepare or cause to be prepared and filed on behalf of the Company, when and as required by applicable law, all federal, state and local income tax information returns or requests for extensions thereof. Not less than thirty (30) days prior to the due date (including extensions) for any return (but not later than August 15 of each year), the Tax Matters Partner shall submit to each Member a copy of the return as proposed for review and a schedule showing the Member's allocable share of the Company's tax attributes ("Tax Attributes") sufficient to allow such Member to include such Tax Attributes in its federal income tax return. Each Member shall provide to the Tax Matters Partner, when and as requested, all information concerning the affairs of such Member as may be reasonably required to permit the filing of such returns.