Manner of Preparation. (a) To the extent permitted by law, any taxable period of Spinco or any Spinco Subsidiary for any state or local Income Tax purposes that would otherwise include but not end on the Distribution Date shall be bifurcated into two separate taxable periods, one ending on the Distribution Date and the other beginning on the day following the Distribution Date (each a “Stub Taxable Period”), and a separate Income Tax Return for each Stub Taxable Period shall be prepared and filed by the Party responsible for such preparation and filing pursuant to Sections 3.1 and 3.2.
Appears in 5 contracts
Samples: Tax Matters Agreement (Quorum Health Corp), Tax Matters Agreement (Quorum Health Corp), Tax Matters Agreement (Engility Holdings, Inc.)
