Mixed Business Returns. In the case of any such Foreign Income Taxes due with respect to, or required to be reported on, a Mixed Business Return: (A) If such Mixed Business Return is a BGC Separate Return, the BGC Entities shall be responsible for any such Foreign Income Taxes; provided, that the Newmark Entities shall be responsible for any such Foreign Income Taxes that are Newmark Adjustment Taxes. (B) If such Mixed Business Return is a Newmark Separate Return, the Newmark Entities shall be responsible for any such Foreign Income Taxes; provided, that the BGC Entities shall be responsible for any such Foreign Income Taxes that are BGC Adjustment Taxes.
Appears in 3 contracts
Samples: Tax Matters Agreement (Newmark Group, Inc.), Tax Matters Agreement (BGC Partners, Inc.), Tax Matters Agreement (Newmark Group, Inc.)
Mixed Business Returns. In the case of any such Foreign Income Taxes due with respect to, or required to be reported on, a Mixed Business Return:
(A) If such Mixed Business Return is a BGC Separate Return, the BGC Entities shall be responsible for any such Foreign Income Taxes; provided, that the Newmark Entities shall be responsible for any such Foreign Income Taxes that are Newmark Adjustment Taxes.
(B) If such Mixed Business Return is a Newmark Separate Return, the Newmark Entities shall be responsible for any such Foreign Income Taxes; provided, that the BGC Entities shall be responsible for any such Foreign Income Taxes that are BGC Adjustment Taxes.
Appears in 1 contract