Common use of Mixed Business U.S. Income Tax Returns Clause in Contracts

Mixed Business U.S. Income Tax Returns. (i) Navy shall prepare and file (or cause a Navy Entity to prepare and file) any Mixed Business U.S. Income Tax Return required to be filed by Navy or a Navy Entity and shall pay, or cause such Navy Entity to pay, all Taxes shown to be due and payable on such Tax Return; provided that Red Lion shall reimburse Navy for any such Taxes that are Red Lion Taxes (for the avoidance of doubt taking into account those payments (if any) of Taxes with respect to such Tax Return made on or prior to the Closing Date by Red Lion or a Red Lion Entity).

Appears in 4 contracts

Samples: Tax Matters Agreement (Nabors Industries LTD), Tax Matters Agreement (C&J Energy Services Ltd.), Tax Matters Agreement (Nabors Red Lion LTD)

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