Common use of Participation in the Other Parties’ Tax Matters Clause in Contracts

Participation in the Other Parties’ Tax Matters. Except as otherwise provided herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation and loanDepot, including without limitation the preparation, filing, or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporation shall notify the Recipients of, and keep the Recipients reasonably informed with respect to, the portion of any audit of the Corporation and loanDepot by a Taxing Authority the outcome of which is reasonably expected to affect the rights and obligations of the Recipients under this Agreement, and shall provide the Recipients reasonable opportunity to provide information and other input to the Corporation and loanDepot and their respective advisors concerning the conduct of any such portion of such audit.

Participation in the Other Parties’ Tax Matters. Except as otherwise provided hereinherein or in any other Agreement between the Corporation and any of the Members, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation and loanDepotCorporation, including without limitation the preparation, filing, or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporation shall notify the Recipients Committee of, and keep the Recipients Committee reasonably informed with respect to, the portion of any audit of the Corporation and loanDepot by a Taxing Authority the outcome of which is reasonably expected to affect the rights and obligations of the Recipients Members under this Agreement, and shall provide to the Recipients Committee reasonable opportunity to provide information and other input to the Corporation and loanDepot and their its respective advisors concerning the conduct of any such portion of such audit.