Common use of Payment of Taxes to Tax Authority Clause in Contracts

Payment of Taxes to Tax Authority. Parent shall be responsible for remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible for filing pursuant to Section 3.1 or Section 3.2, and Spinco shall be responsible for remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible for filing pursuant to Section 3.2.

Appears in 2 contracts

Samples: Tax Disaffiliation Agreement (Douglas Elliman Inc.), Tax Disaffiliation Agreement (Douglas Elliman Inc.)

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Payment of Taxes to Tax Authority. Parent shall be responsible for remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible for the preparation and filing pursuant to Section 3.1 or Section 3.23.1(a), and Spinco shall be responsible for remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible for the preparation and filing pursuant to Section 3.23.1(b).

Appears in 2 contracts

Samples: Tax Matters Agreement (Urban Edge Properties), Tax Matters Agreement (Urban Edge Properties)

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