Common use of Post-Distribution Rulings or Unqualified Tax Opinions at CBS’s Request Clause in Contracts

Post-Distribution Rulings or Unqualified Tax Opinions at CBS’s Request. CBS shall have the right to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion at any time in its sole and absolute discretion. If CBS determines to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion, Acquiror and Radio shall (and shall cause their respective Affiliates to) cooperate with CBS and take any and all actions reasonably requested by CBS in connection with obtaining the Post-Distribution Ruling or Unqualified Tax Opinion (including, without limitation, by making any representation or covenant or providing any materials or information reasonably requested by the IRS or Tax Advisor; provided that Acquiror and Radio shall not be required to make (or cause any member of the Acquiror Group to make) any representation or covenant that is untrue or inconsistent with historical facts or as to future matters or events over which matters or events they have no control). CBS shall reimburse Acquiror for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of Acquiror personnel, incurred by the Acquiror Group in connection with such cooperation within ten Business Days after receiving an invoice from Acquiror therefor.

Appears in 3 contracts

Samples: Tax Matters Agreement (CBS Corp), Tax Matters Agreement (CBS Corp), Tax Matters Agreement (Entercom Communications Corp)

AutoNDA by SimpleDocs

Post-Distribution Rulings or Unqualified Tax Opinions at CBS’s Request. CBS shall have the right to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion at any time in its sole and absolute discretion. If CBS determines to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion, Acquiror and Radio shall (and shall cause their respective Affiliates each Affiliate of Radio to) cooperate with CBS and take any and all actions reasonably requested by CBS in connection with obtaining the Post-Distribution Ruling or Unqualified Tax Opinion (including, without limitation, by making any representation or covenant or providing any materials or information reasonably requested by the IRS or Tax Advisor; provided that Acquiror and Radio shall not be required to make (or cause any member Affiliate of the Acquiror Group Radio to make) any representation or covenant that is untrue or inconsistent with historical facts or as to future matters or events over which matters or events they have it has no control). CBS shall reimburse Acquiror Radio for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of Acquiror Radio personnel, incurred by the Acquiror Radio Group in connection with such cooperation within ten Business Days after receiving an invoice from Acquiror Radio therefor.

Appears in 1 contract

Samples: Tax Matters Agreement (CBS Radio Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!