Common use of Preparation of Tax Return Clause in Contracts

Preparation of Tax Return. The Shareholders recognize that a year-to-date income tax return must be prepared and filed for each Company as a result of this transaction and that the Shareholders are primarily responsible for causing the preparation of this return; provided, however, that Buyer shall cause the Company to provide the Shareholders and their authorized representatives with reasonable access to the Company's books and records in order to prepare such return. The Shareholders therefore agree to cause the preparation of these returns in accordance with federal filing requirements, at the Company's expense, and deliver them to the Company in advance to review and file. Buyer and the Company shall be solely responsible for any changes they make to the returns prepared by the Shareholders.

Preparation of Tax Return. The Shareholders recognize that a year-to-date income tax return must be prepared and filed for each Company as a result of this transaction and that the Shareholders are primarily responsible for causing the preparation of this return; provided, however, that Buyer shall cause the Company Companies to provide the Shareholders and their authorized representatives with reasonable access to the Company's Companies' books and records in order to prepare such return. The Shareholders therefore agree to cause the preparation of these returns in accordance with federal filing requirements, at the Company's expense, and deliver them to the Company Companies in advance to review and file. Buyer and the Company Companies shall be solely responsible for any changes they make to the returns prepared by the Shareholders.