Common use of Request for Tax Ruling Clause in Contracts

Request for Tax Ruling. The parties will request the IRS to issue a private letter ruling holding that New Ashland Inc. is entitled to claim the Specified Liability Deductions. If the IRS issues such a private letter ruling, the Specified Liability Deductions shall be claimed by New Ashland Inc. on the New Ashland Inc. Affiliated Group’s consolidated Federal income tax return and not by Marathon or any member of the Marathon Group.

Appears in 2 contracts

Samples: Tax Matters Agreement (Marathon Oil Corp), Tax Matters Agreement (Marathon Oil Corp)

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Request for Tax Ruling. The parties will request the IRS to issue a private letter ruling holding that New Ashland Inc. is entitled to claim the Specified Liability Deductions. If the IRS issues such a private letter ruling, the Specified Liability Deductions shall be claimed by New Ashland Inc. on the New Ashland Inc. Affiliated Group’s 's consolidated Federal income tax return and not by Marathon or any member of the Marathon Group.

Appears in 2 contracts

Samples: Tax Matters Agreement (Ashland Inc), Tax Matters Agreement (Ashland Inc)

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