Statutes of Limitations. (a) Except as otherwise provided in this Agreement, UNOVA or Western Atlas may allow a statute of limita- tions to expire, extend a statute, or make exceptions for any Tax Item in a final agreement with the IRS or other taxing authority in respect of any taxable period ending after the Distribution Date, as UNOVA or Western Atlas in its sole discretion may determine. (b) At least six months prior to the expiration of the statute of limitations with respect to any consolidated federal income Tax Return or any Joint Return of UNOVA for any taxable period, UNOVA shall advise Western Atlas in writing of the date of such expiration.
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Samples: Tax Sharing Agreement (Unova Inc), Tax Sharing Agreement (Western Atlas Inc)
Statutes of Limitations. (a) Except as otherwise provided in this Agreement, UNOVA or Western Atlas may allow a statute of limita- tions limitations to expire, extend a statute, or make exceptions for any Tax Item in a final agreement with the IRS or other taxing authority in respect of any taxable period ending after the Distribution Date, as UNOVA or Western Atlas in its sole discretion may determine.
(b) At least six months prior to the expiration of the statute of limitations with respect to any consolidated federal income Tax Return or any Joint Return of UNOVA for any taxable period, UNOVA shall advise Western Atlas in writing of the date of such expiration.
Appears in 2 contracts
Samples: Tax Sharing Agreement (Unova Inc), Tax Sharing Agreement (Baker Hughes Inc)
Statutes of Limitations. (a) Except as otherwise provided in this Agreement, UNOVA or Western Atlas may allow a statute of limita- tions limitations to expire, extend a statute, or make exceptions for any Tax Item in a final agreement with the IRS or other taxing authority in respect of any taxable period ending after the Distribution Date, as UNOVA or Western Atlas in its sole discretion may determine.
(b) At least six months prior to the expiration of the statute of limitations with respect to any consolidated federal income Tax Return or any Joint Return of UNOVA for any taxable period, UNOVA shall advise Western Atlas in writing of the date of such expiration.
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