Common use of Subsequent Changes in Treatment of Tax Items Clause in Contracts

Subsequent Changes in Treatment of Tax Items. With respect to any Combined Return for any taxable period beginning on or after the Effective Date, in the event of a change in the treatment of any Tax Item of any member of a Combined Group as a result of a Final Determination, within 30 days following such Final Determination (i) Anadarko shall calculate the change, if any, to the Partnership Group Combined Tax Liability resulting from such change, (ii) Anadarko shall pay any decrease in the Partnership Group Combined Tax Liability to the Partnership and (iii) the Partnership shall pay any increase in the Partnership Group Combined Tax Liability to Anadarko.

Appears in 5 contracts

Samples: Tax Sharing Agreement, Tax Sharing Agreement, Tax Sharing Agreement (Western Gas Equity Partners, LP)

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