Common use of Tax and Financial Cooperation Clause in Contracts

Tax and Financial Cooperation. During the term hereof and for a perpetual period following termination as provided in Article X, the parties agree to cooperate with each other in connection with any official tax inquiry, tax audit, determination or related proceeding affecting tax liability of either party or, in connection with a determination of any tax liability or treatment, to make available to each other party within a reasonable amount of time, at no cost to such party, documents, correspondence, reports, books and records of either party and any other materials bearing on such tax inquiry, audit, examination, proceeding or determination of tax liability or treatment, provided that each party shall be reimbursed for any out-of-pocket expenses it incurs in assisting another party hereunder.

Appears in 2 contracts

Samples: Consumer Credit Card Program Agreement, Consumer Credit Card Program Agreement (J C Penney Co Inc)

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Tax and Financial Cooperation. During the term Term hereof and for a perpetual period following termination as provided in Article XIX, the parties agree to cooperate with each other in connection with any official tax inquiry, tax audit, determination or related proceeding affecting tax liability of either party or, in connection with a determination of any tax liability or treatment, to make available to each other party within a reasonable amount of time, at no cost to such party, documents, correspondence, reports, books and records of either party and any other materials bearing on such tax inquiry, audit, examination, proceeding or determination of tax liability or treatment, provided that each party shall be reimbursed for any out-of-pocket expenses it incurs in assisting another party hereunder.

Appears in 1 contract

Samples: Consumer Credit Card Program Agreement (Circuit City Stores Inc)

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Tax and Financial Cooperation. During the term hereof Term, and for a perpetual period following termination thereafter as provided in Article X, the parties agree to cooperate with each other in connection with any official tax inquiry, tax audit, determination or related proceeding affecting tax liability of either party or, in connection with a determination of any tax liability or treatment, to make available to each other party within a reasonable amount of time, at no cost to such party, documents, correspondence, reports, books and records of either party and any other materials bearing on such tax inquiry, audit, examination, proceeding or determination of tax liability or treatment, provided that each party shall be reimbursed for any out-of-pocket expenses it incurs in assisting another party hereunder.

Appears in 1 contract

Samples: Credit Card Program Agreement (J C Penney Co Inc)

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