Tax Matters Consistency Cooperation. Section 6.1 Participation in the Corporation’s and the LLC’s Tax Matters. Except as otherwise provided herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation and the LLC, including without limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, PubCo (i) shall notify the TRA Holder Representatives of, and keep the TRA Holder Representatives reasonably informed with respect to, the portion of any audit, examination, or any other administrative or judicial proceeding (a “Tax Proceeding”) of the Corporation, the LLC, or any of the LLC’s Subsidiaries by a Taxing Authority the outcome of which is reasonably expected to materially and adversely affect the rights and obligations of the TRA Holders under this Agreement, (ii) shall provide the TRA Holder Representatives with reasonable opportunity to provide information and other input to the Corporation, the LLC and their respective advisors concerning the conduct of any such portion of a Tax Proceeding, and (iii) shall not enter into any settlement with respect to any such portion of a Tax Proceeding that could have a material effect on the TRA Holders’ rights (including the right to receive payments) under this Agreement without the written consent of the TRA Holder Representatives, such consent not to be unreasonably withheld, conditioned or delayed; provided, however, that the Corporation and the LLC shall not be required to take any action, or refrain from taking any action, that is inconsistent with any provision of the LLC Agreement; provided, further, that, notwithstanding anything to the contrary contained herein, the Corporation shall prepare, file, and/or amend all Tax Returns in accordance with applicable law (including with respect to the calculation of taxable income and any calculations required to be made under this Agreement) and nothing in this Agreement shall prevent the TRA Holder Representatives from disputing such Tax matters in accordance with Section 7.9.
Tax Matters Consistency Cooperation. Participation in the Corporation’s and Beacon Street’s Tax Matters 20 SECTION 6.2. Consistency 20 SECTION 6.3. Cooperation 21 SECTION 7.1. Notices 21 SECTION 7.2. Counterparts 22 SECTION 7.3. Entire Agreement; No Third-Party Beneficiaries 22 SECTION 7.4. Severability 22 SECTION 7.5. Assignments; Amendments; Successors; No Waiver 22 SECTION 7.6. Titles and Subtitles 23 SECTION 7.7. Resolution of Disputes; Governing Law 23 SECTION 7.8. Reconciliation Procedures 24 SECTION 7.9. Withholding 25 SECTION 7.10. Admission of the Corporation into a Consolidated Group; Transfers of Corporate Assets 25 SECTION 7.11. Confidentiality 26 SECTION 7.12. Change in Law 28 SECTION 7.13. Interest Rate Limitation 28 SECTION 7.14. Independent Nature of Rights and Obligations 29 Exhibit A - Form of Joinder Agreement This TAX RECEIVABLE AGREEMENT (this “Agreement”), dated as of [ 🌑 ], 2021, is hereby entered into by and among Beacon Street Group, Inc., a Delaware corporation (the “Corporation”), Beacon Street Group, LLC, a Delaware limited liability company (“Beacon Street”), and each of the Members (as defined herein) from time to time party hereto.
Tax Matters Consistency Cooperation. Participation in the Corporation’s and MarketWise’s Tax Matters 20 SECTION 6.2. Consistency 21 SECTION 6.3. Cooperation 21 SECTION 7.1. Notices 21 SECTION 7.2. Counterparts 22 SECTION 7.3. Entire Agreement; No Third-Party Beneficiaries 22 SECTION 7.4. Severability 22 SECTION 7.5. Assignments; Amendments; Successors; No Waiver 23 SECTION 7.6. Titles and Subtitles 24 SECTION 7.7. Resolution of Disputes; Governing Law 24 SECTION 7.8. Reconciliation Procedures 25 SECTION 7.9. Withholding 26
Tax Matters Consistency Cooperation. Section 6.1 Participation in the Corporation’s and Amneal LLC’s Tax Matters. Except as otherwise provided herein, and except as provided in Section 9.03 of the LLC Agreement, the Corporation shall have full responsibility for, and sole discretion over, all tax matters concerning the Corporation and Amneal LLC, including without limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to taxes. Notwithstanding the foregoing, the Corporation shall notify the Members of, and keep them reasonably informed with respect to, the portion of any tax audit of the Corporation or Amneal LLC, or any of Amneal LLC’s subsidiaries, the outcome of which is reasonably expected to materially affect the Tax Benefit Payments payable to any Member under this Agreement, and the Member Representative, shall have the right to participate in and to monitor at its own expense (but, for the avoidance of doubt, not to control) any such portion of any such Tax audit; provided that the Corporation shall not settle or fail to contest any issue pertaining to Covered Taxes that is reasonably expected to materially adversely affect any Member’s rights or obligations under this Agreement (including the amount or timing of any payment made hereunder) without the prior written consent of the Member Representative. In addition to the foregoing, the Corporation shall not take any action outside the ordinary course of business (other than exercising its early termination right under Section 4.1(a)) a principal purpose of which is to minimize Tax Benefit Payments determined in accordance with this Agreement; provided, that for the avoidance of doubt, nothing in this sentence shall be construed to in any way limit or otherwise prohibit the Corporation from exercising its rights pursuant to this Agreement (including, for the avoidance of doubt, this Section 6.1).
Tax Matters Consistency Cooperation. Participation in the Corporation’s and Xxxx Holdings’ Tax Matters. Except as otherwise provided herein, and except as provided in Article IX of the LLC Agreement, the Corporation shall have full responsibility for, and sole discretion over, all tax matters concerning the Corporation and Xxxx Holdings, including without limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to taxes. Notwithstanding the foregoing, the Corporation shall notify the Members of, and keep them reasonably informed with respect to, the portion of any tax audit of the Corporation or Xxxx Holdings, or any of Xxxx Holdings’ Subsidiaries, the outcome of which is reasonably expected to materially affect the Tax Benefit Payments payable to such Members under this Agreement, and such Members shall have the right to participate in and to monitor at their own expense (but, for the avoidance of doubt, not to control) any such portion of any such Tax audit.
Tax Matters Consistency Cooperation. Participation in the Corporation’s and GoHealth Holdings’ Tax Matters 22 SECTION 6.2. Consistency 22 SECTION 6.3. Cooperation 22
Tax Matters Consistency Cooperation. SECTION 6.1. Participation in the Corporation’s and Milan LLC’s Tax Matters 21 SECTION 6.2. Consistency 21 SECTION 6.3. Cooperation 21
Tax Matters Consistency Cooperation. SECTION 6.1. Participation in the Corporation’s and SciPlay Parent’s Tax Matters. Except as otherwise provided herein or in Article IX of the Operating Agreement, the Corporation shall have full responsibility for, and sole discretion over, all tax matters concerning the Corporation or SciPlay Parent, including preparing, filing or amending any Tax Return and defending, contesting or settling any issue pertaining to taxes. Notwithstanding the foregoing, the Corporation shall notify the relevant Members of, and keep them reasonably informed with respect to, the portion of any audit by any Taxing Authority of the Corporation, SciPlay Parent or any of SciPlay Parent’s Subsidiaries, the outcome of which is reasonably expected to materially affect such Members’ rights and obligations under this Agreement, and any such Member shall have the right to participate in and to monitor at its own expense (but not to control) any such portion of any such audit; provided that the Corporation shall not settle or fail to contest any issue pertaining to Covered Taxes that is reasonably expected to materially affect any Member’s rights or obligations under this Agreement without the prior written consent of such Member, such consent not to be unreasonably withheld, conditioned or delayed.
Tax Matters Consistency Cooperation. Section 6.1 Participation in U.S.
Tax Matters Consistency Cooperation
