Taxation Computations Sample Clauses
Taxation Computations. 7.1 Subject to complying with the provisions of paragraphs 7.2 and 7.3 below, the Seller or its duly authorised agents shall have the right, at the cost and expense of the Seller, to prepare the corporation tax returns of the Company for all accounting periods, ending on or prior to Completion to the extent that the same shall not have been prepared before the date hereof. The Seller or its duly authorised agents shall have the right, at the cost and expense of the Seller, to prepare all documentation and deal with all matters (including correspondence) relating to the corporation tax returns of the Company for all accounting periods ending on or prior to Completion.
7.2 The Seller's rights under paragraph 7.1 are subject to the Seller informing the Buyer and the Company of its intention to exercise such rights prior to Completion.
7.3 In the event that the Seller exercises its rights under paragraph 7.1 the Seller shall:
(a) keep the Buyer and its duly authorised agents and the Company informed of all material matters relating to the submission, negotiation and agreement of such corporation tax returns and computations;
(b) ensure that no such computations or returns nor any correspondence pertaining to the negotiations or agreement of such computations or returns which it proposes to send shall be transmitted to any Taxation Authority without first being submitted to the Buyer and the Company or their duly authorised agents for their comments and for the Buyer's approval and shall only finally be submitted or transmitted on the receipt of the written approval of the Buyer or its duly authorised agent, such approval not to be unreasonably withheld or delayed.
7.4 The Buyer shall procure that the Company shall cause the returns mentioned in paragraph 7.3 (and all claims, elections, disclaimers, surrenders and consents assumed to be made or given therein) to be authorised, signed and submitted to the appropriate Taxation Authority and generally do all such things as may be necessary to give effect to such returns, claims, elections, disclaimers, surrenders or consents provided that neither the Buyer nor the Company can be required to do anything which is illegal or unlawful or which does not accord with standard accounting practice.
7.5 The Buyer shall (if requested in writing by the Seller) procure that the Company promptly makes or gives such returns, claims, elections, disclaimers, surrenders and consents in relation to Taxation which it was assumed woul...
Taxation Computations. 8.1 Subject to complying with the provisions of paragraph 8.2 below, the Seller or its duly authorised agents shall, at the cost and expense of the Company:
Taxation Computations. 5.1 Subject to complying with the provisions of paragraph 5.2 below, CK Witco or its duly authorised agents shall have the right and obligation, at the cost and expense of CK Witco and including the cost of time of the management of Yorkshire or the Company which shall be deemed to have been incurred or suffered for the purposes of this paragraph 5, to prepare the Taxation returns and computations of each Company for all accounting periods or other periods in respect of which the Company is required to make a return or payment of Taxation to a Taxation Authority (other than a payment on account of or as an instalment of any Taxation for or in respect of a period ending after Closing) ending on or prior to Closing (each a "Relevant Period") to the extent that the same shall not have been prepared before Closing (each such Taxation return or computation is referred to in this paragraph 5 as a "Relevant Return"). CK Witco or its duly authorised agents shall (subject to paragraph 4 which shall override all of the provisions of this paragraph 5 in the event of any conflict between the provisions of this paragraph 5 and paragraph 4) have the right, at the cost and expense of CK Witco, to prepare all documentation and deal with all matters (including correspondence and the utilisation of any Pre-Closing Relief against any Taxation Liability in respect of which it would otherwise be liable under this Schedule but excluding the use of any Post-Closing Relief) relating to any Relevant Return to the extent that the same have not been prepared or dealt with prior to Closing.
Taxation Computations. 8.1 Seller to deal with pre-Completion compliance
(a) prepare and submit the corporation tax returns of the Company for all accounting periods of the Company ended on or prior to Completion, to the extent the same shall not have been prepared and/or submitted before the date hereof;
(b) (subject to paragraph 12 (Group arrangements)) prepare and submit all claims, elections, notices, disclaimers, consents and/or surrenders assumed in preparing the returns referred to in (a); and
(c) deal with all matters (including correspondence and negotiations) relating to the returns of the Company referred to in (a).
Taxation Computations. 7.1 Subject to complying with the provisions of paragraph 7.2 below, the Sellers or their duly authorised agents shall, at the cost and expense of the Company (up to the amount provided for the same in the Accounts with any excess at the expense of the Relevant Seller, save where such excess cost arises as result of any failure by the Buyer or the Company after Completion to comply with their obligations under this paragraph 7):
(a) prepare the corporation tax (or income tax in Singapore) returns and/or the trade tax on income returns of the Company for all accounting periods ending on or prior to the 31 March 2005 (the RELEVANT RETURNS) to the extent that the same shall not have been prepared before the date hereof; and
(b) prepare all documentation and deal with all matters (including correspondence) relating to the Relevant Returns.
Taxation Computations. 11.1 Subject to complying with the provisions of clause 11.2 below, the Covenantor or its duly authorised agents shall have the right, at the cost and expense of the relevant Group Company, to prepare the corporation tax returns of each Group Company for all accounting periods ending on or prior to the Balance Sheet Date to the extent that the same shall not have been prepared before the date hereof. The Covenantor or its duly authorised agents shall have the right, at the cost and expense of the Company, to prepare all documentation and deal with all matters (including correspondence) relating to the corporation tax returns of the Company for all accounting periods ending on or prior to the Balance Sheet Date.