Common use of Termination of Taxable Years Clause in Contracts

Termination of Taxable Years. For Federal Income Tax purposes, the Taxable Year of each member of the New U S WEST Group (including the Contributed Subsidiaries and the Contributed Media Group Subsidiaries) shall end as of the close of the Separation Date. New U S WEST and U S WEST shall, unless prohibited by applicable law, take all action necessary or appropriate to close the taxable period of each member of the New U S WEST Group for all Tax purposes as of the close of the Separation Date.