Virgin Participation in the Corporation Tax Matters. Except as otherwise provided herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation including without limitation the preparation, filing or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes, subject to a requirement that the Corporation act in good faith in connection with its control of any matter which is reasonably expected to affect Virgin’s rights and obligations under this Agreement. Notwithstanding the foregoing, the Corporation shall notify Virgin of, and keep Virgin reasonably informed with respect to, the portion of any audit of the Corporation by a Taxing Authority the outcome of which is reasonably expected to affect Virgin’s rights and obligations under this Agreement, and shall give Virgin reasonable opportunity to provide information and participate in the applicable portion of such audit.
Appears in 4 contracts
Samples: Tax Receivable Agreement, Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.)
