Common use of WPX Pro Forma Returns Clause in Contracts

WPX Pro Forma Returns. (a) For each Tax period with respect to which a Consolidated Return has not been filed and until the WPX Group ceases to be part of a Consolidated Return, Xxxxxxxx shall prepare a pro forma federal income Tax Return for the WPX Group (a “WPX Pro Forma Consolidated Return”), based on the assumption that WPX is the common parent of the WPX Group. For each Tax period for which a Combined Return has not been filed and until the WPX Group ceases to be a part of such Combined Return, Xxxxxxxx shall prepare a pro forma combined Tax Return for the WPX Group for the jurisdiction in which such Combined Return is filed (a “WPX Pro Forma Combined Return”) based on the assumption that WPX is not a subsidiary of Xxxxxxxx. At the discretion of WPX, WPX may assist in the preparation of the WPX Pro Forma Returns as may be requested by Xxxxxxxx. The methods and processes described in Sections 2.3(b), 2.3(c), and 2.3(d) below shall be followed in the preparation of the WPX Pro Forma Returns. In addition, Xxxxxxxx may from time to time establish any other special procedures that Xxxxxxxx may in its sole discretion deem necessary or appropriate to carry out the purposes of this Agreement.

Appears in 5 contracts

Samples: Tax Sharing Agreement (Williams Companies Inc), Tax Sharing Agreement (WPX Energy, Inc.), Form of Tax Sharing Agreement (WPX Energy, Inc.)

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