Combined Tax definition
Examples of Combined Tax in a sentence
Seller shall prepare and file (or cause to be prepared and filed) (i) all Combined Tax Returns and (ii) all other Tax Returns required to be filed by or with respect to the Transferred Assets, Assumed Liabilities and the Business prior to the Closing Date (other than Tax Returns with respect to Transfer Taxes pursuant to Section 5.5 and Value Added Taxes pursuant to Section 5.5).
Seller or its applicable Affiliates (or 3M or its applicable Affiliates) will control any Tax Contest involving a Combined Tax Return or any Tax Content that is otherwise controlled by 3M or its Affiliates under the Tax Matters Agreement.
With respect to any Tax Claim that does not relate to a Combined Tax, Purchaser shall have the right to control such Tax Claim and, if such Tax Claim could reasonably be expected to result in a Liability for the Seller and/or any of its Affiliates (excluding the Acquired Companies) for Taxes (including as a result of Sections 3.10(g) or 6.2(a)(C) below), Purchaser shall keep Seller reasonably informed about the status of such Tax Claim.