Examples of Designated RJRN Affiliate in a sentence
Holdings, Nabisco and the Designated RJRN Affiliate shall promptly advise one another with respect to any proposed Tax adjustments, relating to a Consolidated Group, that are the subject of a Tax Proceeding or other litigation, investigation or action and that may materially affect any Tax liability or Tax attribute of the other parties to this Agreement.
In its sole and absolute discretion, Holdings may determine that the RJRN Tax Group shall be required to conduct such Tax Proceedings following the provision by Holdings of not less than 180 days' notice to the Designated RJRN Affiliate to such effect.
Holdings, Nabisco and the Designated RJRN Affiliate shall keep one another fully informed with respect to any material developments relating to the matters subject to this Agreement.
If and to the extent that any claim for refund or contest relating to amounts paid under Section 3.07(a) shall be unsuccessful, any payment made by Nabisco or the Designated RJRN Affiliate under Section 3.07(a) shall be credited toward any payment obligations of Nabisco or the RJRN Tax Group, respectively, under Article 3.
No later than two Business Days prior to the Federal Tax Payment Date or the Combined State Tax Payment Date, as the case may be, the Designated RJRN Affiliate shall pay to Holdings the amount thus determined.
The Designated RJRN Affiliate shall not be permitted to invoke the dispute resolution procedures in Section 11.02 until it shall have paid the amounts reflected on such determination, as adjusted by Holdings.
Within a reasonable period of time (as determined by Holdings) following the Distribution, Holdings shall deliver to each of the Designated RJRN Affiliate and Nabisco a copy of such Federal Tax and Combined State Tax information on the International Tobacco Sale and other tax matters as is reasonably necessary for the preparation by the RJRN Tax Group of Pro Forma Returns pursuant to Section 3.04(a).
No later than five Business Days prior to the date planned for a remittance under this Section 3.07(a), Holdings shall notify Nabisco and the Designated RJRN Affiliate of (i) such planned date, and (ii) their respective appropriate shares of such remittance.
If, with respect to any Pre-1990 Period, Holdings or any member of the Nabisco Tax Group Effectively Realizes the benefit of a refund of any statutory interest or any Federal Tax or State Tax, Holdings or Nabisco, respectively, shall promptly remit to the Designated RJRN Affiliate the amount of such refund (net of any taxes on the taxable portion, if any, of such refund for which Holdings or the Nabisco Tax Group, respectively, is liable), together with any interest received thereon.
Any adjustment made by Holdings under this Section 3.02(b) shall be treated for the purposes of Section 3.02(a) as though it had always been reflected in the determination made by the Designated RJRN Affiliate.