Tax Practices definition

Tax Practices means the policies, procedures and practices customarily and consistently employed by the Pre-Spin Group in the preparation and filing of, and positions taken on, any Tax Returns of the Parent Affiliated Group or any Pre-Spin Member (or group thereof) for any Pre-Distribution Tax Period.

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Tax Practices has the meaning set forth in Section 2.01 of this Agreement.

Tax Practices means the most recently applied policies, procedures and practices employed by the Pre-Distribution Group in the preparation and filing of, and positions taken on, any Tax Returns of Company or any Pre-Distribution Member for any Pre-Distribution Taxable Period.

Examples of Tax Practices in a sentence

Each party shall cooperate and assist the other party in the preparation and filing of all Tax and Information Returns subject to Section 2(a) and submit to the other party (i) all necessary filing information in a manner consistent with past Tax Practices and (ii) all other information reasonably requested by the other party in connection with the preparation of such Tax and Information Returns promptly after such request.
The Responsible Party shall prepare all Tax Returns (a) for all Pre-Distribution Tax Periods and Straddle Periods in a manner consistent with past Tax Practices and (b) in a manner consistent with the ▇▇▇▇▇▇ Opinion, except in either case as otherwise required by changes in applicable law or material underlying facts or as consented by the parties hereto in writing, which consent shall not be unreasonably withheld.
In the absence of PKS approval and/or a controlling change in law or circumstance, all Income Tax Returns relating to a taxable period ending on or before (or including) the Distribution Date shall be prepared in a manner that is consistent with elections, accounting methods, conventions and principles of taxation (collectively the "Tax Practices") used for the most recent taxable periods for which Income Tax Returns involving similar items have been filed.
Any payment described in clause (i) and any demand for payment described in clause (ii) shall be accompanied by a calculation consistent with past Tax Practices setting forth the basis for the amount paid or demanded.
All decisions relating to the preparation of Tax Returns under Section 2.02 (including whether items are reported consistent with past Tax Practices) shall be made in the reasonable discretion of CFI.

More Definitions of Tax Practices

Tax Practices the most recently applied policies, procedures and practices employed by the Pre-Spin-off Group in the preparation and filing of, and positions taken on, any Tax Returns of Getty or any Pre-Spin-off Member or Pre-Spin-off Affiliate for any Pre-Closing Taxable Period. "Tax Return(s)" -- with respect to any corporation or Affiliated Group, all returns, reports, estimates, information statements, declarations and other filings relating to, or required to be filed in connection with, the payments or refund of any Tax for any Taxable Period.

Tax Practices the most recently applied policies, procedures and practices employed by the Allergan Group in the preparation and filing of, and positions taken on, any Tax Returns of Allergan or any Pre-Distribution Member or Allergan Affiliate for any Pre-Closing Taxable Period.

Tax Practices the most recently applied policies, procedures and practices employed by the Stac Pre-Spin-Off Group in the preparation and filing of, and positions taken on, any Tax Returns of the Company or any Company Affiliate for any Pre-Closing Taxable Period.

Tax Practices the most recently applied policies, procedures and practices employed by the Hilton Group in the preparation and filing of, and positions taken on, any Tax Returns of Hilton or any Pre-Distribution Member or Hilton Affiliate for any Pre-Closing Taxable Period.

Tax Practices means the most recently applied policies, procedures and practices employed by Holding in the preparation and filing of, and positions taken on, any Tax Returns of Holding for any Preclosing Taxable Period.

Tax Practices means the past practices, elections, accounting methods, conventions, and principles of taxation used by Gaiam or its Controlled Affiliates for the most recent taxable period ending on or before December 31, 2006 for which Gaiam or its Controlled Affiliates has filed Tax Returns involving similar items.

Tax Practices the most recently applied policies, procedures and practices employed by CLJ or the Pre-Closing Group in the preparation and filing of, and positions taken on, any Tax Returns of CLJ or any Pre-Closing Member or Pre-Closing Affiliate for any Pre-Closing Taxable Period. "Tax Return(s)" -- all returns, reports, estimates, information statements, declarations and other filings relating to, or required to be filed with a Taxing Authority in connection with, the payments or refund of any Tax for any Taxable Period.