Common use of Allocation of Tax Relating to Separate Returns Clause in Contracts

Allocation of Tax Relating to Separate Returns. (i) Alkermes shall be responsible for any and all Taxes for (A) Complete Pre-Distribution Periods due with respect to or required to be reported on any Mural Separate Return and (B) all Tax Periods due with respect to or required to be reported on any Alkermes Separate Return (including, in each case, any increase in such Tax as a result of a Final Determination). (ii) Mural shall be responsible for any and all Taxes due with respect to or required to be reported on any Mural Separate Return for (A) Pre-Distribution Periods (other than Complete Pre-Distribution Periods) and (B) Post-Distribution Periods (including, in each case, any increase in such Tax as a result of a Final Determination).

Appears in 3 contracts

Sources: Tax Matters Agreement (Alkermes Plc.), Tax Matters Agreement (Mural Oncology PLC), Tax Matters Agreement (Mural Oncology PLC)