Common use of Allocation of Taxes for Combined Tax Returns Clause in Contracts

Allocation of Taxes for Combined Tax Returns. LMC shall be allocated all Taxes reported, or required to be reported, on any Combined Tax Return that any member of the Lockheed ▇▇▇▇▇▇ Group files or is required to file under the Code or other Applicable Tax Law; provided, however, that to the extent any such Combined Tax Return includes any Tax Item attributable to any member of the Spinco Group or the Spinco Business for any Post-Distribution Period, Spinco shall be allocated all Taxes attributable to such Tax Items, computed in a manner reasonably agreed by LMC and RMT Parent.

Appears in 2 contracts

Sources: Tax Matters Agreement, Tax Matters Agreement (Leidos Holdings, Inc.)