Allocation of Taxes for Joint Returns. PDL shall be responsible for all Taxes reported, or required to be reported, on any Joint Return that any PDL Entity files or is required to file under the Code or other applicable Tax Law; provided, however, that to the extent any such Joint Return includes any Tax Item attributable to any LENSAR Entity or to the LENSAR Business for any Post-Distribution Period, LENSAR shall be responsible for all Taxes attributable to such Tax Items, computed in a manner reasonably determined by PDL.
Appears in 3 contracts
Sources: Tax Matters Agreement (LENSAR, Inc.), Tax Matters Agreement (LENSAR, Inc.), Tax Matters Agreement (PDL Biopharma, Inc.)