Allocation of Taxes for Joint Returns. Company shall be responsible for all Taxes reported, or required to be reported, on any Joint Return that any member of the Company Group 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 the operations or assets of any member of the BTC Group for any Post-Distribution Tax Period, BTC shall be responsible for all Taxes attributable to such Tax Items.
Appears in 2 contracts
Sources: Merger Agreement (Prologis, L.P.), Merger Agreement (Industrial Property Trust Inc.)