Common use of Allocation of Taxes for Separate Returns Clause in Contracts

Allocation of Taxes for Separate Returns. (i) HHH shall be responsible for all Taxes reported, or required to be reported, on (A) a Seaport Entertainment Separate Return with respect to a Pre-Distribution Period or (B) an HHH Separate Return. (ii) Except as otherwise provided in Section 2.2(b)(i) of this Agreement, Seaport Entertainment shall be responsible for all Taxes reported, or required to be reported, on a Seaport Entertainment Separate Return.

Appears in 3 contracts

Sources: Tax Matters Agreement (Howard Hughes Holdings Inc.), Tax Matters Agreement (Seaport Entertainment Group Inc.), Tax Matters Agreement (Seaport Entertainment Group Inc.)