Allocation Statement. Within thirty (30) days after the Closing Date, the Parties shall cooperate in good faith to prepare and agree to a statement reflecting the valuation of all of the assets of Remora Holdings in accordance with the principles of Sections 1060 and 755 of the Code, as applicable (the “Tax Allocation”). The Parties agree to be bound by any Tax Allocation, if agreed, and act in accordance with the Tax Allocation, if agreed.
Appears in 2 contracts
Sources: Contribution, Conveyance, Assignment and Assumption Agreement (Remora Royalties, Inc.), Contribution, Conveyance, Assignment and Assumption Agreement (Remora Royalties, Inc.)