Common use of Consolidated Return Clause in Contracts

Consolidated Return. The Acquiror shall file a consolidated U.S. federal income Tax Return for the affiliated group (within the meaning of Code Section 1504) that will include the Company and its Subsidiaries for periods starting after the Closing Date. The parties hereto acknowledge and agree that, as a consequence of the transactions contemplated hereby, (i) the taxable year of the Company shall close for U.S. federal income tax purposes at the end of the day on the Closing Date, (ii) to the extent applicable Law in other taxing jurisdictions so permits, the taxable year of the Company shall close at the end of the day on the Closing Date, and (iii) all federal, state, provincial, local and foreign Tax Returns shall be filed consistently on the foregoing basis.

Consolidated Return. The Acquiror Parent shall file a consolidated U.S. federal income Tax Return tax return for the affiliated group (within the meaning of Code Section 1504) that will include the Company Surviving Corporation and its Subsidiaries subsidiaries for periods starting after the Closing Date. The parties hereto acknowledge and agree that, as a consequence of the transactions contemplated hereby, (i) the taxable year of the Company shall close for U.S. federal income tax purposes at the end of the day on the Closing Date, (ii) to the extent applicable Law law in other taxing jurisdictions so permits, the taxable year of the Company shall close at the end of the day on the Closing Date, Date and (iii) all federal, state, provincial, local and foreign Tax Returns shall be filed consistently on the foregoing basis.