Common use of Cooperation and Records Retention Clause in Contracts

Cooperation and Records Retention. Buyer, Seller and the --------------------------------- Companies shall (i) each provide the others with such assistance as may reasonably be requested by any of them in connection with the preparation of any return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the others with any records or other information that may be reasonably requested in connection with such return, audit or examination, proceeding or determination, and (iii) each provide the others with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return of the others for any period. Without limiting the generality of the foregoing, Buyer and Seller shall each retain, until the applicable statutes of limitations have expired, copies of all Company tax returns, supporting work schedules, and other records or information that may be relevant to such returns for all tax periods or portions thereof ending on or before January 1, 1999 and shall not destroy or otherwise dispose of any such records without first providing the others with a reasonable opportunity to review and copy the same.

Cooperation and Records Retention. Buyer, Seller and the --------------------------------- Companies Buyer shall (i) each -- --------------------------------- provide the others other with such assistance as may reasonably be requested by any of them in connection with the preparation of any tax return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the others other with any records or other information that may be reasonably requested in connection with relevant to such return, audit or examination, proceeding or determination, and (iii) each provide the others other with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return of the others other for any period. Without limiting the generality of the foregoing, Buyer and Seller shall each retain, until the applicable statutes of limitations (including any extensions) have expired, copies of all Company tax returns, supporting work schedules, and other records or information that may be relevant to such returns for all tax periods or portions thereof ending on or before January 1, 1999 the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the others other party with a reasonable opportunity to review and copy the same.

Cooperation and Records Retention. Buyer, The Seller Parties and the --------------------------------- Companies Buyer Parties shall (i) each provide the others other with such assistance as may reasonably be requested by any of them in connection with the preparation of any return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability Liability for Taxes, (ii) each retain and provide the others other with any records or other information that may be reasonably requested in connection with relevant to such return, audit or examination, proceeding or determination, and (iii) each provide the others other with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return of the others other for any period. Without limiting the generality of the foregoing, the Seller Parties and the Buyer and Seller Parties shall each retain, until the applicable statutes of limitations (including any extensions) have expired, copies of all Company tax returns, supporting work schedules, and other records or information that may be relevant to such returns for all tax periods or portions thereof ending on or before January 1, 1999 the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the others other Parties with a reasonable opportunity to review and copy the same.

Cooperation and Records Retention. Buyer, The Seller and the --------------------------------- Companies Buyer shall (i) each provide the others other with such assistance as may reasonably be requested by any of them in connection with the preparation of any returnTax Return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the others other with any records or other information that may be reasonably requested in connection with relevant to such returnTax Return, audit or examination, proceeding proceeding, or determination, and (iii) each provide the others other with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return Tax Return of the others other or the Company for any period. Without limiting the generality of the foregoing, Buyer and Seller the Company shall each retain, until the applicable statutes of limitations (including any extensions) have expired, copies of all Company tax returnsTax Returns, supporting work schedules, and other records or information that may be relevant to such returns for all tax Tax periods or portions thereof ending on before or before January 1, 1999 including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the others Buyer with a reasonable opportunity to review and copy the same. Each party shall bear its own expenses in complying with the foregoing provisions.

Cooperation and Records Retention. Buyer, Seller Parties and the --------------------------------- Companies Buyer shall (ia) each provide the others other with such assistance as may reasonably be requested by any of them the other in connection with the preparation of any returnTax Returns, audit, or in connection with any audit or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (iib) each retain and provide the others other, with any records or other information that which may be reasonably requested in connection with relevant to any such returnTax Return, audit or examination, proceeding or determination, and (iiic) each provide the others other with any final determination of any such audit or examination, proceeding, proceeding or determination that affects any amount required to be shown on any tax return Tax Return of the others other for any period. Without limiting the generality of the foregoing, Seller Parties and Buyer and Seller shall each use reasonable efforts to retain, until the applicable statutes statute of limitations have (including any extensions) has expired, copies of all Company tax returnsTax Returns, supporting work schedules, schedules and other records or information that which may be relevant to such returns Tax Returns for all tax periods or portions thereof ending on before or before January 1, 1999 including the Closing and shall not destroy or otherwise dispose of any such records without first providing the others other party with a reasonable opportunity to review and copy the same.

Cooperation and Records Retention. BuyerSeller, Seller Buyer and the --------------------------------- Companies Wavetech shall (i) each provide the others other with such assistance as may reasonably be requested by any of them in connection with the preparation of any return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the others other with any records or other information that may be reasonably requested in connection with relevant to such return, audit or examination, proceeding or determination, and (iii) each provide the others other with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return of the others other for any period. Without limiting the generality of the foregoing, Buyer Buyer, Seller and Seller Wavetech shall each retain, until the applicable statutes of limitations (including any extensions) have expired, copies of all Company tax returns, supporting work schedules, and other records or information that may be relevant to such returns for all tax periods or portions thereof ending on or before January 1, 1999 the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the others other party with a reasonable opportunity to review and copy the same.

Cooperation and Records Retention. BuyerSeller, Seller the Shareholders and the --------------------------------- Companies Buyer shall (i) each provide the others with such assistance as may reasonably be requested by any of them in connection with the preparation of any returnTax Return, audit, or other examination by any taxing authority or judicial or administrative proceedings relating to liability Liability for Taxes, (ii) each retain and provide the others with any records or other information that may be reasonably requested in connection with relevant 54 to such returnTax Return, audit or examination, proceeding or determination, and (iii) each provide the others with any final determination of any such audit or examination, proceeding, or determination that affects any amount required to be shown on any tax return Tax Return of the others other for any period. Without limiting the generality of the foregoing, Seller, the Shareholders and Buyer and Seller shall each retain, until the applicable statutes of limitations (including any extensions) have expired, copies of all Company tax returnsTax Returns, supporting work schedules, and other records or information that may be relevant to such returns Tax Returns for all tax periods or portions thereof ending on or before January 1, 1999 the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the others other party with a reasonable opportunity to review and copy the same.