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Common use of Determination of Administering Party Clause in Contracts

Determination of Administering Party. (i) Subject to Sections 8.2(b) and 8.2(c), HLT and its Subsidiaries shall administer and control all Audits of Pre-Distribution Income Tax Returns.

Appears in 3 contracts

Sources: Tax Matters Agreement (Hilton Worldwide Holdings Inc.), Tax Matters Agreement (Hilton Grand Vacations Inc.), Tax Matters Agreement (Park Hotels & Resorts Inc.)

Related Clauses

  • Selection of Administrator
  • Independence of Administrator
  • COMPENSATION OF ADVISER
  • Authority to Administer Collateral
  • RESPONSIBILITY OF ADMINISTRATOR

Parent Clauses

  • Audits
  • Pre Distribution Audits
  • Timing of Payment of Taxes
  • Indemnification Obligations of Defense
  • Payments Net of Tax Benefit Actually Realized and Tax Cost

Sub-Clauses

  • Audits of PK Straddle Income Tax Returns, HGV Straddle Income Tax Returns, Post
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