Common use of Information with Respect to Joint Returns Clause in Contracts

Information with Respect to Joint Returns. At the written request of BHI, ▇. ▇▇▇ U.S. shall provide BHI with all information in its possession, or in the possession of its Group (as of the time in the immediately following sentence), that is reasonably necessary for BHI to properly and timely file all Joint Returns. ▇. ▇▇▇ U.S. shall provide such information no later than 30 Business Days prior to the extended due date of such Joint Return. If ▇. ▇▇▇ U.S. or its Group is in possession of information and ▇. ▇▇▇ U.S. fails to provide such information within the time period described in this Section 3.1(b)(i) and in the form reasonably requested by BHI to permit the timely filing of any Joint Return, then, notwithstanding any other provision of this Agreement, ▇. ▇▇▇ U.S. shall be liable for, and shall indemnify and hold harmless each member of the B&W Group from and against, any penalties, interest or other payment obligation assessed against any member of either Group by reason of any resulting delay in filing such return. If ▇. ▇▇▇ U.S. provides information within the time period described in this Section 3.1(b)(i) in the form reasonably requested by BHI to permit the timely filing of a Joint Return, then, notwithstanding any other provision of this Agreement, BHI shall be liable for, and shall indemnify and hold harmless each member of the ▇. ▇▇▇ Group from and against, any penalties, interest or other payment obligation assessed against any member of either Group by reason of any delay in filing such return.

Appears in 2 contracts

Sources: Tax Sharing Agreement (Babcock & Wilcox Co), Tax Sharing Agreement (Babcock & Wilcox Co)