Common use of Preparation of Joint Returns Clause in Contracts

Preparation of Joint Returns. In general, Autoliv shall be responsible for preparing and timely filing all Joint Returns. Notwithstanding the previous sentence, with respect to tax years ending on or before December 31, 2018, (i) Autoliv shall be responsible for (A) preparing all IRS Forms 5471 required to be filed with respect to any foreign Subsidiaries of Autoliv and (B) timely filing all IRS Forms 5471 required to be filed with respect to any foreign Subsidiaries of Autoliv (other than foreign Subsidiaries of Veoneer) and (ii) Veoneer shall be responsible for timely filing all IRS Forms 5471 required to be filed with respect to any foreign Subsidiaries of Veoneer.

Appears in 2 contracts

Sources: Tax Matters Agreement (Autoliv Inc), Tax Matters Agreement (Veoneer, Inc.)