Common use of Allocation of State Income Tax and State Other Tax Relating to Joint Returns Clause in Contracts

Allocation of State Income Tax and State Other Tax Relating to Joint Returns. (i) Subject to Sections 2.3(a)(ii)-2.3(a)(ix), ParentCo shall be responsible for any and all State Income Taxes or State Other Taxes that are due with respect to, or required to be reported on, any Joint Return and that are allocable to Pre-Distribution Periods (including any increase in such Taxes as a result of a Final Determination).

Appears in 2 contracts

Samples: Tax Matters Agreement (nVent Electric PLC), Tax Matters Agreement (PENTAIR PLC)

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Allocation of State Income Tax and State Other Tax Relating to Joint Returns. (i) Subject to Sections 2.3(a)(ii)-2.3(a)(ix2.3(a)(ii)-2.3(a)(v), ParentCo shall be responsible for any and all State Income Taxes or State Other Taxes that are due with respect to, or required to be reported on, any Joint Return and that are allocable to Pre-Distribution Periods (including any increase in such Taxes as a result of a Final Determination).

Appears in 2 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (nVent Electric PLC)

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