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

Allocation of State Income Tax and State Other Tax Relating to Separate Returns. (i) Subject to Sections 2.3(b)(iii) and 2.3(b)(iv), ParentCo shall be responsible for any and all State Income Taxes or State Other Taxes due with respect to, or required to be reported on, any ParentCo Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods.

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 Separate Returns. (i) Subject to Sections 2.3(b)(iii) and 2.3(b)(iv), ParentCo shall be responsible for any and all State Income Taxes or State Other Taxes due with respect to, or required to be reported on, any ParentCo Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods.

Appears in 2 contracts

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

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