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) Manitowoc 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 Manitowoc ParentCo Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods. (ii) SpinCo 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 SpinCo Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax Periods.

Appears in 3 contracts

Samples: Tax Matters Agreement (Manitowoc Foodservice, Inc.), Tax Matters Agreement (Manitowoc Co Inc), Tax Matters Agreement (Manitowoc Foodservice, Inc.)

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