Common use of Allocation of Structure Benefits Clause in Contracts

Allocation of Structure Benefits. (a) Structure Benefits shall be allocated as provided below. (i) The Company Group shall be entitled to 100% of Structure Benefits until the Company Group has been allocated Structure Benefits equal to the Structure Benefit Payment Cap (“Company Structure Benefits”). (ii) The Parent Group shall be entitled to retain any Structure Benefits that are not Company Structure Benefits.

Appears in 4 contracts

Samples: Tax Matters Agreement (Westinghouse Air Brake Technologies Corp), Tax Matters Agreement (Westinghouse Air Brake Technologies Corp), Tax Matters Agreement (Westinghouse Air Brake Technologies Corp)

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Allocation of Structure Benefits. (a) Structure Benefits shall be allocated as provided below. (i) The Company Group shall be entitled to 100% of Structure Benefits until the Company Group has been allocated Structure Benefits equal to the Base Company Structure Benefit Payment Cap Amount (“Company Structure Benefits”). (ii) The Parent Group shall be entitled to retain any Structure Benefits that are not Company Structure Benefits.

Appears in 1 contract

Samples: Tax Matters Agreement (Westinghouse Air Brake Technologies Corp)

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