Common use of Allocation of Tax Relating to Separate Returns Clause in Contracts

Allocation of Tax Relating to Separate Returns. (i) Valero shall be responsible for any and all Foreign Income Taxes due with respect to or required to be reported on any Valero Separate Return, including Foreign Income Tax of Valero or any member of the Valero Group imposed by way of withholding by a member of the Corner Store Group (and including any increase in such Foreign Income Tax as a result of a Final Determination); (ii) Corner Store shall be responsible for any and all Foreign Income Taxes due with respect to or required to be reported on any Corner Store Separate Return, including Foreign Income Tax of Corner Store or any member of the Corner Store Group imposed by way of withholding by a member of the Valero Group (and including any increase in such Foreign Income Tax as a result of a Final Determination).

Appears in 4 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (CST Brands, Inc.), Tax Matters Agreement (CST Brands, Inc.)

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