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

Allocation of Taxes Relating to Separate Returns. Except as otherwise provided herein: (i) Distributing shall pay and be responsible for any and all Taxes due with respect to or required to be reported on any Distributing Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods. (ii) SpinCo shall pay and be responsible for any and all Taxes due with respect to or required to be reported on any SpinCo Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods.

Appears in 3 contracts

Samples: Tax Matters Agreement (Crane Co), Tax Matters Agreement (Crane NXT, Co.), Tax Matters Agreement (Crane Co)

AutoNDA by SimpleDocs

Allocation of Taxes Relating to Separate Returns. Except as otherwise provided herein: (i) Distributing Spinco shall pay and be responsible for any and all Taxes due with respect to or required to be reported on any Distributing Spinco Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods. (ii) SpinCo WDC shall pay and be responsible for any and all Taxes due with respect to or required to be reported on any SpinCo WDC Separate Return (including any increase in such Taxes as a result of a Final Determination) for all Tax Periods.

Appears in 1 contract

Samples: Tax Matters Agreement (Sandisk Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!