Application to Present and Future Subsidiaries. This Agreement is being entered into by KAR and Spinco on behalf of themselves and the members of their respective Group. This Agreement shall constitute a direct obligation of each such Party and shall be deemed to have been readopted and affirmed on behalf of any entity that becomes a Subsidiary of KAR or Spinco in the future.
Appears in 4 contracts
Samples: Tax Matters Agreement (KAR Auction Services, Inc.), Tax Matters Agreement (IAA, Inc.), Tax Matters Agreement (IAA Spinco Inc.)