Common use of Basket One Amount Clause in Contracts

Basket One Amount. For each taxable year of HoldCo ending on or before January 1, 2025, the Basket One Amount shall equal the Basket One Tax Rate multiplied by the Basket One Deductions for such taxable year. For each taxable year ending on or after January 1, 2025, the Basket One Amount, and the Basket One Deductions, shall be $0.00.

Appears in 5 contracts

Samples: Tax Matters Agreement (Marathon Oil Corp), Tax Matters Agreement (Marathon Oil Corp), Tax Matters Agreement (Ashland Inc)

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