Common use of Buyer Tax Covenants Clause in Contracts

Buyer Tax Covenants. (a) Buyer covenants that it will not cause or permit the Transferred Entities, any Subsidiary or any Affiliate of Buyer to take any action on the Closing Date other than in the ordinary course of business, including but not limited to the distribution of any dividend or the effectuation of any redemption that could give rise to any Tax liability or reduce any Tax asset of the Seller Group or give rise to any loss of the Seller or the Seller Group under this Agreement.

Buyer Tax Covenants. (a) Buyer covenants that that, without Seller’s consent, it will not cause or permit the Transferred Entities, any Subsidiary Company or any Affiliate of Buyer to take any action on the Closing Date Date, other than in the ordinary course of business, including but not limited to the distribution of any dividend or the effectuation of any redemption that could would give rise to any Tax liability or reduce any Tax asset Asset of the Seller Group or give rise to any loss Loss of the Seller or the Seller Group under this Agreement.

Buyer Tax Covenants. (a) Buyer covenants that it will not cause or permit the Transferred EntitiesGroup Companies, any Subsidiary or any Affiliate of Buyer to take any action on the Closing Date other than in the ordinary course Ordinary Course of businessBusiness, including but not limited to the distribution of any dividend or the effectuation of any redemption redemption, that could give rise to any Tax liability or reduce any Tax asset of the Seller Group and its Affiliates or give rise to any loss Loss of the Seller or the Seller Group its Affiliates under this Agreement.