Common use of Carryforwards to Separate Tax Returns Clause in Contracts

Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 6, and is carried forward to a SpinCo Separate Tax Return, any Tax Benefits arising from such carryforward shall be retained by the Acquiror Group. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 6, and is carried forward to a Parent Separate Tax Return, any Tax Benefits arising from such carryforward shall be retained by the Parent Group.

Appears in 10 contracts

Samples: Tax Matters Agreement (Change Healthcare Inc.), Tax Matters Agreement (McKesson Corp), Tax Matters Agreement (McKesson Corp)

AutoNDA by SimpleDocs

Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 65, and is carried forward or back to a SpinCo Separate Tax Return, any Tax Benefits arising from such carryforward shall be retained by the Acquiror LW Group. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 65, and is carried forward or back to a Parent ConAgra Separate Tax Return, any Tax Benefits arising from such carryforward or carryback shall be retained by the Parent ConAgra Group.

Appears in 2 contracts

Samples: Tax Matters Agreement (Conagra Brands Inc.), Tax Matters Agreement (Lamb Weston Holdings, Inc.)

AutoNDA by SimpleDocs

Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 6, 5 and is carried forward to a SpinCo Separate Tax Return, any Tax Benefits benefits arising from such carryforward shall be retained by the Acquiror SpinCo Group. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 65, and is carried forward to a Parent Separate Tax Return, any Tax Benefits benefits arising from such carryforward shall be retained by the Parent Group.

Appears in 2 contracts

Samples: Tax Matters Agreement (Bausch Health Companies Inc.), Tax Matters Agreement (Bausch & Lomb Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.