Common use of CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS Clause in Contracts

CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS. (a) If GenCorp or any of its Affiliates (determined for this purpose as of immediately before the Distribution Date) is entitled to carry over any Tax Benefit from a Pre-Distribution Period to a Post-Distribution Period, and if the proper person to claim such Tax Benefit is a member of the OMNOVA Group, OMNOVA or such member shall, upon request of GenCorp and at GenCorp's expense, file any return or report reasonably requested by GenCorp in a manner that claims such Tax Benefit and shall pay the full amount of such Tax Benefit to GenCorp promptly upon receipt, provided (subject to Section 4.02(b) )) that such Tax Benefit does not result in any increase in the liability of any member of the OMNOVA Group for Taxes for any Tax Period.

Appears in 2 contracts

Samples: Tax Matters Agreement (Gencorp Inc), Tax Matters Agreement (Omnova Solutions Inc)

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CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS. (a) If GenCorp or any of its Affiliates (determined for this purpose as of immediately before the Distribution Date) is entitled to carry over any Tax Benefit from a Pre-Distribution Period to a Post-Distribution Period, and if the proper person to claim such Tax Benefit is a member of the OMNOVA Group, OMNOVA or such member shall, upon request of GenCorp and at GenCorp's expense, file any return or report reasonably requested by GenCorp in a manner that claims such Tax Benefit and shall pay the full amount of such Tax Benefit to GenCorp promptly upon receipt, provided (subject to Section 4.02(b) 4.03(b)) that such Tax Benefit does not result in any increase in the liability of any member of the OMNOVA Group for Taxes for any Tax Period.

Appears in 1 contract

Samples: Tax Matters Agreement (Omnova Solutions Inc)

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CARRYOVERS FROM PRE-DISTRIBUTION PERIODS TO POST-DISTRIBUTION PERIODS. (a) If GenCorp or any of its Affiliates (determined for this purpose as of immediately before the Distribution Date) is entitled to carry over any Tax Benefit from a Pre-Distribution Period to a Post-Distribution Period, and if the proper person to claim such Tax Benefit is a member of the OMNOVA Group, OMNOVA or such member shall, upon request of GenCorp and at GenCorp's expense, file any return or report reasonably requested by GenCorp in a manner that claims such Tax Benefit and shall pay the full amount of such Tax Benefit to GenCorp promptly upon receipt, provided (subject to Section 4.02(b) 4.03(b)) that such Tax Benefit does not result in any increase in the liability of any member of the OMNOVA Group for Taxes for any Tax Period.does

Appears in 1 contract

Samples: Tax Matters Agreement (Omnova Solutions Inc)

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