Carryovers or Carrybacks of Tax Benefits. If any Tax Item allocable to the Controlled Business in a Tax Year is carried forward or back and utilized as a Tax Benefit in another Tax Year, then, except as provided in Section 2.2(g), the resulting Tax Benefit shall be allocated to Controlled. If any Tax Item allocable to the Distributing Business in a Tax Year is carried forward or back and utilized as a Tax Benefit in another Tax Year, the resulting Tax Benefit shall be allocated to Distributing.
Appears in 4 contracts
Samples: Tax Sharing Agreement (Liberty Media Corp), Tax Sharing Agreement (Liberty Splitco, Inc.), Tax Sharing Agreement (Liberty Splitco, Inc.)
