Common use of Carryovers Clause in Contracts

Carryovers. If Xxxxxxxx is required under the Code to allocate to the WPX Group or any of its members any carryovers of any losses, credits or other Tax Attributes to periods following the Spin Date, Xxxxxxxx shall not be entitled to reimbursement from WPX by reason of such carryover.

Appears in 5 contracts

Samples: Tax Sharing Agreement (Williams Companies Inc), Tax Sharing Agreement (WPX Energy, Inc.), Form of Tax Sharing Agreement (WPX Energy, Inc.)

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Carryovers. If Xxxxxxxx is required under the Code to allocate to the WPX Group or any of its members any carryovers of any losses, credits or other Tax Attributes to periods following the Spin DateExternal Spin, Xxxxxxxx shall not be entitled to reimbursement from WPX by reason of such carryover.

Appears in 2 contracts

Samples: Form of Tax Sharing Agreement (WPX Energy, Inc.), Form of Tax Sharing Agreement (WPX Energy, Inc.)

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