CONTINUING COVENANTS. Each Party agrees (i) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any other Party and (ii) to take any action reasonably requested by any other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.
Appears in 24 contracts
Samples: Tax Sharing Agreement (Viper Energy, Inc.), Tax Sharing Agreement (Rattler Midstream Lp), Tax Sharing Agreement (Rattler Midstream Lp)
CONTINUING COVENANTS. Each Party agrees (i1) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any other Party and (ii2) to take any action reasonably requested by any other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.
Appears in 8 contracts
Samples: Tax Sharing Agreement, Tax Sharing Agreement (Valero Energy Partners Lp), Tax Sharing Agreement (Valero Energy Partners Lp)
CONTINUING COVENANTS. Each Party agrees (i1) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any the other Party and (ii2) to take any action reasonably requested by any the other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.
Appears in 6 contracts
Samples: Tax Sharing Agreement, Tax Sharing Agreement (Cheniere Energy Partners LP Holdings, LLC), Tax Sharing Agreement (Cheniere Energy Partners LP Holdings, LLC)
CONTINUING COVENANTS. Each Party agrees (ia) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any other Party and (iib) to take any action reasonably requested by any other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.
Appears in 3 contracts
Samples: Tax Sharing Agreement, Tax Sharing Agreement (Memorial Production Partners LP), Tax Sharing Agreement (Memorial Production Partners LP)
