Controlled Covenants. Controlled covenants to Distributing that no Controlled Affiliate will take any action or fail to take any action, which action or failure to act would cause the Contribution or the Distribution to fail to qualify as tax-free under Code sections 355, 361 and 368(a)(1)(D) or any corresponding provision of state or local law. Without limiting the foregoing, Controlled covenants to Distributing that:
Appears in 3 contracts
Samples: Tax Sharing and Indemnification Agreement (Chaparral Steel CO), Tax Sharing and Indemnification Agreement (Texas Industries Inc), Tax Sharing and Indemnification Agreement (Chaparral Steel CO)
Controlled Covenants. Controlled covenants to Distributing that no Controlled Affiliate will take any action or fail to take any action, which action or failure to act would cause the Contribution or the Distribution to fail to qualify as tax-free under Code sections 355, 361 and 368(a)(1)(D) of the Code or any corresponding provision of state or local law. Without limiting the foregoing, Controlled covenants to Distributing that:
Appears in 2 contracts
Samples: Tax Sharing and Indemnification Agreement (Chaparral Steel CO), Tax Sharing and Indemnification Agreement (Chaparral Steel CO)
