Distributing Liabilities and Payments. For any Tax Period (or portion thereof), Distributing shall (i) be liable for the Taxes (determined without regard to Tax Benefits) allocated to it by this Section 2, reduced by any Tax Benefits allocated to Distributing or Splitco that are allowable under applicable Tax Law to reduce such Taxes, (ii) pay such Taxes, as so reduced, either to the applicable Tax Authority or to Splitco as required by Section 4, and (iii) pay Splitco for any Tax Benefits allocated to Splitco by this Section 2 that reduce Taxes payable by Distributing pursuant to clause (ii) of this Section 2.1(a).
Appears in 5 contracts
Samples: Tax Sharing Agreement (Sirius Xm Holdings Inc.), Tax Sharing Agreement (Liberty Media Corp), Tax Sharing Agreement (Liberty Media Corp)
Distributing Liabilities and Payments. For any Tax Period Year (or portion thereof), Distributing shall (i) be liable for the Taxes (determined without regard to Tax Benefits) allocated to it by this Section 2, reduced by any Tax Benefits allocated to Distributing or Splitco that are allowable under applicable Tax Law to reduce such Taxes, (ii) pay such Taxes, as so reduced, either to the applicable Tax Authority or to Splitco as required by Section 4, and (iii) pay Splitco for any Tax Benefits allocated to Splitco by this Section 2 that Distributing uses to reduce Taxes payable by Distributing it pursuant to clause (ii) of this Section 2.1(a).
Appears in 5 contracts
Samples: Tax Sharing Agreement, Tax Sharing Agreement (Gci Liberty, Inc.), Tax Sharing Agreement (General Communication Inc)
Distributing Liabilities and Payments. For any Tax Period Year (or portion thereof), Distributing shall (i) be liable for the Taxes (determined without regard to Tax Benefits) allocated to it by this Section 2, reduced by any Tax Benefits allocated to Distributing or Splitco Controlled that are allowable under applicable Tax Law to reduce such Taxes, (ii) pay such Taxes, as so reduced, either to the applicable Tax Authority or to Splitco Controlled as required by Section 4, and (iii) pay Splitco Controlled for any Tax Benefits allocated to Splitco Controlled by this Section 2 that Distributing uses to reduce Taxes payable by Distributing it pursuant to clause (ii) of this Section 2.1(a).
Appears in 4 contracts
Samples: Tax Sharing Agreement (Liberty Media Corp), Tax Sharing Agreement (Liberty Splitco, Inc.), Tax Sharing Agreement (Liberty Splitco, Inc.)
