Common use of Distributions and Elections Clause in Contracts

Distributions and Elections. (a) No member of the PracticeWorks Group shall make any election with respect to Taxes, pay or cause to be paid any distribution from an Affiliate or take any other action that shall cause an actual increase in the Taxes for which the InfoCure Group is responsible or will cause an actual reduction in the amount of any refund of Taxes payable to the InfoCure Group. (b) No member of the InfoCure Group shall make any election with respect to Taxes, pay or cause to be paid any distribution from an Affiliate or take any other action that shall cause an actual increase in the Taxes for which the PracticeWorks Group is responsible or will cause an actual reduction in the amount of any refund of Taxes payable to the PracticeWorks Group.

Appears in 4 contracts

Samples: Form 10 Registration (Infocure Corp), Tax Disaffiliation Agreement (Practice Works Inc), Tax Disaffiliation Agreement (Practice Works Inc)

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