Common use of Distributions and Elections Clause in Contracts

Distributions and Elections. (a) No member of the Spinco Group shall make any tax election, pay or cause to be paid any distribution from an Affiliate or take any other action that would cause an actual increase in the taxes for which the Parent Group is responsible or would cause an actual reduction in the amount of any refund of taxes payable to the Parent Group.

Distributions and Elections. (a) No Except as contemplated by the Corporate Transactions, no member of the Spinco SpinCo Group shall make any tax election, pay or cause to be paid any distribution from an Affiliate or take any other action that would cause an actual increase in the taxes for which the Parent Group is responsible or would cause an actual reduction in the amount of any refund of taxes payable to the Parent GroupGroup unless Parent and its Affiliates are indemnified and held harmless, on an After Tax Basis, for the detriment resulting from such act.