Common use of Distributions by Foreign Corner Store Subsidiaries Clause in Contracts

Distributions by Foreign Corner Store Subsidiaries. Until January 1st of the calendar year immediately following the calendar year in which the Distribution occurs, Corner Store shall neither cause nor permit any foreign subsidiary of Corner Store to enter into any transaction or take any action that would be considered under the Code to constitute the declaration or payment of a dividend (including pursuant to Section 304 of the Code) without obtaining the prior written consent of Valero (such prior written consent not to be unreasonably withheld).

Appears in 4 contracts

Samples: Tax Matters Agreement, Tax Matters Agreement (CST Brands, Inc.), Tax Matters Agreement (CST Brands, Inc.)

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