Common use of Duty to Mitigate Recognition or Recapture of Income Clause in Contracts

Duty to Mitigate Recognition or Recapture of Income. Prior to any event that may result in recognition or recapture of income (including under any gain recognition agreement or domestic use agreement), Ashland Global and Valvoline shall use (and shall cause the members of the Ashland Global Group and Valvoline Group, respectively, to use) all commercially reasonable efforts to eliminate such recognition or recapture of income or otherwise avoid or minimize the impact thereof. For the avoidance of doubt:

Appears in 4 contracts

Samples: Tax Matters Agreement (Valvoline Inc), Tax Matters Agreement (Ashland LLC), Tax Matters Agreement (Valvoline Inc)

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