Escheat Taxes. (a) SpinCo shall be responsible for (and shall indemnify Parent from and against) any escheat or unclaimed property Taxes imposed on or attributable to any SpinCo Entity for any tax period. (b) Any refund of any escheat or unclaimed property Taxes attributable to any SpinCo Entity for any tax period (including, for the avoidance of doubt, capital recovery items attributable to any SpinCo Entity originating in any tax period) shall be for the benefit of SpinCo, and any such refund received by any Parent Entity shall be paid over to SpinCo within 10 days of receipt by such Parent Entity.
Appears in 3 contracts
Samples: Tax Matters Agreement, Tax Matters Agreement (Cars.com Inc.), Tax Matters Agreement (Cars.com Inc.)
Escheat Taxes. (a) SpinCo Parent shall be responsible for (and shall indemnify Parent the SpinCo Entities from and against) any escheat or unclaimed property Taxes imposed on with respect to Tax Returns filed or attributable required to any SpinCo Entity for any tax periodbe filed prior to the Distribution Date.
(b) Any refund of any escheat or unclaimed property Taxes attributable to any SpinCo Entity for any tax period Pre-Closing Tax Period (including, for the avoidance of doubt, capital recovery items attributable to any SpinCo Entity originating in any tax periodPre-Closing Tax Period) shall be for the benefit of SpinCo, Parent and any such refund received by any Parent Entity member of the SpinCo Group shall be paid over to SpinCo Parent within 10 days of receipt by such Parent Entitythe SpinCo Group member.
Appears in 2 contracts
Samples: Tax Matters Agreement (Gannett SpinCo, Inc.), Tax Matters Agreement (Gannett SpinCo, Inc.)
