Common use of French Tax Consolidation Clause in Contracts

French Tax Consolidation. As a result of the Distribution, the French Tax resident members of the TEN Group that are members of the French Tax consolidated group set-up by TFMC in accordance with the provisions of Article 223 A et seq. of the Code général des impôts will exit from such Tax consolidated group with effect as from January 1, [2021]. The French Tax consequences of such exit will be governed by the provisions of the French Tax Group Exit Agreements attached hereto as Exhibit A. To the extent that any of the terms of this Agreement are inconsistent with the terms of the French Group Exit Agreements, the terms of the French Group Exit Agreements shall control.

Appears in 2 contracts

Samples: Tax Matters Agreement (Technip Energies B.V.), Tax Matters Agreement (Technip Energies B.V.)

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French Tax Consolidation. As a result of the Distribution, the French Tax resident members of the TEN Group that are members of the French Tax consolidated group set-up by TFMC in accordance with the provisions of Article 223 A et seq. of the Code général des impôts will exit from such Tax consolidated group with effect as from January 1, [2021]. The French Tax consequences of such exit will be governed by the provisions of the French Tax Group Exit Agreements attached hereto as Exhibit A. To the extent that any of the terms of this Agreement are inconsistent with the terms of the French Group Exit Agreements, the terms of the French Group Exit Agreements shall control.

Appears in 2 contracts

Samples: Tax Matters Agreement (Technip Energies N.V.), Tax Matters Agreement (TechnipFMC PLC)

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