Grace. Conn. shall be permitted to file, and Grace shall fully cooperate with Grace-Conn. in connection with, any refund claim. To the extent that such a refund claim (other than a claim arising from a carryback) does not result in a Tax refund (or would not result in a refund if a claim were filed) as the result of an offsetting Packaging Tax Item (including a Packaging Tax Item carried back to a Pre-Distribution Taxable Period or a Straddle Period), Grace shall remit to Grace-Conn. the amount of any decrease in Tax that results or would have resulted from such refund claim.
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Samples: Tax Sharing Agreement (Grace Specialty Chemicals Inc), Tax Sharing Agreement (Sealed Air Corp), Form of Tax Sharing Agreement (Wr Grace & Co/De)
Grace. Conn. shall be permitted to file, and Grace shall fully cooperate with Grace-Conn. in connection with, any refund claim. To the extent that such a refund claim (other than a claim arising from a carryback) does claims do not result in a Tax refund Refund (or would not result in a refund if a claim were filed) solely as the result of an offsetting Packaging Grace Tax Item (including a Packaging Tax Item carried back to a Pre-Distribution Taxable Period or a Straddle Period)Item, Grace shall remit to Grace-Conn. an amount equal to the amount of any decrease in the Grace-Conn. Group's allocable share of Tax that results or would otherwise have resulted from such refund claimclaim as determined under the principles contained in Section 3.02(a).
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