Common use of Grace Clause in Contracts

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.

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).