Gross-Up of Indemnification Payments. Except to the extent provided in Article XI, any Tax indemnity payment made by a Party under this Agreement shall be increased as necessary so that after making all payments in respect to Taxes imposed on or attributable to such indemnity payment, the recipient Party receives an amount equal to the sum it would have received had no such Taxes been imposed.
Appears in 3 contracts
Samples: Tax Matters Agreement (Worthington Enterprises, Inc.), Tax Matters Agreement (Worthington Steel, Inc.), Tax Matters Agreement (Worthington Steel, Inc.)
Gross-Up of Indemnification Payments. Except to the extent provided in Article XIXI of this Agreement, any Tax indemnity payment made by a Party under this Agreement shall be increased as necessary so that after making all payments in respect to Taxes imposed on or attributable to such indemnity payment, the recipient Party receives an amount equal to the sum it would have received had no such Taxes been imposed.
Appears in 3 contracts
Samples: Tax Matters Agreement (Howard Hughes Holdings Inc.), Tax Matters Agreement (Seaport Entertainment Group Inc.), Tax Matters Agreement (Seaport Entertainment Group Inc.)
