Common use of GROUPS AND EXIT CHARGES Clause in Contracts

GROUPS AND EXIT CHARGES. 5.1 No Group Company has entered into or agreed to enter into any arrangement or election with another Group Company or any other company in respect of any liability to Tax incurred or treated as incurred by another Group Company. 5.2 The execution of this Agreement or Completion will not result in any degrouping or other exit tax charge against any Group Company in respect of any assets held by a Group Company at Completion;