Common use of Liability for Foreign Taxes Clause in Contracts

Liability for Foreign Taxes. (a) Subject to Sections 2.04, 2.05, 4.01, and 4.02, GenCorp shall be liable for, and shall indemnify and hold the OMNOVA Group harmless from: (1) any Foreign Taxes imposed on GenCorp, OMNOVA or their respective Groups for any Pre-Distribution Period and (2) any Foreign Taxes imposed on the GenCorp Group for any Post-Distribution Period. (b) Subject to Sections 2.04, 2.05, 4.01, and 4.02, OMNOVA shall be liable for, and shall indemnify and hold the GenCorp Group harmless from all Foreign Taxes imposed on the OMNOVA Group for any Post-Distribution Period.

Appears in 4 contracts

Samples: Tax Matters Agreement (Omnova Solutions Inc), Tax Matters Agreement (Omnova Solutions Inc), Tax Matters Agreement (Gencorp Inc)

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