Common use of Loss of Tax Benefits Clause in Contracts

Loss of Tax Benefits. Appropriate payments shall be made between the parties to take account of subsequent losses of, or changes in, any Tax Benefit that has been taken into account for purposes of determining the After-Tax Basis of any indemnification payment.

Appears in 4 contracts

Samples: Allocation and Indemnity Agreement (Stac Software Inc), Tax Allocation and Indemnity Agreement (Park Place Entertainment Corp), Tax Allocation and Indemnity Agreement (Park Place Entertainment Corp)

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Loss of Tax Benefits. Appropriate payments shall be made between the parties to take account of subsequent losses a Final Determination which results in a loss of, or changes in, change in any Tax Benefit that has been taken into account for purposes of determining the After-Tax Basis of any indemnification payment.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Allergan Inc), Tax Sharing Agreement (Amo Holdings LLC), Tax Sharing Agreement (Advanced Medical Optics Inc)

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