Common use of NewCo Tax Sharing Payments Clause in Contracts

NewCo Tax Sharing Payments. (i) With respect to any Combined Return for any taxable period (or portion thereof) that begins after the Merger Effective Date, NewCo shall pay, or cause to be paid, to Parent the amount of estimated Taxes, if any, that would be incurred by the NewCo Group and/or its members for such taxable period had the NewCo Group and/or its members not been included in such Combined Return (“Estimated Tax Payments”). The Estimated Tax Payments owed by the NewCo Group or any of its members for any such taxable period (or portion thereof) shall be determined in accordance with the definition of NewCo Stand-Alone Tax Liability.

Appears in 4 contracts

Samples: Tax Sharing Agreement (Iac/Interactivecorp), Tax Sharing Agreement (ANGI Homeservices Inc.), Tax Sharing Agreement (ANGI Homeservices Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.