Common use of NOL Utilization Clause in Contracts

NOL Utilization. Spinco, on the one hand, and the Beneficiaries, on the other hand, acknowledge that Spinco and its Subsidiaries shall, to the fullest extent permitted by law, claim the Pre-Merger NOLs to reduce the amount of Taxes that Spinco and its Subsidiaries would otherwise be required to pay.

Appears in 6 contracts

Samples: Tax Receivable Agreement (Veritiv Corp), Tax Receivable Agreement (Veritiv Corp), Tax Receivable Agreement (Xpedx Holding Co)

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