NOL Utilization. The Corporation, on the one hand, and Virgin, on the other hand, acknowledge that, as a result of the contribution of Investments to the Corporation, the Corporation may utilize Investments’ NOLs to reduce the amount of Taxes that the Corporation would otherwise be required to pay in the future.
Appears in 2 contracts
Samples: Tax Receivable Agreement, Tax Receivable Agreement (Virgin Mobile USA, Inc.)
NOL Utilization. The Corporation, on the one hand, and Virgin, on the other hand, acknowledge that, as a result of the contribution of Investments to the Corporation, the Corporation may utilize Investments’ NOLs to reduce the amount of Taxes that the Corporation would otherwise be required to pay in the future. The Corporation, on the one hand, and Virgin on the other hand, hereby agree to treat any payments made under this Agreement as additional consideration for the Virgin Contribution.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.)
