Common use of Parent Liability Clause in Contracts

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the GRP&E/BCS Group from and against any liability for: (i) any Tax resulting from a breach by Parent of any representation or covenant in the Separation and Distribution Agreement, this Agreement or any other Ancillary Agreement; and (ii) any Separation Tax Losses for which Parent is responsible pursuant to Section 7.06(b).

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the GRP&E/BCS Group from and against any liability for: , any Taxes (iwhether payable to a Tax Authority or to another Person pursuant to a contractual indemnity obligation) any Tax resulting from a breach by Parent of any representation which are allocated to Parent, or covenant in the Separation and Distribution Agreement, this Agreement or any other Ancillary Agreement; and (ii) any Separation Tax Losses for which Parent is responsible responsible, pursuant to Section 7.06(b)this Article 2.