Common use of Pre-IPO NOLs Clause in Contracts

Pre-IPO NOLs. The Corporation, on the one hand, and the Stockholders, on the other hand, acknowledge that the Taxable Entities may utilize the Pre-IPO NOLs to reduce the amount of Taxes that the Taxable Entities would otherwise be required to pay in the future.

Appears in 4 contracts

Samples: Reorganization Agreement (Surgery Partners, Inc.), Income Tax Receivable Agreement (Surgery Partners, Inc.), Income Tax Receivable Agreement (Surgery Partners, Inc.)

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Pre-IPO NOLs. The Corporation, on the one hand, and the Existing Stockholders, on the other hand, acknowledge that the Taxable Entities Corporation may utilize the Pre-IPO NOLs to reduce the amount of Taxes that the Taxable Entities Corporation would otherwise be required to pay in the future.

Appears in 2 contracts

Samples: Income Tax Receivable Agreement (El Pollo Loco Holdings, Inc.), Income Tax Receivable Agreement (El Pollo Loco Holdings, Inc.)

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