Common use of Prior Tax Sharing Agreements Clause in Contracts

Prior Tax Sharing Agreements. This Agreement terminates and supersedes as of the Closing Date any and all other tax sharing agreements, if any, in effect on the Closing Date as to which the Company or any of its Subsidiaries is or was a party, for all Taxes imposed by any federal, state, foreign or local Government or taxing authority, regardless of the period for which such Taxes are imposed.

Prior Tax Sharing Agreements. This Agreement terminates and supersedes as of the Closing Date any and all other tax sharing agreements, if any, or allocation agreements in effect on the Closing Date date hereof as to which between the Company Payment Parties or any of its Subsidiaries is predecessor or was a partyAffiliate thereof on the one hand, and the Acquired Companies on the other hand, for all Taxes taxes imposed by any federal, state, foreign or local Government government or taxing authorityTaxing Authority, regardless of the period for which such Taxes taxes are imposed, and obligations of or to the Acquired Companies pursuant to any such agreement shall be extinguished as of the Closing Date.