Common use of Recoverable Taxes Clause in Contracts

Recoverable Taxes. If a Party (or member of its Group) receives any indemnity or reimbursement payment under this Agreement attributable to a Recoverable Tax that was considered non-recoverable and such Recoverable Tax is later recovered, such Party (or member of its Group) will return the portion of the payment it received attributable to the recovered portion of such Recoverable Tax (determined on a first in, first out basis) to the other Party within thirty days of the date such recovery is Effectively Realized.

Appears in 4 contracts

Samples: Tax Sharing and Indemnity Agreement, Tax Sharing and Indemnity Agreement (Kraft Foods Group, Inc.), Tax Sharing and Indemnity Agreement (Kraft Foods Group, Inc.)

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