Common use of Restructuring Taxes Clause in Contracts

Restructuring Taxes. Notwithstanding any statement to the contrary in this Agreement and except as otherwise provided in the Distribution Agreement, to the extent that any Taxes are found to arise out of the Reorganization or the Distribution, then half of any such Tax liability incurred by the Parties (or any of their Subsidiaries) shall be the responsibility of New D&B and the other half of any such Tax liability shall be the responsibility of the Corporation.

Appears in 4 contracts

Samples: Tax Allocation Agreement (New D&b Corp), Tax Allocation Agreement (New D&b Corp), Tax Allocation Agreement (Moodys Corp /De/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!