Separation Taxes. Notwithstanding anything in this Agreement to the contrary, Controlled shall indemnify and hold harmless each Distributing Affiliate against liability for (i) any Controlled Change in Control Tax and (ii) any Separation Tax for which Controlled or its Affiliates has an obligation to indemnify Distributing under any provision of this Agreement. Distributing shall indemnify and hold harmless each Controlled Affiliate against liability for all other Separation Taxes.
Appears in 4 contracts
Samples: Tax Sharing and Indemnification Agreement (Chaparral Steel CO), Tax Sharing and Indemnification Agreement (Texas Industries Inc), Tax Sharing and Indemnification Agreement (Chaparral Steel CO)
Separation Taxes. Notwithstanding anything in this Agreement to the contrary, Controlled shall indemnify and hold harmless each Distributing Affiliate against liability for (i) any Controlled Change in Control Tax and (ii) any Separation Tax for which Controlled or its Affiliates has an obligation to indemnify Distributing under any other provision of this Agreement. Distributing shall indemnify and hold harmless each Controlled Affiliate against liability for all other Separation Taxes.
Appears in 1 contract
Samples: Tax Sharing and Indemnification Agreement (Chaparral Steel CO)
