Common use of SpinCo Adjustments Clause in Contracts

SpinCo Adjustments. If a Spinco fails to promptly provide such cooperation as is requested by Parent in connection with Parent’s conduct of a Proceeding relating to a Spinco Adjustment with respect to such Spinco, such Spinco shall be responsible for any Tax Liabilities attributable to such Spinco Adjustment.

Appears in 4 contracts

Samples: Tax Sharing Agreement (Ticketmaster), Tax Sharing Agreement (HSN, Inc.), Tax Sharing Agreement (Interval Leisure Group, Inc.)

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SpinCo Adjustments. If a Spinco fails to promptly provide such cooperation as is requested by Parent in connection with Parent’s conduct of a Proceeding relating to a Spinco Adjustment with respect to such Spinco, such Spinco shall pay and shall be responsible for any Tax Liabilities (including any Specified Restructuring Income Tax Liabilities) attributable to such Spinco Adjustment.

Appears in 1 contract

Samples: Tax Sharing Agreement (Ticketmaster)

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