Common use of State Income Taxes Relating to Separate Returns Clause in Contracts

State Income Taxes Relating to Separate Returns. (i) Remainco shall be responsible for any and all State Income Taxes (including any increase in such Taxes as a result of a Final Determination) required to be reported on (A) any Remainco Separate Return or (B) any Spinco Separate Return with respect to any Pre-Distribution Period. (ii) Parent and Spinco shall be responsible for any and all State Income Taxes (including any increase in such Taxes as a result of a Final Determination) required to be reported on any Spinco Separate Return with respect to any Post-Distribution Period.

Appears in 4 contracts

Samples: Tax Matters Agreement (CXApp Inc.), Tax Matters Agreement (Inpixon), Tax Matters Agreement (OmniAb, Inc.)

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