Common use of Subsequent Adjustment Clause in Contracts

Subsequent Adjustment. In the event that any Tax refund, benefit or savings described in any clause of this Section 6.14(e) is subsequently reduced as a result of any adjustment required by any Tax authority, this Section 6.14(e) shall be applied, taking into account such adjustment. If Seller, on the one hand, or Parent or its Affiliates, on the other hand, have paid any amount to the other on the basis of the application of this Section 6.14(e) prior to such subsequent adjustment or such subsequent creation of tax attributes (each, a subsequent event) and the amount due pursuant to this Section 6.14(e) taking into account such subsequent event is determined to have changed as a result of such subsequent event, the parties agree to make any payment necessary to settle the difference between the amount previously paid and the amount subsequently determined to be due.

Subsequent Adjustment. In the event that any Tax refund, benefit or savings described in any clause of this Section 6.14(e) 5.7 is subsequently reduced as a result of any adjustment required by any Tax authority, this Section 6.14(e) 5.7 shall be applied, taking into account such adjustment. If Sellerthe Sellers, on the one hand, or Parent Buyer or its Affiliatesaffiliates, on the other hand, have paid any amount to the other on the basis of the application of this Section 6.14(e) 5.7 prior to such subsequent adjustment or such subsequent creation of tax attributes (each, a subsequent event) and the amount due pursuant to this Section 6.14(e) 5.7 taking into account such subsequent event is determined to have changed as a result of such subsequent event, the parties agree to make any payment necessary to settle the difference between the amount previously paid and the amount subsequently determined to be due.