Tax Allocation Agreements Clause Samples
A Tax Allocation Agreement is a contractual provision that outlines how tax liabilities and benefits are shared among related entities, such as members of a corporate group. Typically, it specifies the method for allocating consolidated tax payments, credits, or refunds, and may detail the timing and process for intercompany settlements. This clause ensures that each party understands its financial responsibilities regarding taxes, thereby preventing disputes and promoting fairness in the distribution of tax-related costs and benefits.
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Tax Allocation Agreements. Lucent hereby assumes and agrees faithfully to perform and fulfill all obligations and other Liabilities of any member of the Lucent Group under the Federal Tax Allocation Agreement and the State and Local Income Tax Allocation Agreement, in accordance with each of their respective terms.
Tax Allocation Agreements. Notwithstanding anything to the contrary in the Tax Allocation Agreements:
(a) BWHI, rather than FHI, shall be responsible for ensuring the timely payment of all United States federal income Taxes of the Pre-Distribution Group and Local income Taxes of the Unitary Group.
(b) All members of the Pre-Distribution Group and the Unitary Group shall make payments to BWHI, and BWHI shall make payments to the members, in accordance with the Tax Allocation Agreements but with BWHI in the role of collection and payment agent that was previously assigned to FHI.
Tax Allocation Agreements. There are no Tax allocation or sharing agreements.
Tax Allocation Agreements. None of the Acquired Companies is a party to any allocation, assumption, indemnification or sharing agreement (other than an agreement the principal subject matter of which is not Taxes), in each case, with regard to Taxes. After the Closing Date, none of the Acquired Companies will be bound by any such agreement or similar arrangement entered into on or prior to the Closing Date, nor will any Acquired Company have any unsatisfied Liability thereunder for any amounts due in respect of Pre-Closing Periods.
Tax Allocation Agreements. All Tax sharing, indemnification and similar agreements, written or unwritten, as between any of the CRG Parties, on the one hand, and any of the Fiesta Parties, on the other hand (other than this Agreement or in any other Transaction Agreement), shall automatically terminate as of the Distribution Date and, after the Distribution Date, no Party to any such Tax sharing, indemnification or similar agreement shall have any further rights or obligations under any such agreement.
Tax Allocation Agreements. There are no Tax allocation or sharing agreements other than between or among the Company and its wholly owned subsidiaries.
Tax Allocation Agreements. All Tax sharing, indemnification and similar agreements, written or unwritten, as between any of the Fortune Brands Parties, on the one hand, and any of the H&S Parties, on the other hand (other than this Agreement or in any other Transaction Agreement), shall automatically terminate as of the Distribution Date and, after the Distribution Date, no Party to any such Tax sharing, indemnification or similar agreement shall have any further rights or obligations under any such agreement.
Tax Allocation Agreements. On or prior to the Initial -------------------------------------------------- Borrowing Date, there shall have been delivered to the Administrative Agent true and correct copies, certified as true and complete by an appropriate officer of Holdings, of the following documents, in each case as same will be in effect on the Initial Borrowing Date after the consummation of the Transaction:
Tax Allocation Agreements. As of the Closing Date, all Tax allocation agreements and arrangements between Interplay and the Company will be cancelled and no further payment will be due to any party pursuant to such agreements or arrangements.
Tax Allocation Agreements. All Tax sharing, indemnification and similar agreements, written or unwritten, as between any of the NiSource Parties, on the one hand, and any of the Columbia Parties, on the other hand (other than this Agreement or in any other Transaction Agreement), shall automatically terminate or be amended as of the Distribution Date such that, after the Distribution Date, no NiSource Party that is a party to such Tax sharing, indemnification or similar agreement shall have any further rights or obligations under any such agreement with respect to any Columbia Party, and vice versa; provided, for the avoidance of doubt, that any such Tax sharing, indemnification or similar agreements shall remain in place to the extent such agreement thereafter relates solely to NiSource Parties or Columbia Parties, respectively.