Common use of TAX ALLOCATION AGREEMENTS, ETC Clause in Contracts

TAX ALLOCATION AGREEMENTS, ETC. Immediately prior to the Distribution, GenCorp shall cause any and all tax allocation, tax sharing and similar agreements or arrangements existing between GenCorp and all members of the OMNOVA Group to be terminated as of the Distribution Date, and shall cause any amounts due under such agreements or arrangements to be settled in the manner agreed to by the Parties prior to the Distribution Date. Upon such termination and settlement, no further payments made by one Party to the other with respect to such agreements or arrangements shall be made, and all other rights and obligations resulting from such agreements or arrangements between the Parties shall cease as of such time. This Agreement shall supercede any such agreements or arrangements.

TAX ALLOCATION AGREEMENTS, ETC. Immediately prior to the Distribution, GenCorp shall cause any and all tax allocation, tax sharing and similar agreements or arrangements existing between GenCorp and all members of the OMNOVA Group to be terminated as of the Distribution Date, and shall cause any amounts due under such agreements or arrangements to be settled in the manner agreed to by the Parties prior to the Distribution Date. Upon such termination and settlement, no further payments made by one Party to the other with respect to such agreements or arrangements shall be made, and all other rights and obligations resulting from such agreements or arrangements between the Parties shall cease as of such time. This Agreement shall supercede any such agreements or arrangementsarrangements to the extent inconsistent therewith.