Tax Benefit. If any loss or cost for which the Sellers are liable under this Agreement is tax-deductible, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year, but only to the extent the recoverable loss or cost is tax deductible in the taxable year in which such indemnity payment is made.
Appears in 2 contracts
Samples: Share Purchase Agreement, Share Purchase Agreement (Perkinelmer Inc)
Tax Benefit. If any loss or cost for which the Sellers are liable under this Agreement is tax-deductibledeductible for the Purchaser and/or the Group Companies (as relevant), the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during at the relevant fiscal yeartime of the compensation, but only to as applicable, provided that the extent the recoverable loss Purchaser or cost is Group Company actually has benefitted from such tax deductible in the taxable year in which such indemnity payment is madedeductible.
Appears in 1 contract
Tax Benefit. If any loss or cost for which the Sellers are Seller is liable under this Agreement is a tax-deductibledeductible item, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied net cash tax benefit actually realized by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company any of its Affiliates during the relevant fiscal year, but only or prior to the extent year of the recoverable loss or cost is tax deductible in indemnity payment, treating such Tax items attributable to the Loss as the last items claimed for any taxable year in which such indemnity payment is madeyear.
Appears in 1 contract
Samples: Share Purchase Agreement (Baxter International Inc)
Tax Benefit. If any loss or cost for which the Sellers are is liable under this Agreement is a tax-deductibledeductible item, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year, but only to the extent the recoverable loss or cost is tax deductible in the taxable year in which such indemnity payment is made.
Appears in 1 contract
Tax Benefit. If any loss or cost Loss for which the Sellers are any Seller is liable under this Agreement is a tax-deductibledeductible item for the Buyer or any Group Company, the recoverable loss or cost shall be reduced by an amount equivalent to the loss Tax saving or cost multiplied by benefit that is actually enjoyed of the corporate tax rate applicable in Buyer or the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year, but only to the extent the recoverable loss or cost is tax deductible in the taxable year in which such indemnity payment is made(as applicable).
Appears in 1 contract