Common use of Tax Benefits Clause in Contracts

Tax Benefits. If Parent determines, in its sole and absolute discretion, that: (i) one Party is responsible for a Tax pursuant to this Agreement or under applicable Law and (ii) the other Party is entitled to a Tax Benefit relating to such Tax, then the Party entitled to such Tax Benefit shall pay to the Party responsible for such Tax the amount of the Tax Benefit, as determined pursuant to Section 2.7.

Tax Benefits. If Parent determines, in its sole and absolute reasonable discretion, that: (i) one Party is responsible for a Tax pursuant to this Agreement or under applicable Law and (ii) the other Party is entitled to a Tax Benefit relating to such Tax, then the Party entitled to such Tax Benefit shall pay to the Party responsible for such Tax the amount of the Tax Benefit, as determined pursuant to Section 2.7by Parent in its reasonable discretion.

Tax Benefits. If Parent determines, in its sole and absolute discretion, that: that (i) one Party is responsible for a Tax pursuant to this Agreement or under applicable Law Tax Law, and (ii) the other Party is entitled to a deduction, credit, or other Tax Benefit relating to benefit in respect of such Tax, then the Party entitled to such deduction, credit, or other Tax Benefit benefit shall pay to the Party responsible for such Tax the amount of the Tax Benefitbenefit arising from such deduction, credit, or other Tax benefit, as determined pursuant to Section 2.7by Parent in its discretion.