Tax Effect of Indemnification. Notwithstanding any term or provision of this Agreement to the contrary, any indemnity payments owed by one party to another party to this Agreement shall be reduced by any tax benefits to the party claiming indemnity hereunder and increased by any tax detriments to the party claiming indemnity hereunder.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Omni Energy Services Corp), Asset Purchase Agreement (U S Remodelers Inc), Stock Purchase Agreement (American Homestar Corp)
Tax Effect of Indemnification. Notwithstanding any term or provision of this Agreement to the contrary, any indemnity payments owed by one party to ot another party to this Agreement shall be reduced by any tax benefits to the party claiming indemnity hereunder and increased by any tax detriments to the party claiming indemnity idemnity hereunder.
Appears in 1 contract
Samples: Asset Purchase Agreement (Stevens International Inc)
