Tax Effect. In calculating amount payable to an Indemnitee hereunder (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 4 contracts
Samples: Merger Agreement (Steins Holdings Inc /Nv/), Agreement and Plan of Reorganization (Pacific Realm Inc), Merger Agreement (20/20 Networks Inc)
Tax Effect. In calculating amount amounts payable to an Indemnitee hereunder hereunder, (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 4 contracts
Samples: Merger Agreement (Great American Food Chain, Inc.), Merger Agreement (Freedom Golf Corp/Co), Merger Agreement (L P R Cybertek Inc)
Tax Effect. In calculating amount payable to an Indemnitee ----------- hereunder (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 3 contracts
Samples: Acquisition Agreement (H Net Net), Merger Agreement (Cal Alta Auto Glass Inc), Assets Acquisition Agreement (Agrocan Corp)
