Tax Effect. In calculating amounts 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 (Great American Food Chain, Inc.), Merger Agreement (L P R Cybertek Inc), Merger Agreement (Lakota Technologies Inc)
Tax Effect. In calculating amounts amount 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: Agreement and Plan of Reorganization (Pacific Realm Inc), Merger Agreement (Steins Holdings Inc /Nv/), Merger Agreement (20/20 Networks Inc)
Tax Effect. In calculating amounts amount 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 3 contracts
Samples: Acquisition Agreement (H Net Net), Assets Acquisition Agreement (Agrocan Corp), Merger Agreement (Cal Alta Auto Glass Inc)