TAX LIABILITIES AND TAX BENEFITS. Except as otherwise provided in Section 5.1 (Notices) and Article VI (Assistance and Cooperation), the Parties shall be liable for and indemnify each other against Taxes and reimburse each other for the use of Tax Benefits as prescribed in this Article II and shall make payments with respect to such Taxes and Tax Benefits in accordance with Article IV (Tax Payments).
Appears in 3 contracts
Samples: Tax Sharing Agreement (Paragon Offshore PLC), Tax Sharing Agreement (Paragon Offshore Ltd.), Settlement Agreement (Paragon Offshore PLC)
TAX LIABILITIES AND TAX BENEFITS. Except as otherwise provided in Section Section 5.1 (Notices) and Article Article VI (Assistance and Cooperation), the Parties shall be liable for and indemnify each other against Taxes and reimburse each other for the use of Tax Benefits as prescribed in this Article Article II and shall make payments with respect to such Taxes and Tax Benefits in accordance with Article Article IV (Tax Payments).
Appears in 1 contract
Samples: Settlement Agreement (Noble Corp)
