Common use of Tax Reduction Clause in Contracts

Tax Reduction. The Company shall, and shall cause each member of the Company Group to, take all steps reasonably necessary to receive a reduction in Taxes attributable to such deduction, loss or credit. Within twelve months of the end of each taxable year the Company shall provide New Xxxxxx with an accounting setting forth the utilization of the Section 3.06(b) Tax Reduction and the Company Tax Benefits.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Autoliv Inc), Tax Sharing Agreement (Autoliv Inc), Tax Sharing Agreement (New Morton International Inc)

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Tax Reduction. The Company shall, and shall cause each member of the Company Group to, take all steps reasonably necessary to receive a reduction in Taxes attributable to such deduction, loss or credit. Within twelve months of the end of each taxable year the Company shall provide New Xxxxxx Morton with an accounting setting forth the utilization of utilizaxxxx xf the Section 3.06(b) Tax Reduction and the Company Tax Benefits. (c) Any payment required to be made pursuant to this

Appears in 1 contract

Samples: Tax Sharing Agreement (New Morton International Inc)

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