Common use of Tax Refund or Tax Benefit Received by Controlled Group Clause in Contracts

Tax Refund or Tax Benefit Received by Controlled Group. If a member of the Controlled Group receives a Tax Refund with respect to Taxes for which Distributing is liable hereunder or uses a Tax Benefit for which Distributing is entitled to reimbursement pursuant to clause (ii) of Section 2.1(b), Controlled shall pay to Distributing, within five business days following the receipt of the Tax Refund or the use of such Tax Benefit, an amount equal to such Tax Refund or Tax Benefit.

Appears in 4 contracts

Samples: Tax Sharing Agreement (Liberty Media Corp), Ii Tax Sharing Agreement (Liberty Splitco, Inc.), Ii Tax Sharing Agreement (Liberty Splitco, Inc.)

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