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

Tax Refund or Tax Benefit Received by Distributing Group. If a member of the Distributing Group receives a Tax Refund with respect to Taxes for which Controlled is liable hereunder or uses a Tax Benefit for which Controlled is entitled to reimbursement pursuant to clause (ii) of Section 2.1(a), Distributing shall pay to Controlled, 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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