Common use of Tax Related Adjustments and Tax Reporting of Transactions Clause in Contracts

Tax Related Adjustments and Tax Reporting of Transactions. (a) VTDC and the Partnership agree that any payment of Indemnified Costs made hereunder will be treated by the Parties on their tax returns as an adjustment to the Cash Distribution.

Appears in 5 contracts

Samples: Contribution Agreement (Valero Energy Partners Lp), Contribution Agreement (Valero Energy Partners Lp), Contribution Agreement (Valero Energy Partners Lp)

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Tax Related Adjustments and Tax Reporting of Transactions. (a) VTDC and the Partnership agree that any payment of Indemnified Costs made hereunder will be treated by the Parties on their tax returns as an adjustment to the Cash DistributionTotal Consideration.

Appears in 1 contract

Samples: Transaction Agreement (Valero Energy Partners Lp)

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