TAX RETURNS FOR PRE-DISTRIBUTION PERIODS. (a) SPINCO shall prepare or cause to be prepared, consistent with past practice, Business Tax Returns for the Pre-Distribution Period and shall pay or cause to be paid any Tax Liability due with respect to such Business Tax Returns. ATI will promptly notify SPINCO of any audit, assessment, notice, levy, or questionnaire with respect to Business Taxes. SPINCO shall control all matters relating to such Business Taxes and shall pay or cause to be paid and/or indemnify ATI or cause ATI to be indemnified, whatever the case may be, for and defend and hold ATI harmless against any Incremental Tax Assessment set forth in a Final Determination of Business Taxes. Payment to ATI with respect to such Incremental Tax Assessment shall be made in the same manner as if SPINCO were an Indemnifying Party as set forth in Section 8.3.
Appears in 7 contracts
Samples: Tax Sharing and Indemnification Agreement (Teledyne Technologies Inc), Sharing and Indemnification Agreement (Teledyne Technologies Inc), Tax Sharing and Indemnification Agreement (Water Pik Technologies Inc)
