Tax Sharing Agreements Sample Clauses
A Tax Sharing Agreement clause outlines how tax liabilities and benefits are allocated among related entities, such as members of a corporate group. In practice, this clause specifies the method for calculating each party’s share of taxes, the timing and process for payments or reimbursements, and the responsibilities for filing returns or handling audits. Its core function is to ensure clarity and fairness in distributing tax obligations, thereby preventing disputes and ensuring compliance with tax laws.
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Tax Sharing Agreements. All tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder.
Tax Sharing Agreements. Seller shall cause the provisions of any Tax sharing agreement or similar arrangement between Seller or any of its Affiliates, on the one hand, and the Acquired Company and/or any of the Subsidiaries on the other hand, to be terminated on or before the Closing Date with respect to such Acquired Company. After the Closing Date, no party shall have any rights or obligations under any such Tax sharing agreement.
Tax Sharing Agreements. Any tax sharing agreement between Seller and Split-Off Subsidiary is terminated as of the Closing Date and will have no further effect for any taxable year (whether the current year, a future year or a past year).
Tax Sharing Agreements. Any Tax sharing or Tax allocation agreement between one or more of the Acquired Companies and Seller or any of its Subsidiaries (other than the Acquired Companies) shall be terminated prior to the Closing, and no payments shall be made thereunder on or after the Closing Date.
Tax Sharing Agreements. Neither the Company nor any of its subsidiaries is a party to any agreement relating to allocating or sharing of Taxes.
Tax Sharing Agreements. The Company is not a party to any Tax allocation, indemnity or sharing or similar agreement.
Tax Sharing Agreements. Any Tax-sharing agreement between the Company or any of its Subsidiaries, on the one hand, and Parent or Stockholder, on the other, is terminated as of the Closing and shall have no further effect for any taxable year (whether the current year, a future year or a past year).
Tax Sharing Agreements. All tax sharing agreements or similar agreements with respect to or involving Target shall be terminated as of the Closing Date and, after the Closing Date, Target shall not be bound thereby or have any liability thereunder.
Tax Sharing Agreements. Effective as of the Closing Date, any and all tax sharing or allocation agreements or arrangements to which the Company or any of its Subsidiaries is a party to shall be terminated such that none of Buyer, the Company, any of its Subsidiaries or any counterparty thereto shall have any further liability thereunder.
Tax Sharing Agreements. All Tax sharing agreements or arrangements that provide for the allocation, apportionment, sharing, or assignment of Tax liability between a Sale Entity, on the one hand, and Seller or Seller’s Affiliates (other than another Sale Entity), on the other hand, shall be terminated as of the Closing Date, such that none of Buyer or any of its Affiliates or the Sale Entities shall have any further liability thereunder.