Common use of Termination of Tax Agreements Clause in Contracts

Termination of Tax Agreements. All Tax allocation, Tax sharing, Tax indemnity or similar agreements between Seller or any of its Affiliates (other than the Subsidiary), on the one hand, and the Subsidiary, on the other hand, shall be terminated with respect to the Subsidiary prior to the Closing Date, and, after the Closing Date, neither Seller or any of its Affiliates (other than the Subsidiary), on the one hand, nor the Subsidiary, on the other hand, shall be bound thereby or have any further liability or obligation thereunder to the other party with respect to periods prior to the Closing Date.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Laclede Group Inc), Purchase and Sale Agreement (Southern Union Co)

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Termination of Tax Agreements. All Tax allocation, Tax sharing, Tax indemnity or similar agreements between Seller or any of its Affiliates (other than the SubsidiarySubsidiaries), on the one hand, and the SubsidiarySubsidiaries, on the other hand, shall be terminated with respect to the Subsidiary Subsidiaries prior to the Closing Date, and, after the Closing Date, neither Seller or any of its Affiliates (other than the SubsidiarySubsidiaries), on the one hand, nor the SubsidiarySubsidiaries, on the other hand, shall be bound thereby or have any further liability or obligation thereunder to the other party with respect to periods prior to the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Southern Union Co)

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