Common use of Termination of Tax Allocation Agreements Clause in Contracts

Termination of Tax Allocation Agreements. Any tax allocation or sharing agreement or arrangement, whether or not written, that may have been entered into by Seller or any of its Affiliates on the one hand, and the Company or the Transferred Subsidiaries, on the other hand, shall be terminated as to the Company and the Transferred Subsidiaries as of the Closing Date, and no payments which are owed by or to the Company and the Transferred Subsidiaries pursuant thereto shall be made thereunder. From and after the Closing Date, this Agreement shall be the sole Tax allocation or sharing agreement or arrangement relating to the Company or the Transferred Subsidiaries for all Pre-Closing Tax Periods.

Appears in 2 contracts

Samples: Securities Purchase Agreement (BATS Global Markets, Inc.), Securities Purchase Agreement (KCG Holdings, Inc.)

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Termination of Tax Allocation Agreements. Any and all tax allocation or sharing agreement agreements or arrangementarrangements, whether or not written, that may have been entered into by Seller or any of and between the Sellers and its Affiliates affiliates, on the one hand, and the Companies and Company or the Transferred Subsidiaries, on the other hand, shall be terminated as to the Companies and Company and the Transferred Subsidiaries as of the Closing Date, and no payments which are owed by or to the Companies or Company and the Transferred Subsidiaries pursuant thereto shall be made thereunder. From and after After the Closing Date, this Agreement shall be the sole Tax allocation or sharing agreement or arrangement relating to the Companies and Company or the Transferred Subsidiaries for all Pre-Closing Tax Periods.

Appears in 1 contract

Samples: Stock Purchase Agreement (Citizens Communications Co)

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Termination of Tax Allocation Agreements. Any and all tax ---------------------------------------- allocation or sharing agreement agreements or arrangementarrangements, whether or not written, that may have been entered into by Seller or any of and between the Sellers and its Affiliates affiliates, on the one hand, and the Companies and Company or the Transferred Subsidiaries, on the other hand, shall be terminated as to the Companies and Company and the Transferred Subsidiaries as of the Closing Date, and no payments which are owed by or to the Companies or Company and the Transferred Subsidiaries pursuant thereto shall be made thereunder. From and after After the Closing Date, this Agreement shall be the sole Tax allocation or sharing agreement or arrangement relating to the Companies and Company or the Transferred Subsidiaries for all Pre-Closing Tax Periods.

Appears in 1 contract

Samples: Stock Purchase Agreement (Global Crossing LTD)

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