Common use of Termination of Tax Sharing Agreements; Powers of Attorney Clause in Contracts

Termination of Tax Sharing Agreements; Powers of Attorney. (1) Any Tax Sharing Agreement to which either Company is a party shall be terminated as of the Closing Date, and neither Company shall have further obligations thereunder. For purposes of this Agreement, the term "Tax Sharing Agreement" includes any agreement or arrangement, whether or not written, providing for the sharing or allocation of liability for Taxes of the parties thereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Applied Cellular Technology Inc), Agreement of Purchase and Sale (Intellesale Com Inc)

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Termination of Tax Sharing Agreements; Powers of Attorney. (1) Any Tax Sharing Agreement to which either the Company is a party shall be terminated as of the Closing Date, and neither the Company shall have no further obligations thereunder. For purposes of this Agreement, the term "Tax Sharing Agreement" includes any agreement or arrangement, whether or not written, providing for the sharing or allocation of liability for Taxes of the parties thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Applied Digital Solutions Inc), Agreement of Purchase and Sale (Gulfstream Aerospace Corp)

Termination of Tax Sharing Agreements; Powers of Attorney. (1i) Any Tax Sharing Agreement to which either Company Pricester is a party shall be terminated as of the Closing Date, and neither Company Pricester shall have no further obligations thereunder. For purposes of this Agreement, the term "Tax Sharing Agreement" includes any agreement or arrangement, whether or not written, providing for the sharing or allocation of liability for Taxes of the parties thereto.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Pricester.Com, Inc.)

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Termination of Tax Sharing Agreements; Powers of Attorney. (1) Any Tax Sharing Agreement to which either the Company is a party (other than this Agreement) shall be terminated as of the Closing Date, and neither the Company shall have no further obligations thereunder. For purposes of this Agreement, the term "Tax Sharing Agreement" includes any agreement or arrangement, whether or not written, providing for the sharing or allocation of liability for Taxes of the parties thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Applied Digital Solutions Inc)

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