Common use of Termination of Tax Sharing Agreements Clause in Contracts

Termination of Tax Sharing Agreements. The Seller shall cause all Tax sharing or Tax allocation agreements binding the Company or any Subsidiary to be terminated no later than the day prior to the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Spirit Finance Corp)

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Termination of Tax Sharing Agreements. The As of the Closing Date, Seller shall cause the participation of each Acquired Company in all written Tax allocation and Tax sharing or Tax allocation agreements binding and arrangements between Seller and its Affiliates (other than the Company or any Subsidiary Acquired Companies), on the one hand, and such Acquired Company, on the other hand, to be terminated no later than the day prior to as of the Closing DateDate so that such Acquired Company will have no further rights or obligations thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (National General Holdings Corp.)

Termination of Tax Sharing Agreements. The Seller shall cause all Tax tax-sharing agreements or Tax allocation similar agreements binding the to which any Acquired Company or any Subsidiary to be terminated no later than the day is a party prior to the Closing to be terminated with respect to such Acquired Company as of the Closing Date and, after the Closing Date, such Acquired Company shall not be bound thereby or have any liability thereunder.

Appears in 1 contract

Samples: Share Purchase Agreement (Liberated Syndication Inc.)

Termination of Tax Sharing Agreements. The Seller shall cause terminate any and all Tax allocation or sharing or Tax allocation agreements binding the Company or any Subsidiary to be terminated no later than as of the day prior to before the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Salix Pharmaceuticals LTD)

Termination of Tax Sharing Agreements. The Seller Selling Companies shall cause all any Tax sharing or Tax allocation agreements binding agreement involving any of the Company or any Subsidiary Transferred Subsidiaries to be terminated no later than the day prior to on or before the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Express Scripts Inc)

Termination of Tax Sharing Agreements. The Seller shall cause all the provisions of any Tax sharing or Tax allocation agreements binding agreement between Seller and any of its Affiliates (other than the Company and the Company Subsidiary), on the one hand, and the Company or any Subsidiary the Company Subsidiary, on the other hand, to be terminated no later than the day prior to on or before the Closing Date.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Smithkline Beecham PLC)

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Termination of Tax Sharing Agreements. The Seller shall cause all any Tax allocation agreement, Tax indemnity agreement, Tax sharing agreement or Tax allocation agreements binding the similar Contract between either Company or and any Subsidiary other Person to be terminated no later than as of the day prior to immediately 50 preceding the Closing Date such that, on, from and after the Closing Date, neither Company shall be obligated to make any payment pursuant to any such agreement for any Tax period.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Marketaxess Holdings Inc)

Termination of Tax Sharing Agreements. The Seller shall cause all Tax sharing sharing, allocation, indemnity or Tax allocation similar agreements binding the with respect to or involving Company or any Subsidiary to be terminated no later than the day prior to as of the Closing DateDate with the result that Company shall not have any further liability thereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (GlassBridge Enterprises, Inc.)

Termination of Tax Sharing Agreements. The Seller On or prior to the Closing Date, Sellers shall cause all Tax sharing agreements between Sellers or Tax allocation agreements binding any of their affiliates (as determined immediately after the Closing Date) on the one hand, and the Company or any Subsidiary and its Subsidiaries on the other hand, to be terminated terminated, and all obligations thereunder shall be settled, and no later than the day prior to additional payments shall be made under any provisions thereof after the Closing Date.

Appears in 1 contract

Samples: Stock and Note Purchase Agreement (Mirant Corp)

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