Common use of Transactions Occurring on the Distribution Date Clause in Contracts

Transactions Occurring on the Distribution Date. Notwithstanding the provisions of Section 2.1(a)(i) (but subject to the provisions of Section 2.2), Taxes attributable to any transaction or action taken by or with respect to any member of the Spinco Group outside the ordinary course of business before the Distribution on the Distribution Date shall be allocated to the Pre-Distribution Period, and Taxes attributable to any transaction or action taken by or with respect to any member of the Spinco Group outside the ordinary course of business after the Distribution on the Distribution Date shall be allocated to the Post-Distribution Period.

Appears in 7 contracts

Samples: Tax Sharing Agreement (CommerceHub, Inc.), Tax Sharing Agreement (CommerceHub, Inc.), Tax Sharing Agreement (Liberty Broadband Corp)

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