Unexpected Tax Reductions. Notwithstanding any other provision of this Agreement, in the event of a Final Determination that results in a reduction of the aggregate Tax liability of FHI and the members of the FHI Group in respect of the Contribution and Distribution (including any interest and penalties, but not including any Transfer Taxes) to an amount less than the Return Taxes (such reduction, an “Unexpected Tax Reduction”), FHI shall make a payment to BWHI, for such Unexpected Tax Reduction (minus the United States federal income Tax costs to the FHI Group that results from such difference) within fifteen (15) Business Days after the date of the relevant Final Determination.
Appears in 5 contracts
Samples: Agreement for Allocation and Settlement of Income Tax Liabilities, Agreement for Allocation and Settlement of Income Tax Liabilities (First Hawaiian, Inc.), Agreement for Allocation and Settlement of Income Tax Liabilities (First Hawaiian, Inc.)
