Common use of Xxxxxxx Tax Refunds Clause in Contracts

Xxxxxxx Tax Refunds. Xxxxxxx shall be entitled to any Tax Refunds (including, in the case of any refund received, any interest actually received on or in respect thereof) received by any member of the Xxxxxxx Group or any Xxxxxxx Contributed Subsidiary, other than any Tax Refunds to which Newco is entitled pursuant to Section 7(b) (or, with respect to any Xxxxxxx Contributed Subsidiary Carried Item, Section 6). Newco shall not be entitled to any Tax Refunds received by any member of the Xxxxxxx Group or any Xxxxxxx Contributed Subsidiary, except as set forth in Section 7(b) (or, with respect to any Xxxxxxx Contributed Subsidiary Carried Item, Section 6).

Appears in 4 contracts

Samples: Tax Matters Agreement (Aspen Technology, Inc.), Transaction Agreement and Plan of Merger (Emersub CX, Inc.), Stockholders Agreement (Emerson Electric Co)

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