Examples of Existing Tax Allocation Agreement in a sentence
As of the date hereof, (a) all prior intercompany Tax allocation agreements or arrangements solely between or among Encompass and/or any of its Subsidiaries, on the one hand, and Enhabit and/or any of its Subsidiaries, on the other hand, including the Existing Tax Allocation Agreement, shall be terminated, and (b) amounts due under such agreements or arrangements as of the date hereof shall be settled as promptly as practicable after the date hereof.
The parties acknowledge that the obligations of WRFI and its Subsidiaries under the Existing Tax Allocation Agreement will terminate as of the Offering Date, but that pursuant to section 10 of the Existing Tax Allocation Agreement it will remain in effect for each of WRFI and its Subsidiaries with respect to any period during which WRFI or such Subsidiary must be included in the Torchmark Group.
Notwithstanding such continuing effect of the Existing Tax Allocation Agreement, the parties agree that to the extent the provisions of this Tax Disaffiliation Agreement and the provisions of the Existing Tax Allocation Agreement differ or conflict, the provisions of this Tax Disaffiliation Agreement shall be controlling, and the Existing Tax Allocation Agreement is hereby amended to such extent.
To the extent that a party owes money (the "Payor") to another party (the "Payee") pursuant to this Article II, the Payor shall pay the Payee the amount for which the Payor is required to pay or indemnify the Payee under this Article II on the dates and in the manner specified in the Existing Tax Allocation Agreement.
Upon the completion of the Acquisition, the Existing Tax Allocation Agreement will be terminated with respect to TMMC and THSC, and any and all obligations and responsibilities of TMMC, THSC and FHP under the Existing Tax Allocation Agreement for all periods commencing prior to the Closing Date will be terminated.
TMMC and THSC have previously been parties to the FHP International Corporation and Subsidiaries Amended and Restated Tax Allocation Agreement (the "Existing Tax Allocation Agreement").
Prior to the Closing Date, the parties will settle their accounts with respect to Tax matters under the Existing Tax Allocation Agreement for all periods prior to the Closing Date, and will agree as to their respective Tax Liabilities for any Taxable periods beginning before, and ending after, the Closing Date.