Examples of Harbor Global Group in a sentence
At the Time of the Distribution, there shall not be outstanding any indebtedness or accounts payable or receivable between the Parent Group and the Harbor Global Group.
Any indebtedness, accounts receivable or other intercompany obligations of another nature accrued prior to the Time of Distribution between Parent and any member of the Harbor Global Group shall either be contributed as a capital contribution or otherwise contributed by Parent to a member of the Harbor Global Group.
Parent and Harbor Global hereby guarantee the performance of all actions, agreements and obligations provided for under this Tax Separation Agreement of each member of the Parent Group and the Harbor Global Group, respectively.
Subject to the other applicable provisions of this Tax Separation Agreement, Harbor Global hereby irrevocably designates, and agrees to cause each member of the Harbor Global Group to so designate, Parent as its sole and exclusive agent and attorney-in-fact to take any action, including execution of documents, as Parent, in its sole discretion, may deem appropriate in any and all matters (including Tax audits) relating to any Tax Return described in Section 2.1(a).
With respect to all Tax Returns described in Section 2.1(a), Parent shall be liable for the difference between the Separate Tax Liability of each member of the Harbor Global Group described in Section 2.4(a) and all Taxes shown as due on such Tax Returns, and shall be entitled to receive and retain all refunds or credits of Taxes attributable to such difference.
Without the prior consent of Parent, no member of the Harbor Global Group shall carry back any net operating loss or other Tax attribute from a Period After the Distribution to a Period Before the Distribution.