MPC Taxes definition
MPC Taxes means all liability for income Taxes in respect of sales of MPC Assets sold prior to the date of this Agreement.
Examples of MPC Taxes in a sentence
The Parties acknowledge that they are entering into this Agreement to resolve the Disputes, to fully satisfy and resolve GGP’s Indemnity Obligation for MPC Taxes and Interest and to resolve any and all other disputes between the Parties as of the Effective Date regarding MPC Taxes and indemnity for MPC Taxes, and that nothing contained herein shall be construed to be an admission of liability.
In exchange for the Cash Payment and the Property Conveyance, GGP’s Indemnity Obligation for MPC Taxes and Interest shall be fully satisfied and resolved.