No Tax Allocation, Sharing Clause Samples
The "No Tax Allocation, Sharing" clause establishes that each party is solely responsible for its own tax obligations and that taxes will not be allocated or shared between the parties involved. In practice, this means that if any taxes arise from the transaction or agreement, each party must pay its own share directly to the relevant tax authorities, and there is no mechanism for reimbursing or splitting tax liabilities. This clause is designed to prevent disputes over tax payments and to ensure that each party independently manages its tax compliance, thereby reducing the risk of unexpected financial exposure due to another party's tax issues.
No Tax Allocation, Sharing. The Acquiror Company is not and has not been a party to any Tax allocation or sharing agreement.
No Tax Allocation, Sharing. The Acquiror is not a party to any Tax allocation or sharing agreement. Other than with respect to the Tax Group of which the Acquiror is the common parent, no Acquiror Company (a) has been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of state, local or foreign law), and (b) has any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law) as a transferee or successor, by contract or otherwise.
No Tax Allocation, Sharing. The Acquiror Company is not a party to any Tax allocation or sharing agreement. Other than with respect to the Tax Group of which the Acquiror Company is the common parent, the Acquiror Company (a) has been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of state, local or foreign law), and (b) has any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law) as a transferee or successor, by contract or otherwise.
No Tax Allocation, Sharing. The Company is not a party to any Tax allocation or sharing agreement. Other than with respect to the Tax Group of which the Company is the common parent, the Company has not (a) been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of state, local or foreign law), and has no (b) liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law) as a transferee or successor, by contract or otherwise.
No Tax Allocation, Sharing. The Purchaser is not and has not been a party to any Tax allocation or sharing agreement.
No Tax Allocation, Sharing. Neither Monaker nor any its subsidiaries are party to, and have not been a party to, any Tax allocation or sharing agreement.
No Tax Allocation, Sharing. The Underlying Asset is not a party to any Tax allocation or sharing agreement. The Underlying Asset (a) has not been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of provincial, local or foreign law), and (b) does not have any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of provincial, local or foreign law) as a transferee or successor, by contract or otherwise.
No Tax Allocation, Sharing. Infinity Resources is not a party to any Tax allocation or sharing agreement. Infinity Resources (a) has not been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of provincial, local or foreign law), and (b) does not have any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of provincial, local or foreign law) as a transferee or successor, by contract or otherwise.
No Tax Allocation, Sharing. Neither NextTrip nor any of its subsidiaries is party to, and has not been a party to, any Tax allocation or sharing agreement.
No Tax Allocation, Sharing. LXRT is not and has not been a party to any Tax allocation or sharing agreement.