Parent Tax Group definition
Examples of Parent Tax Group in a sentence
Prior to the Distribution, the Parties shall terminate all Tax allocation or sharing agreements that are exclusively between one or more members of the Spinco Tax Group, on the one hand, and one or more members of the Parent Tax Group, on the other hand (other than this Agreement).
Parent shall timely prepare, or cause to be prepared, all Tax Returns of the Parent Tax Group and the Spinco Tax Group for any taxable period beginning before the Distribution Date other than Tax Returns described in Section 3.02.
Unless otherwise required by any Final Determination, the Parent Tax Group and the Enova Tax Group agree to treat any payment of interest or non-federal Taxes by or to a Tax Authority as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such payment.
Except as otherwise provided in this Article II, Tax Returns of Parent and any member of Parent Tax Group and Enova and any member of the Enova Tax Group shall be prepared and filed when due (including extensions) by the person obligated to file such Tax Returns under the Code or applicable Tax Law.
Parent shall be responsible for any wage or payroll withholding Taxes attributable to the exercise or vesting of options or payment of compensation described in clauses (i) and (ii) above, to the extent that such liability is a legal obligation of the Parent Tax Group as employer.
Notwithstanding anything to the contrary in this Agreement, in no event shall Parent be required to deliver a copy of, or information in respect of, any Tax Return of a Parent Tax Group (other than a group that consists exclusively of Acquired Companies).
Enova and the members of the Enova Tax Group shall be liable for, and shall indemnity and hold harmless the Parent Tax Group in accordance with Article VII from and against any liability for Taxes which are allocated to Enova or any member of the Enova Tax Group under this Article III.
Enova and the members of the Enova Tax Group shall be liable for, and shall indemnify and hold harmless the Parent Tax Group in accordance with Article VII from and against any liability for Taxes which are allocated to Enova or any member of the Enova Tax Group under this Article III.