Examples of Seattle Group in a sentence
Houston shall be liable for, and shall indemnify and hold harmless the Seattle Group from and against (x) any liability for Houston Taxes and (y) any Distribution Tax-Related Losses for which Houston is responsible pursuant to Section 7.02.
In furtherance thereof, in the event of any dispute or disagreement (a “Dispute”) between any member of the Houston Group and any member of the Seattle Group as to the interpretation of any provision of this Agreement or the performance of obligations hereunder, the Tax departments of the Companies shall negotiate in good faith to resolve the Dispute.
Houston shall reasonably determine in good faith, and advise Seattle in writing, of the amount of any Tax Attributes arising in a Pre-Distribution Period that shall be allocated or apportioned to the Seattle Group under applicable Law, provided that this Section 3.07 shall not be construed as obligating Houston to undertake an “earnings & profits study” or similar determinations.
If, at any time, Houston or Seattle acquires or creates one or more Affiliates that are includable in the Houston Group or Seattle Group, as the case may be, they shall be subject to this Agreement and all references to the Houston Group or Seattle Group, as the case may be, herein shall thereafter include a reference to such Affiliates.
Each member of the Houston Group shall execute and deliver to Seattle (or such member of the Seattle Group as Seattle shall designate) any power of attorney or other similar document requested by Seattle (or such designee) in connection with any Tax Contest (as to which Seattle is the Controlling Company) described in this Section 10.
The Houston Group and the Seattle Group agree to compute all Taxes for Post-Distribution Periods consistently with the determination of the allocation of Tax Attributes pursuant to this Section 3.07 unless otherwise required by a Final Determination.
As of the date hereof, (i) all prior intercompany Tax allocation agreements or arrangements between one or more members of the Houston Group, on the one hand, and one or more members of the Seattle Group, on the other hand, shall be terminated; and (ii) amounts due under such agreements as of the date hereof shall be settled as of the date hereof.
Notwithstanding any other provision of this Agreement, upon Seattle’s reasonable request, Houston shall promptly make available to Seattle (except as may otherwise be set forth in a Service Schedule, at Seattle’s expense for any reasonable actual, third-party out-of-pocket costs of Houston incurred in connection therewith) any and all Seattle Group data (complete and unaltered) possessed by or under the control of any member of the Houston Group as a result of its performance of any Services hereunder.
In the event that a member of the Houston Group, on the one hand, or a member of the Seattle Group, on the other hand, suffers a Tax detriment as a result of a Transfer Pricing Adjustment, the Companies shall cooperate pursuant to this Section 8 to seek any competent authority relief that may be available with respect to such Transfer Pricing Adjustment.
Each member of the Seattle Group shall execute and deliver to Houston (or such member of the Houston Group as Houston shall designate) any power of attorney or other similar document reasonably requested by Houston (or such designee) in connection with any Tax Contest (as to which Houston is the Controlling Company) described in this Section 10.