Common use of After-Tax Indemnification Payments Clause in Contracts

After-Tax Indemnification Payments. Except as otherwise expressly provided in this Agreement, the Contribution Agreement or in an Ancillary Agreement, indemnification payments made by either party under this Article shall give effect to, and be reduced by the value of, any and all applicable deductions, losses, credits, offsets or other items for Federal, state or other Tax purposes attributable to the payment of the indemnified Liability by the Indemnified Party.

After-Tax Indemnification Payments. Except as otherwise expressly provided herein or in this any other Transaction Agreement, the Contribution Agreement or in an Ancillary Agreement, any indemnification payments payment made by either party under this Article V shall give effect to, and be reduced by the value of, any and all applicable deductions, losses, credits, offsets or other items for Federalfederal, state or other Tax tax purposes attributable to the payment of the indemnified Liability liability by the Indemnified PartyIndemnitee in a manner consistent with the treatment of tax indemnity payments under the Tax Sharing Agreement.