Common use of Cash Redemption Clause in Contracts

Cash Redemption. Sibelco shall be responsible for, and shall indemnify and hold harmless Unimin and its Affiliates and each of their respective officers, directors and employees from and against, any U.S. withholding taxes (including any FIRPTA Taxes) imposed in respect of, or as a result of, the Cash Redemption, any Alternative Cash Redemption, or a combination thereof, with such indemnity being payable within two Business Days after such payment.

Appears in 1 contract

Sources: Tax Matters Agreement (Covia Holdings Corp)

Cash Redemption. Sibelco shall be responsible for, and shall indemnify and hold harmless Unimin and its Affiliates and each of their respective officers, directors and employees from and against, any U.S. withholding taxes (including any FIRPTA Taxes) imposed in respect of, or as a result of, the Cash Redemption, any Alternative Cash Redemption, or a combination thereof, with such indemnity being payable within two Business Days after such payment.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Fairmount Santrol Holdings Inc.)