Centex Liability. Centex and each Centex Affiliate shall be responsible for one hundred percent (100%) of any Restructuring Taxes that are attributable to, or result from, any act or failure to act described in Section 4.1(a)(2) of this Agreement by Centex or any Centex Affiliate. Centex and each Centex Affiliate shall jointly and severally indemnify Cavco and their directors, officers and employees and hold them harmless from and against any such Restructuring Tax.
Appears in 3 contracts
Sources: Tax Sharing Agreement (Cavco Industries Inc), Tax Sharing Agreement (Cavco Industries Inc), Tax Sharing Agreement (Centex Development Co Lp)