Common use of CREDIT FOR PRIOR TAX PAYMENTS Clause in Contracts

CREDIT FOR PRIOR TAX PAYMENTS. To the extent any member of a Tax Group has made a payment of Taxes (including estimated Taxes) on or before the Distribution Date, the party liable for paying such Taxes under this Agreement shall be entitled to treat the payment as having been paid or caused to have been paid by such party, and such party shall not be required to reimburse the party which actually paid such Taxes.

Appears in 9 contracts

Samples: Tax Allocation Agreement (CombiMatrix Corp), Tax Allocation Agreement (Mindspeed Technologies Inc), Tax Allocation Agreement (Rockwell International Corp)

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CREDIT FOR PRIOR TAX PAYMENTS. To the extent any member of a Tax Group has made a payment of Taxes (including estimated Taxes) on or before the Distribution Date, the party liable for paying such Taxes under this Agreement shall be entitled to treat the payment as having been paid or caused to have been be paid by such party, and such party shall not be required to reimburse the party which actually paid such Taxes.

Appears in 3 contracts

Samples: Enpro Industries Inc, Enpro Industries Inc, Goodrich Corp

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CREDIT FOR PRIOR TAX PAYMENTS. To the extent any member of a Tax Group has made a payment of Taxes (including estimated Taxes) on or before the Distribution Date, the party liable for paying such Taxes under this Agreement shall be entitled to treat the payment as having been paid or caused to have been paid by such party, and such party shall not be required to reimburse the party which actually paid such Taxes.

Appears in 1 contract

Samples: Tax Sharing Agreement (Ambassadors Group Inc)

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