Crystallization. Notwithstanding the foregoing ARTICLE III, for each Taxable Year ending on or after the date of a PubCo Change of Control, all Tax Benefit Payments shall be (a) calculated by utilizing the Valuation Assumptions, substituting in each case the term “the date of a PubCo Change of Control” for “Early Termination Effective Date” and (b) paid to each relevant TRA Party on the dates and in the amounts otherwise provided in this ARTICLE III.
Appears in 2 contracts
Sources: Tax Receivable Agreement (WaterBridge Infrastructure LLC), Tax Receivable Agreement (WaterBridge Infrastructure LLC)