Effect on TRA Sample Clauses
Effect on TRA. Each of Vantiv and each exercising TRA Party hereby acknowledges and agrees that upon receipt by such TRA Party of the amount to be paid to such TRA Party in accordance with Section 4.3(c) above, NPC’s payment obligations to such TRA Party under the TRA with respect to such TRA Party’s Percentage Interest of twenty percent (20%) of the 743(b) Tax Items available in the 2018 Covered Taxable Year and all future Covered Taxable Years (including any net operating losses or other tax attributes attributable to such portion of the 743(b) Tax Items for such Covered Taxable Years) shall be terminated and settled in full.
Effect on TRA. The TRA Holders and the Company acknowledge and agree that, except for Section 7.4 (Governing Law) and Section 7.13 (Confidentiality) of the TRA (the “Surviving TRA Terms”), the TRA (including any rights or obligations relating to any “Early Termination Payment” as defined and contemplated therein) shall be terminated as of the date hereof, and no party thereto shall have any further liability or obligations thereunder or with respect thereto other than those with respect to the Surviving TRA Terms and the obligations set forth in this Agreement.
Effect on TRA. Each of Vantiv and each exercising TRA Party hereby acknowledges and agrees that upon receipt by such TRA Party of the amount to be paid to such TRA Party in accordance with Section 4.1(c) above, NPC’s payment obligations to such TRA Party under the TRA with respect to such TRA Party’s Percentage Interest of (i) twenty percent (20%) of the 743(b) Tax Items available in the 2016 Covered Taxable Year and all future Covered Taxable Years (including any net operating losses or other tax attributes attributable to such portion of the 743(b) Tax Items for such Covered Taxable Years), and (ii) all of the NOLs available in the 2016 Covered Taxable Year and all future Covered Taxable Years shall be terminated and settled in full.
Effect on TRA. The TRA Holders and the Company acknowledge and agree that, except for 7.4 (Governing Law) and 7.13 (Confidentiality) of the TRA (the “Surviving TRA Terms”), the TRA shall be terminated in its entirety as of, and conditioned upon, the Closing (as defined in the Merger Agreement) and the payment in full of the Termination Payment, and no party shall have any further liability or obligations thereunder or with respect thereto other than those with respect to the Surviving TRA Terms and the obligations set forth in this Agreement. In the event the Merger Agreement is terminated prior to such Closing (as defined in the Merger Agreement) having occurred, this Agreement shall be void ab initio and of no force and effect and the TRA shall remain in full force and effect. Prior to the Closing, this Agreement shall not have any effect on the rights and obligations of the parties to the TRA set forth in the TRA.