Common use of Fault Clause in Contracts

Fault. If such Distribution Taxes are attributable to the Fault of one or more Parties or any of their Affiliates, the responsibility for such Distribution Taxes shall reside with the Party or Parties at Fault. If more than one Party is at Fault, the responsibility for the Distribution Taxes shall be allocated equally among all of the Parties at Fault.

Appears in 12 contracts

Sources: Tax Sharing Agreement (ADT, Inc.), Tax Sharing Agreement (ADT, Inc.), Tax Sharing Agreement (Tyco International LTD)