Common use of Gain Recognition Agreements Clause in Contracts

Gain Recognition Agreements. SpinCo will not take any action (including the sale or disposition of any stock, securities or other assets), or permit its Affiliates to take any such action, and SpinCo will not fail to take any action, or permit its Affiliates to fail to take any action, that would cause Parent or any of its Affiliates or SpinCo or any of its Affiliates to recognize gain under any Gain Recognition Agreement.

Appears in 9 contracts

Samples: Tax Matters Agreement (General Electric Co), Tax Matters Agreement (Kyndryl Holdings, Inc.), Tax Matters Agreement (GE Vernova Inc.)

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Gain Recognition Agreements. SpinCo will not take any action (including the sale or disposition of any stock, securities or other assets), or permit its Affiliates to take any such action, and SpinCo will not fail to take any action, action or permit its Affiliates to fail to take any action, action that would cause Parent HII or any of its Affiliates or SpinCo or any of its Affiliates to recognize gain under any Gain Recognition Agreement.

Appears in 7 contracts

Samples: Tax Matters Agreement (Resideo Technologies, Inc.), Tax Matters Agreement (Resideo Technologies, Inc.), Tax Matters Agreement (Garrett Transportation Systems Inc.)

Gain Recognition Agreements. SpinCo will not take any action (including the sale or disposition of any stock, securities securities, or other assets), or permit its Affiliates to take any such action, and SpinCo will not fail to take any action, or permit its Affiliates to fail to take any action, that would cause Parent or any of its Affiliates or SpinCo or any of its Affiliates to recognize gain under any Gain Recognition Agreement., including those listed on Schedule D.

Appears in 1 contract

Samples: Tax Matters Agreement (Phinia Inc.)

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Gain Recognition Agreements. SpinCo will not take any action (including the sale or disposition of any stock, securities securities, or other assets), or permit its Affiliates to take any such action, and SpinCo will not fail to take any action, or permit its Affiliates to fail to take any action, that would cause Parent or any of its Affiliates or SpinCo or any of its Affiliates to recognize gain under any Gain Recognition Agreement., including those listed on Schedule C.

Appears in 1 contract

Samples: Tax Matters Agreement (Phinia Inc.)

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