Common use of Group Relief Payment Clause in Contracts

Group Relief Payment. (i) No later than 90 days following the filing of any U.K. Tax Return for the accounting period in which a Group Relief is surrendered by KBR or any member of the KBR Group to Halliburton or any member of the ESG Group, Halliburton shall pay to KBR an amount equal to the product of: (x) the aggregate amount of Group Relief that was surrendered to Halliburton or any member of the ESG Group multiplied by (y) the highest U.K. Corporation Tax rate applicable to corporations at the time the Group Relief was surrendered by the member of the KBR Group.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Kbr, Inc.), Tax Sharing Agreement (Kbr, Inc.), Tax Sharing Agreement (Halliburton Co)

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Group Relief Payment. (i1) No later than 90 days following the filing of any U.K. Tax Return Return, for the accounting period in which a Group Relief is surrendered by KBR or any member of the KBR Group to Halliburton or any member of the ESG Group, Halliburton shall pay to KBR an amount equal to the product of: (x) the aggregate amount of Group Relief that was surrendered to Halliburton or any member of the ESG Group multiplied by (y) the highest U.K. Corporation Tax rate applicable to corporations at the time the Group Relief was surrendered by the member of the KBR Group.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Halliburton Co), Tax Sharing Agreement (Kbr, Inc.), Tax Sharing Agreement (Kbr, Inc.)

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