Common use of No Tax Allocation, Sharing Clause in Contracts

No Tax Allocation, Sharing. The Acquiror Company is not a party to any Tax allocation or sharing agreement. Other than with respect to the Tax Group of which the Acquiror Company is the common parent, the Acquiror Company (a) has been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of state, local or foreign law), and (b) has any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law) as a transferee or successor, by contract or otherwise.

Appears in 8 contracts

Sources: Securities Purchase Agreement (Predictive Technology Group, Inc.), Share Exchange Agreement (Advanced Medical Institute Inc.), Share Exchange Agreement (Yarraman Winery, Inc.)

No Tax Allocation, Sharing. The Acquiror Company is not a party to any Tax allocation or sharing agreement. Other than with respect to the Tax Group of which the Acquiror Company is the common parent, the The Acquiror Company (a) has never been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar provision of state, local or foreign law), and (b) has does not have any liability for Taxes for any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or foreign law) or as a transferee or successor, by contract or otherwise.

Appears in 1 contract

Sources: Share Exchange Agreement (China Biologic Products, Inc.)