Common use of Parent Liability Clause in Contracts

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the UpstreamCo Group from and against any liability for: (i) any Tax resulting from a breach by Parent of any representation or covenant in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement; and (ii) any Separation Tax Losses for which Parent is responsible pursuant to Section 7.06(b) of this Agreement.

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the UpstreamCo Group from and against any liability for: (i) , any Tax resulting from a breach by Parent of any representation Taxes which are allocated to Parent, or covenant in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement; and (ii) any Separation Tax Losses for which Parent is responsible responsible, pursuant to Section 7.06(b) of this AgreementArticle 2.