Common use of Parent Liability Clause in Contracts

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the GRP&E/BCS Group from and against any liability for, any Taxes (whether payable to a Tax Authority or to another Person pursuant to a contractual indemnity obligation) which are allocated to Parent, or for which Parent is responsible, pursuant to this Article 2.

Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the GRP&E/BCS Group from and against any liability for: (i) any Tax resulting from a breach by Parent of any representation or covenant in the Separation and Distribution Agreement, this Agreement or any Taxes other Ancillary Agreement; and (whether payable to a ii) any Separation Tax Authority or to another Person pursuant to a contractual indemnity obligation) which are allocated to Parent, or Losses for which Parent is responsible, responsible pursuant to this Article 2Section 7.06(b).