Common use of Penalties and Interest Clause in Contracts

Penalties and Interest. Any penalties or interest imposed in connection with any Taxes described in Section 2.02(a), (b) or (c) shall be the responsibility of the Company that is responsible for the underlying Tax, unless such penalties or interest are the result of an action or failure to act by the other Company or any of its Affiliates.

Appears in 4 contracts

Samples: Tax Matters Agreement (Adient LTD), Tax Matters Agreement (Adient PLC), Tax Matters Agreement (Adient LTD)

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Penalties and Interest. Any penalties or interest imposed in connection with any Taxes described in Section 2.02(a), (b) or (c) shall be the responsibility of the Company that is responsible for the underlying Tax, unless such penalties or interest are the result of an action or failure to act by the other Company or any of its Affiliates.. Section 2.03

Appears in 1 contract

Samples: Tax Matters Agreement (Adient LTD)

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