Common use of Separate Return Adjustments Clause in Contracts

Separate Return Adjustments. If there is an adjustment to a separate Tax Return of EWS and/or EWS Affiliates, or SNI and/or SNI Affiliates, as the case may be, that results in the inclusion in income in such Tax Return of income attributable to the other group of companies, and the recipient thereby incurs an Income Tax Detriment, SNI shall pay to EWS or EWS shall pay to SNI, as the case may be, an amount equal to such Income Tax Detriment (including any interest, penalties and additions to Tax) within thirty (30) business days after the Final Determination of such Income Tax Detriment.

Appears in 3 contracts

Sources: Tax Allocation Agreement (Scripps Networks Interactive, Inc.), Tax Allocation Agreement (Scripps Networks Interactive, Inc.), Tax Allocation Agreement (Scripps E W Co /De)