Common use of Sole Tax Sharing Agreement Clause in Contracts

Sole Tax Sharing Agreement. Any and all existing Tax sharing agreements or arrangements, written or unwritten, between any member of The Limited Group and any member of the Abercrombie & Fitch Group shall be terminated as of the effective date of this Agreement. As of the date of this Agreement, neither the members of the Abercrombie & Fitch Group nor the members of The Limited Group shall have any further rights or liabilities thereunder, and this Agreement shall be the sole tax sharing agreement between the members of the Abercrombie & Fitch Group and the members of The Limited Group. Notwithstanding the foregoing, if any such termination is not binding on any taxing authority, the Abercrombie & Fitch Group shall hold the affected member of The Limited Group harmless against any adverse effect which would have been avoided if such termination had been given effect by such taxing authority.

Sole Tax Sharing Agreement. Any and all existing Tax tax sharing agreements or arrangements, written or unwritten, between any member of The Limited Group and any member of the Abercrombie & Fitch Too, Inc. Group shall be terminated as of the effective date of this Agreement. As of the date of this Agreement, neither the members of the Abercrombie & Fitch Too, Inc. Group nor the members of The Limited Group shall have any further rights or liabilities thereunderunder any such preexisting tax sharing agreements, and this Agreement shall be the sole tax sharing agreement between the members of the Abercrombie & Fitch Too, Inc. Group and the members of The Limited Group. Notwithstanding the foregoing, if any such termination is not binding on any taxing authority, the Abercrombie & Fitch Too, Inc. Group shall hold the affected member of The Limited Group harmless against any adverse effect which that would have been avoided if such termination had been given effect by such taxing authority.