Tax Assets Sample Clauses
The 'Tax Assets' clause defines the treatment and allocation of tax-related benefits, such as credits, deductions, or refunds, that arise from the ownership or operation of certain assets. In practice, this clause specifies which party is entitled to claim these tax benefits, often in the context of a transaction or partnership, and may outline procedures for reporting or transferring such benefits. Its core function is to prevent disputes by clearly assigning rights to valuable tax advantages, ensuring both parties understand their entitlements and obligations regarding tax matters related to the assets.
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Tax Assets. All Tax assets (including duty and Tax refunds and prepayments) of Seller or any of its Affiliates (excluding LicenseCo); and
Tax Assets. If a redetermination results in an additional Tax Asset of the WhiteWave Group that does not reduce any WhiteWave Group Federal Income Tax Liability or WhiteWave Group Combined Tax Liability, then Xxxx Foods shall pay WhiteWave, at the time such Tax Asset is used, the amount by which such additional Tax Asset reduces the Federal Income Tax liability or Non-Federal Income Tax liability of the Consolidated Group or Combined Group, as applicable, in accordance with the principles set forth in Sections 3.5(d) and 3.6(b) (to the extent no payment is required for such Tax Asset under such sections).
Tax Assets. Xxxxxx shall advise Spinco in writing within 90 days after the filing of the Consolidated Return for the taxable year that includes the Distribution Date of the allocation of any Tax Assets among Xxxxxx, each Xxxxxx Affiliate, Spinco, and each Spinco Affiliate. The parties hereby agree that, for purposes of determining such allocation, Xxxxxx shall be free to use any legally permissible method of allocation in its sole discretion.
Tax Assets. If a redetermination results in an additional Tax Asset of the Spyglass Group that does not reduce any Spyglass Group Federal Income Tax Liability or Spyglass Group Combined Tax Liability, then Dell shall pay Spyglass, at the time such Tax Asset is used, the amount by which such additional Tax Asset reduces the Federal Income Tax liability or non-Federal Income Tax liability of the Consolidated Group or Combined Group, as applicable, in accordance with the principles set forth in Section 3.05(d) and Section 3.06(b) (to the extent no payment is required for such Tax Asset under such sections).
Tax Assets. Xxxxxx shall advise Xxxxxxx in writing within 90 days after the filing of the Consolidated Return for the taxable year that includes the Deconsolidation Date of the allocation of any Tax Assets among Xxxxxx, each Xxxxxx Affiliate, Xxxxxxx, and each Xxxxxxx Affiliate. The parties hereby agree that, for purposes of determining such allocation, Xxxxxx shall be free to use any legally permissible method of allocation in its sole discretion.
Tax Assets. All tax assets, including operating losses, capital losses and credits, attributed to Rafael’s assets or operations, in existence as of the effective date of the Spinoff shall remain with Xxxxxx for Xxxxxx to utilize in its discretion and in accordance with the terms hereof. IDT shall not have right or access to any such tax assets, and Xxxxxx shall not have any right or access to any tax assets of IDT or any other member of IDT’s Affiliated Group (other than Xxxxxx and its subsidiaries. Nothing in this Agreement shall impact the ownership or use of tax assets held by entities in which Xxxxxx holds a direct or indirect interest as of the Distribution Date.
Tax Assets. If a Pro Forma Return reflects a Tax Asset of a member of the Tronox Group that may under applicable law be used to reduce a Federal Tax or a Combined Tax of the Distributing Group for any Pre-Deconsolidation Period, Distributing shall pay to Tronox an amount equal to the actual Tax savings produced by such Tronox Group Tax Asset at the time such Tax savings is realized by the Distributing Group. The amount of any such Tax savings shall be an amount of any refund actually received from a Taxing Authority or the reduction in Taxes payable to a Taxing Authority as compared to the Taxes that would have been payable to a Taxing Authority in the absence of such Tronox Group Tax Asset.
Tax Assets. If a Pro Forma Return reflects a Tax Asset that may under applicable law be used to reduce a Federal Tax or Combined State Tax liability of any member of The Limited Group for any taxable period, The Limited shall pay to Too, Inc. an amount equal to the actual tax saving (which would include refunds actually received) produced by such Tax Asset at the time such tax saving is realized and the future Pro Forma Returns of the Too, Inc. Group shall be adjusted to reflect such use. The amount of any such tax saving for any taxable period shall be the amount of the reduction in taxes payable to a taxing authority with respect to such taxable period as compared to the taxes that would have been payable to a taxing authority with respect to such taxable period in the absence of such Tax Asset.
Tax Assets. All tax assets, including operating losses, capital losses and credits, attributed to Zedge’s assets or operations, in existence as of the effective date of the Spinoff shall remain with Zedge for Zedge to utilize in its discretion and in accordance with the terms hereof. IDT shall not have right or access to any such tax assets, and Zedge shall not have any right or access to any tax assets of IDT or any other member of IDT’s Affiliated Group (other than Zedge and its subsidiaries.
Tax Assets. All Tax credits, Tax refunds, Tax reclaim rights and other Tax assets of any member of the Seller Group or any of their respective Affiliates with respect to Seller Taxes;