Common use of Tax Benefit Clause in Contracts

Tax Benefit. If any loss or cost for which the Sellers is liable under this Agreement is a tax-deductible item, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year.

Appears in 1 contract

Samples: Share Purchase Agreement (Millipore Corp /Ma)

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Tax Benefit. If any loss or cost for which the Sellers is are liable under this Agreement is a tax-deductible itemfor the Purchaser and/or the Group Companies (as relevant), the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during at the relevant fiscal yeartime of the compensation, as applicable, provided that the Purchaser or Group Company actually has benefitted from such tax deductible.

Appears in 1 contract

Samples: Share Purchase Agreement (Coupa Software Inc)

Tax Benefit. If any loss or cost Loss for which the Sellers any Seller is liable under this Agreement is a tax-deductible itemitem for the Buyer or any Group Company, the recoverable loss or cost shall be reduced by an amount equivalent to the loss Tax saving or cost multiplied by benefit that is actually enjoyed of the corporate tax rate applicable in Buyer or the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year(as applicable).

Appears in 1 contract

Samples: Share Purchase Agreement (NaaS Technology Inc.)

Tax Benefit. If any loss or cost for which the Sellers is are liable under this Agreement is a tax-deductible itemdeductible, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company during the relevant fiscal year, but only to the extent the recoverable loss or cost is tax deductible in the taxable year in which such indemnity payment is made.

Appears in 1 contract

Samples: Share Purchase Agreement (Perkinelmer Inc)

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Tax Benefit. If any loss or cost for which the Sellers Seller is liable under this Agreement is a tax-deductible item, the recoverable loss or cost shall be reduced by an amount equivalent to the loss or cost multiplied net cash tax benefit actually realized by the corporate tax rate applicable in the relevant jurisdiction of the Purchaser or Group Company any of its Affiliates during or prior to the relevant fiscal year of the indemnity payment, treating such Tax items attributable to the Loss as the last items claimed for any taxable year.

Appears in 1 contract

Samples: Share Purchase Agreement (Baxter International Inc)

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