Common use of Termination of Tax Sharing Agreements Clause in Contracts

Termination of Tax Sharing Agreements. Parent hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating to the Company pursuant to any Tax sharing agreement or any similar arrangement in effect at any time before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Efficient Networks Inc)

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Termination of Tax Sharing Agreements. Parent Parent, Company and Purchaser hereby agrees agree and ------------------------------------- covenants covenant that there are and will be no obligations relating to the Company pursuant to any Tax sharing agreement or any similar arrangement arrangement, other than this Agreement, in effect at any time before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tut Systems Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating to the Company Acquired Assets pursuant to any Tax sharing agreement or any similar arrangement in effect at any time before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Acquisition Agreement (Micron Technology Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating of or to the Company pursuant to any Tax tax sharing agreement or any similar arrangement in effect at any time on or before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Intuit Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating to the Company Acquired Assets pursuant to any Tax sharing agreement or any similar arrangement in effect at any time before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Acquisition Agreement (Texas Instruments Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are any and will be no obligations relating to the Company pursuant to any all existing Tax sharing agreement agreements or similar arrange- ments, written or unwritten (other than those provided by this Agreement), binding on any similar arrangement in effect at any time of the Acquired Companies shall be terminated on or before or on the Closing Date, and any further and all rights and obligations that might otherwise have existed existing thereunder shall be extinguished as of the Closing Datefully and finally settled without payment by any party thereto.

Appears in 1 contract

Samples: Acquisition Agreement (Kiewit Peter Sons Inc)

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Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating of or to the Company Sub or its subsidiaries pursuant to any Tax tax sharing agreement or any similar arrangement in effect at any time anytime before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Synopsys Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are any and will be no obligations relating to the Company pursuant to any all existing Tax sharing agreement agreements or similar arrangements, written or unwritten (other than those provided by this Agreement), binding on any similar arrangement in effect at any time of the Acquired Companies shall be terminated on or before or on the Closing Date, and any further and all rights and obligations that might otherwise have existed existing thereunder shall be extinguished as of the Closing Datefully and finally settled without payment by any party thereto.

Appears in 1 contract

Samples: Acquisition Agreement (Calenergy Co Inc)

Termination of Tax Sharing Agreements. Parent Seller hereby agrees and ------------------------------------- covenants that there are and will be no obligations relating to the Company pursuant to any Tax sharing agreement or any similar arrangement in effect at any time before or on the Closing Date, and any further obligations that might otherwise have existed thereunder shall be extinguished as of the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Usi Holdings Corp)

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