Common use of Termination of Tax Sharing Arrangements Clause in Contracts

Termination of Tax Sharing Arrangements. Any Tax Sharing Arrangement entered into by any Acquired Company, other than this Agreement, shall be terminated as to each Acquired Company on or prior to the Closing, and after the Closing no Acquired Company shall have any Liability thereunder.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Myriad Genetics Inc), Agreement and Plan of Merger (Churchill Downs Inc)

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Termination of Tax Sharing Arrangements. Any Tax Sharing Arrangement sharing arrangement entered into by either Seller or any Affiliate of Seller (other than an Acquired Company), on the one hand, and any Acquired Company, on the other than this Agreementhand, shall be terminated as to each Acquired Company on at or prior to the Closing, and after the Closing no Acquired Company shall have any Liability liability thereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Maravai Lifesciences Holdings, Inc.)

Termination of Tax Sharing Arrangements. Any All rights and obligations under Tax Sharing Arrangement entered into by any Acquired Company, other than this Agreement, sharing agreements or similar arrangements with respect to or involving the Company shall be terminated as of the Closing Date and no payments shall be made pursuant to each Acquired Company on any such agreement or prior to arrangement after the Closing; provided, however, that notwithstanding the foregoing, the Company and after Seller shall make payments under the Closing no Acquired Company shall have existing Tax sharing agreement for its share of Taxes shown on any Liability thereunderTax Return that Seller is responsible for filing pursuant to Section 7.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Overseas Partners LTD)

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Termination of Tax Sharing Arrangements. Any Tax Sharing Arrangement entered into by any Acquired CompanyAll tax-sharing agreements or similar agreements with respect to or involving Holdings, other than this Agreement, the Company and its Subsidiaries shall be terminated as to each Acquired Company on or prior to of the ClosingClosing Date and, and after the Closing no Acquired Date, Holdings, the Company and its Subsidiaries shall not be bound thereby or have any Liability liability thereunder.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Gallagher Arthur J & Co)

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