Common use of Timing Adjustments Clause in Contracts

Timing Adjustments. In the event that a final determination (which shall include the execution of a Form 870-AD or successor form) results in a timing difference (e.g., an acceleration of income or delay of deductions) that would increase Seller's liability for Taxes pursuant to ARTICLE IX or this ARTICLE X or results in a timing difference (e.g., an acceleration of deductions or delay of income) that would increase Purchaser's liability for Taxes pursuant to ARTICLE IX or this ARTICLE X, Purchaser or Seller, as the case may be, will promptly make payments to Seller or Purchaser as and when Purchaser or Seller (or its Affiliates), as the case may be, actually realizes any Tax benefits as a result of such timing difference (or under such other method for determining the present value of any such anticipated Tax benefits as agreed to by the Parties).

Appears in 6 contracts

Samples: Mexican Stock Purchase Agreement (Conexant Systems Inc), Mexican Stock and Asset Purchase Agreement (Alpha Industries Inc), Mexican Stock Purchase Agreement (Skyworks Solutions Inc)

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