Common use of ZAP Clause in Contracts

ZAP. ▇▇▇ ▇▇▇ any ZAP.▇▇▇ ▇▇▇-Closing Affiliate shall be entitled to any refund of any Tax obtained by the Consolidated Group (or any member of the Consolidated Group) as a result of any audit, amendment or other change in the Tax Return as filed by the Consolidated Group or any member thereof to the extent the refund is attributable to ZAP.▇▇▇ ▇▇▇ any ZAP.▇▇▇ ▇▇▇-Closing Affiliate for any Taxable Period of the Consolidated Group ending before or including the Effective Date. Zapa▇▇ ▇▇▇l cooperate with ZAP.▇▇▇ ▇▇▇ any ZAP.▇▇▇ ▇▇▇-Closing Affiliate in obtaining such refunds, including, but not limited to, the filing of amended Tax Returns or refund claims. Zapa▇▇ ▇▇▇l immediately pay to ZAP.▇▇▇ ▇▇▇ any ZAP.▇▇▇ ▇▇▇-Closing Affiliate any Tax refund described in this Section 3.10 when such refund is received by the Zapa▇▇ ▇▇▇up. With the exception of Section 3.8, all other refunds arising from Tax Returns filed for the Consolidated Group will belong to Zapa▇▇.

Appears in 2 contracts

Sources: Tax Sharing and Indemnity Agreement (Zap Com Corp), Tax Indemnity Agreement (Zap Com Corp)