Indemnified Party Tax Benefit definition

Indemnified Party Tax Benefit means, with respect to an Indemnified Party or any of its, his or her Affiliates, any increase in refund or credit for Taxes received, or any reduction in the amount of Taxes payable, in the taxable period in which the relevant Adverse Consequences occurred (or in any prior or subsequent taxable period) to the extent that such increase or reduction is permitted by relevant Tax Law and is attributable to such Adverse Consequences, with such determination of attribution to be made on a with and without basis (treating any Tax items with respect to the Adverse Consequences as the last items claimed for any taxable year).

Related to Indemnified Party Tax Benefit