{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jhVhSNU5wVi", "uri": "/contracts/jhVhSNU5wVi#internal-spin-off", "label": "Tax Sharing Agreement", "score": 31.3408622742, "published": true}, {"hash": "ey7D5YT6vNT", "uri": "/contracts/ey7D5YT6vNT#internal-spin-off", "label": "Tax Sharing Agreement (Marathon Petroleum Corp)", "score": 22.3963031769, "published": true}, {"hash": "1hrDiobtp6f", "uri": "/contracts/1hrDiobtp6f#internal-spin-off", "label": "Tax Sharing Agreement (Marathon Petroleum Corp)", "score": 20.3223819733, "published": true}], "snippet": "shall have the meaning set forth in the recitals to this Agreement.", "size": 5, "snippet_links": [{"key": "the-recitals", "type": "clause", "offset": [36, 48]}, {"key": "to-this-agreement", "type": "clause", "offset": [49, 66]}], "hash": "98efc113c4b4f626a951000628637417", "id": 1}, {"samples": [{"hash": "ct8uyVs9dmV", "uri": "/contracts/ct8uyVs9dmV#internal-spin-off", "label": "Tax Sharing Agreement (Babcock & Wilcox Enterprises, Inc.)", "score": 26.5879535675, "published": true}, {"hash": "bU8yGCxIUDW", "uri": "/contracts/bU8yGCxIUDW#internal-spin-off", "label": "Tax Sharing Agreement (Babcock & Wilcox Enterprises, Inc.)", "score": 24.3826141357, "published": true}, {"hash": "gB9navu9wG6", "uri": "http://d1lge852tjjqow.cloudfront.net/CIK-0001630805/97e70d17-5b6d-4716-9311-7ac0277000f0.pdf", "label": "d1lge852tjjqow.cloudfront.net", "score": 10.1704311371, "published": false}], "snippet": "means a distribution of the stock of one member of the Remainco Group (including, for this purpose, the Spinco Group) by another member prior to the External Distribution in order to effect the Separation.", "size": 4, "snippet_links": [{"key": "distribution-of", "type": "clause", "offset": [8, 23]}, {"key": "the-stock", "type": "clause", "offset": [24, 33]}, {"key": "member-of-the", "type": "clause", "offset": [41, 54]}, {"key": "remainco-group", "type": "definition", "offset": [55, 69]}, {"key": "spinco-group", "type": "clause", "offset": [104, 116]}, {"key": "the-external-distribution", "type": "clause", "offset": [145, 170]}, {"key": "in-order-to", "type": "clause", "offset": [171, 182]}, {"key": "the-separation", "type": "clause", "offset": [190, 204]}], "hash": "0459a08c42f0c1cd95944a797859de38", "id": 2}, {"samples": [{"hash": "dE5cGF0astT", "uri": "/contracts/dE5cGF0astT#internal-spin-off", "label": "Tax Sharing Agreement (Trimas Corp)", "score": 26.508556366, "published": true}, {"hash": "2ZjmEM4qKWw", "uri": "/contracts/2ZjmEM4qKWw#internal-spin-off", "label": "Tax Sharing Agreement (Horizon Global Corp)", "score": 24.4401092529, "published": true}, {"hash": "9fzyGHj7NmF", "uri": "/contracts/9fzyGHj7NmF#internal-spin-off", "label": "Tax Sharing Agreement (Horizon Global Corp)", "score": 24.3990421295, "published": true}], "snippet": "means a distribution of the stock of one member of the TriMas Group (including, for this purpose, the Horizon Group) by another member prior to the External Distribution in order to effect the Separation.", "size": 4, "snippet_links": [{"key": "distribution-of", "type": "clause", "offset": [8, 23]}, {"key": "the-stock", "type": "clause", "offset": [24, 33]}, {"key": "member-of-the", "type": "clause", "offset": [41, 54]}, {"key": "trimas-group", "type": "definition", "offset": [55, 67]}, {"key": "horizon-group", "type": "definition", "offset": [102, 115]}, {"key": "the-external-distribution", "type": "clause", "offset": [144, 169]}, {"key": "in-order-to", "type": "clause", "offset": [170, 181]}, {"key": "the-separation", "type": "clause", "offset": [189, 203]}], "hash": "c49c8c81ad63e37d0c006b2ebd325175", "id": 3}, {"samples": [{"hash": "in61dmFVjOf", "uri": "/contracts/in61dmFVjOf#internal-spin-off", "label": "Separation and Distribution Agreement (Herc Holdings Inc)", "score": 27.5106086731, "published": true}, {"hash": "fhIPKKE8UVZ", "uri": "/contracts/fhIPKKE8UVZ#internal-spin-off", "label": "Separation and Distribution Agreement (Hertz Rental Car Holding Company, Inc.)", "score": 27.3819293976, "published": true}, {"hash": "dSmFwnGH04f", "uri": "https://ir.hertz.com/static-files/73da2f57-263d-472a-ab91-64191f826469", "label": "Amendment", "score": 13.6009578705, "published": false}], "snippet": "means all of the transactions described in Annex A of the document entitled \u201cDetailed Transaction Steps,\u201d dated as of the date of this Agreement, exchanged between New Hertz Holdings and HERC Holdings.", "size": 4, "snippet_links": [{"key": "the-transactions", "type": "clause", "offset": [13, 29]}, {"key": "annex-a", "type": "clause", "offset": [43, 50]}, {"key": "transaction-steps", "type": "clause", "offset": [86, 103]}, {"key": "dated-as-of", "type": "definition", "offset": [106, 117]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [122, 144]}, {"key": "new-hertz", "type": "definition", "offset": [164, 173]}, {"key": "herc-holdings", "type": "definition", "offset": [187, 200]}], "hash": "7e266a0936346608014b5ffd295fcb6e", "id": 4}, {"samples": [{"hash": "gpr6LjwmRTa", "uri": "/contracts/gpr6LjwmRTa#internal-spin-off", "label": "Tax Sharing Agreement (Navient Corp)", "score": 25.3312797546, "published": true}, {"hash": "9eg9l9huniW", "uri": "/contracts/9eg9l9huniW#internal-spin-off", "label": "Tax Sharing Agreement (SLM Corp)", "score": 25.3312797546, "published": true}, {"hash": "6V2ENN9TWZV", "uri": "/contracts/6V2ENN9TWZV#internal-spin-off", "label": "Tax Sharing Agreement (Navient Corp)", "score": 25.232717514, "published": true}], "snippet": "has the meaning set forth in the Ruling Request.", "size": 4, "snippet_links": [{"key": "ruling-request", "type": "clause", "offset": [33, 47]}], "hash": "619a0269c6b4eac76cfc79de0f13efa7", "id": 5}, {"samples": [{"hash": "kFEceKPJlpW", "uri": "/contracts/kFEceKPJlpW#internal-spin-off", "label": "Tax Sharing Agreement (California Resources Corp)", "score": 25.9144420624, "published": true}, {"hash": "g477IFR6Zhv", "uri": "/contracts/g477IFR6Zhv#internal-spin-off", "label": "Tax Sharing Agreement (Occidental Petroleum Corp /De/)", "score": 25.9144420624, "published": true}, {"hash": "1lw8X7ibIFO", "uri": "/contracts/1lw8X7ibIFO#internal-spin-off", "label": "Tax Sharing Agreement (California Resources Corp)", "score": 25.7227916718, "published": true}], "snippet": "has the meaning set forth in the Recitals of this Agreement.", "size": 3, "snippet_links": [{"key": "the-recitals", "type": "clause", "offset": [29, 41]}, {"key": "this-agreement", "type": "clause", "offset": [45, 59]}], "hash": "3aa03c88bf994fa65994cd1b1573c840", "id": 6}, {"samples": [{"hash": "4nxyV2cbOvT", "uri": "/contracts/4nxyV2cbOvT#internal-spin-off", "label": "Separation and Distribution Agreement (California Resources Corp)", "score": 25.9144420624, "published": true}, {"hash": "19hAWhYsMVX", "uri": "/contracts/19hAWhYsMVX#internal-spin-off", "label": "Separation and Distribution Agreement (Occidental Petroleum Corp /De/)", "score": 25.9144420624, "published": true}], "snippet": "shall have the meaning set forth in the Recitals.", "size": 3, "snippet_links": [{"key": "the-recitals", "type": "clause", "offset": [36, 48]}], "hash": "aed8450461c17a3cac4ce1934599e378", "id": 7}, {"samples": [{"hash": "gYWA2QV9It", "uri": "/contracts/gYWA2QV9It#internal-spin-off", "label": "Tax Matters Agreement (Versigent PLC)", "score": 37.2464065708, "published": true}, {"hash": "2ZEkCYyamm2", "uri": "/contracts/2ZEkCYyamm2#internal-spin-off", "label": "Tax Matters Agreement (Versigent LTD)", "score": 37.1286773682, "published": true}], "snippet": "means the transactions undertaken pursuant to the Separation and comprising the U.S. Group Separation as set forth on Schedule B.", "size": 2, "snippet_links": [{"key": "the-transactions", "type": "clause", "offset": [6, 22]}, {"key": "the-separation", "type": "clause", "offset": [46, 60]}, {"key": "the-us", "type": "clause", "offset": [76, 83]}, {"key": "on-schedule", "type": "definition", "offset": [115, 126]}], "hash": "e58d02b0741617283529d58e5a46442d", "id": 8}, {"samples": [{"hash": "eT1xOGtvGA0", "uri": "/contracts/eT1xOGtvGA0#internal-spin-off", "label": "Tax Sharing Agreement (NCR Corp)", "score": 21.0, "published": true}, {"hash": "5a0Rl5OX8Z", "uri": "/contracts/5a0Rl5OX8Z#internal-spin-off", "label": "Tax Sharing Agreement (Teradata Corp /De/)", "score": 21.0, "published": true}], "snippet": "shall have the meaning ascribed to it in the Ruling Request that culminated in the Ruling received by NCR on or before the date hereof. For the avoidance of doubt, NCR International, Inc. is the distributing corporation in the Internal Spin-Off, and Teradata is the controlled corporation in the Internal Spin-Off.", "size": 2, "snippet_links": [{"key": "ruling-request", "type": "clause", "offset": [45, 59]}, {"key": "received-by", "type": "definition", "offset": [90, 101]}, {"key": "date-hereof", "type": "clause", "offset": [123, 134]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [136, 162]}, {"key": "internal-spin", "type": "definition", "offset": [227, 240]}], "hash": "1533eb18a2f57c6d09327f3ca3a2ff72", "id": 9}, {"samples": [{"hash": "egPVfLTSkRE", "uri": "/contracts/egPVfLTSkRE#internal-spin-off", "label": "Tax Sharing Agreement (Piper Jaffray Companies)", "score": 18.0, "published": true}, {"hash": "1I1Iga8NeGj", "uri": "/contracts/1I1Iga8NeGj#internal-spin-off", "label": "Tax Sharing Agreement (Piper Jaffray Companies)", "score": 18.0, "published": true}], "snippet": "means the distribution by PJC of all the stock of SpinCo to its sole shareholder, Parent.", "size": 2, "snippet_links": [{"key": "the-distribution", "type": "clause", "offset": [6, 22]}, {"key": "the-stock", "type": "clause", "offset": [37, 46]}, {"key": "sole-shareholder", "type": "clause", "offset": [64, 80]}], "hash": "d07e7d54a2609e8e0c15fd485694da70", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIaaW50ZXJuYWwtc3Bpbi1vZmYjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Internal Spin-Off", "snippet": "shall have the meaning set forth in the recitals to this Agreement.", "size": 35, "id": "internal-spin-off", "examples": ["All sales, use, transfer, real property transfer, intangible, recordation, registration, documentary, stamp or similar Taxes (\u201cTransfer Taxes\u201d) applicable to, or resulting from the Internal Restructuring, the <strong>Internal Spin-Off</strong> and the External Spin-Off will be borne fifty percent (50%) by OPC and fifty percent (50%) by CRC.", "The parties intend for the Internal Restructuring to qualify for tax-free treatment as described in the Tax Opinions, and for each of the <strong>Internal Spin-Off</strong> and the External Spin-Off to qualify for tax-free treatment under Sections 355, 361, and/or 368(a)(1)(D), and related provisions of the Code pursuant to which gain or loss is not recognized by Sub 1, OPC, or OPC\u2019s stockholders (such tax-free treatment, the \u201cTax-Free Status\u201d).", "Each of OPC and CRC represents that, as of the date of this Agreement, it knows of no fact (after due inquiry) that may cause the Tax treatment of the <strong>Internal Spin-Off</strong> or the External Spin-Off to be other than that contemplated in the Separation and Distribution Agreement and the Tax Opinion.", "On the terms and subject to the conditions set forth in this Agreement and pursuant to a contribution agreement, prior to the First <strong>Internal Spin-Off</strong>, SDS shall effect the Contribution.", "In connection with the <strong>Internal Spin-Off</strong> and External Spin-Off certain assets and liabilities of these Separate Units were or will be transferred to the Teradata Group.", "Each of OPC and CRC covenants and agrees that it will not take, and will cause its respective affiliates to refrain from taking, any position on a Tax Return that is inconsistent with the Tax-Free Status of the <strong>Internal Spin-Off</strong> and the External Spin-Off.", "For U.S. federal income tax purposes, the <strong>Internal Spin-Off</strong> and the External Spin-Off are each intended to qualify as tax-free transactions under Sections 355, 361(a) and/or 368(a)(1)(D) of the Code.", "Except to the extent otherwise required by applicable Tax law, any indemnity payment hereunder shall be treated, for all Tax purposes, as made immediately before the First <strong>Internal Spin-Off</strong> (i) as a distribution by AS Spinco to SDS, if made pursuant to Section 4.01(a), and (ii) as a contribution by SDS to AS Spinco, if made pursuant to Section 4.01(b)."], "related": [["internal-distribution", "Internal Distribution", "Internal Distribution"], ["internal-reorganization", "Internal Reorganization", "Internal Reorganization"], ["spin-off", "Spin-Off", "Spin-Off"], ["internal-use", "Internal Use", "Internal Use"], ["internal-waters", "internal waters", "internal waters"]], "related_snippets": [], "updated": "2026-04-03T05:45:28+00:00"}, "json": true, "cursor": ""}}