Examples of Pre-Distribution Group in a sentence
Comverse shall pay, and shall indemnify and hold the CTI Indemnitees harmless from and against, without duplication, (i) all Taxes allocable to Comverse under Article II, (ii) all Taxes incurred by the CTI Pre-Distribution Group or CTI Group by reason of the breach by Comverse of any of its covenants hereunder, and (iii) any costs and expenses related to this Section 5.02 (including, without limitation, reasonable attorneys’ fees and expenses).
Notwithstanding anything to the contrary in this Agreement, this Section 5.02 shall not require Comverse to indemnify any CTI Indemnitees for the use of, or any reduction in, any Tax Attributes of the CTI Pre-Distribution Group, CTI Group or the Comverse Group.
Comverse shall be responsible for the preparation of all other Tax Returns required to be filed by the CTI Pre-Distribution Group.
Each of CTI and Comverse agrees to timely pay or cause to be timely paid all Taxes for which it is responsible pursuant to Section 2.01 (which, for the avoidance of doubt, shall not include any payment from one Party to the other for any use of, or any reduction in, any Tax Attributes of the CTI Pre-Distribution Group, CTI Group or the Comverse Group).
In a chapter 11 case, if a creditor’s proof of claim is late due to “excusable neglect,” then under Bankruptcy Rule 9006(b)(1) as applied to Bankruptcy Rule 3003(c)(3), the court has discretionary authority to allow that creditor to file a POC beyond the claims bar date.