Rights Holders definition
Examples of Rights Holders in a sentence
Notwithstanding the foregoing, if a withholding obligation arises as a result of a Change of Control, any amount payable to the Rights Holders under this Agreement shall be increased such that after all required deductions and withholdings have been made (including such deductions and withholdings applicable to additional sums payable under this sentence) the Rights Holders receives an amount equal to the sum that it would have received had no such deductions or withholdings been made.
Notwithstanding anything to the contrary above, the Company and the Rights Holders agree that, absent a change in law or a contrary Determination, no tax withholding is required (and no tax withholding shall be applied) with respect to any ITR Payment [(excluding any interest payable made to the Rights Holders under this Agreement)].
This Agreement shall terminate at the time that all Tax Benefit Payments have been made to the Rights Holders under this Agreement.
Within five (5) Business Days of a Tax Benefit Schedule becoming final in accordance with Section 2.3(a), the Company shall pay to each Rights Holder for such Taxable Year its share (based on such Rights Holder’s Applicable Percentage) of the Tax Benefit Payment determined pursuant to Section 3.1(b) associated with such Tax Benefit Schedule (net of any reasonable, documented out-of-pocket expenses incurred by the Company in paying such amounts to the Rights Holders).
The amount of all or any portion of any ITR Payment not made to the Rights Holders when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate, and commencing from the date on which such ITR Payment was due and payable.