Definition of Tax Protection Agreements

  1. Tax Protection Agreements means any written agreement to which any Group Company, any Contributor or any of their respective Affiliates is a party pursuant to which: (a) any Group Company, any Contributor or any of their respective Affiliates is liable for the payment, reimbursement or indemnification of the Taxes of any other Person in the event of a taxable disposition of property previously contributed by such Person in a transaction intended to qualify under Section 721(a) of the Code (a "Section 721 Contribution") or (b) in connection with a Section 721 Contribution by such Person, any Group Company, any Contributor or any of their respective Affiliates has agreed to (i) maintain a minimum level of debt in aggregate or maintain a particular debt obligation, (ii) allocate a certain amount of indebtedness to such Person, or (iii) retain or not dispose of assets for a period of time that has not since expired.

Examples of Tax Protection Agreements in a sentence

  1. Schedule 3.14(r outlines the impact of, and restrictions imposed by, the Tax Protection Agreements on all Funded Indebtedness, including without limitation, a schedule of all guarantees entered into pursuant to, or in connection with, a Tax Protection Agreement.

Definition of Tax Protection Agreements in Contribution Agreement

Tax Protection Agreements means any written agreement to which any Group Company, any Contributor or any of their respective Affiliates is a party pursuant to which: (a) any Group Company, any Contributor or any of their respective Affiliates is liable for the payment, reimbursement or indemnification of the Taxes of any other Person in the event of a taxable disposition of property previously contributed by such Person in a transaction intended to qualify under Section 721(a) of the Code (a "Section 721 Contribution") or (b) in connection with a Section 721 Contribution by such Person, any Group Company, any Contributor or any of their respective Affiliates has agreed to (i) maintain a minimum level of debt in aggregate or maintain a particular debt obligation, (ii) allocate a certain amount of indebtedness to such Person, or (iii) retain or not dispose of assets for a period of time that has not since expired.