Examples of Tronox Group in a sentence
Subject to the provisions of the Transition Services Agreement, Tronox shall be solely responsible for the preparation and filing of the Returns of the Tronox Group for all Post-Deconsolidation Periods that begin after the Deconsolidation Date.
If a Pro Forma Return reflects a Tax Asset of a member of the Tronox Group that may under applicable law be used to reduce a Federal Tax or a Combined Tax of the Distributing Group for any Pre-Deconsolidation Period, Distributing shall pay to Tronox an amount equal to the actual Tax savings produced by such Tronox Group Tax Asset at the time such Tax savings is realized by the Distributing Group.
Distributing shall have the right with respect to such Returns to determine (i) the manner in which such Returns shall be prepared and filed, including, without limitation, the manner in which any item of income, gain, loss, deduction or credit shall be reported, (ii) whether any extensions should be requested and (iii) the elections that will be made by any member of the Distributing Group or the Tronox Group.
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The applicable members of the Tronox Group will assume and discharge (or promptly reimburse Parent for) the obligations and liabilities under the relevant Parent Obtained Contracts associated with the benefits and rights assigned to or otherwise made available to them under this Section 2.3(a).
Distributing shall retain (or cause to be retained) all books and records with respect to Tax matters pertinent to any member of the Tronox Group relating to any Pre-Deconsolidation Period until the expiration of the relevant statutory period of limitations for the assessment of Tax, provided that Distributing shall consult with Tronox prior to destroying any such books and records and shall offer Tronox the opportunity to retain any such books and records after such date.
The provisions of this Article VI shall apply for as long as Parent is required to consolidate the results of operations and financial position of Tronox and any other members of the Tronox Group or to account for its investment in Tronox under the equity method of accounting (determined in accordance with GAAP and consistent with Commission reporting requirements).
The amount of any such Tax savings shall be an amount of any refund actually received from a Taxing Authority or the reduction in Taxes payable to a Taxing Authority as compared to the Taxes that would have been payable to a Taxing Authority in the absence of such Tronox Group Tax Asset.
Tronox agrees and acknowledges that Tronox shall be responsible for the performance by each member of the Tronox Group of the obligations hereunder applicable to such member.
Any and all existing tax sharing agreements or arrangements, written or unwritten, between any member of the Distributing Group and any member of the Tronox Group shall be terminated as of the date of this Agreement.