Common use of Controlling Party Clause in Contracts

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer (or the appropriate member of its Group) shall be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer (x) acknowledges to the Preparer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer evidence (that is satisfactory to the Preparer as determined in the Preparer’s reasonable discretion) of the Non-Preparer’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer shall be treated as the Non-Controlling Party.

Appears in 5 contracts

Samples: Tax Disaffiliation Agreement (AMC Networks Inc.), Tax Disaffiliation Agreement (Cablevision Systems Corp /Ny), Tax Disaffiliation Agreement (AMC Networks Inc.)

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Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer (or the appropriate member of its Group) shall be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision LGL shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer (x) acknowledges to the Preparer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer evidence (that is satisfactory to the Preparer as determined in the Preparer’s reasonable discretion) of the Non-Preparer’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer shall be treated as the Non-Controlling Party.

Appears in 5 contracts

Samples: Tax Indemnity and Sharing Agreement (M-Tron Industries, Inc.), Tax Indemnity and Sharing Agreement (M-Tron Industries, Inc.), Tax Indemnity and Sharing Agreement (M-Tron Industries, Inc.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer (or the appropriate member of its Group) shall be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision GAMCO shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer (x) acknowledges to the Preparer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer evidence (that is satisfactory to the Preparer as determined in the Preparer’s reasonable discretion) of the Non-Preparer’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer shall be treated as the Non-Controlling Party.

Appears in 3 contracts

Samples: Tax Indemnity and Sharing Agreement (Associated Capital Group, Inc.), Tax Indemnity and Sharing Agreement (Gamco Investors, Inc. Et Al), Tax Indemnity and Sharing Agreement (Associated Capital Group, Inc.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision MSG Entertainment shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.

Appears in 3 contracts

Samples: Tax Disaffiliation Agreement (MSGE Spinco, Inc.), Tax Disaffiliation Agreement (Madison Square Garden Entertainment Corp.), Tax Disaffiliation Agreement (MSGE Spinco, Inc.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision Networks shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.

Appears in 3 contracts

Samples: Tax Disaffiliation Agreement (Madison Square Garden Co), Tax Disaffiliation Agreement (MSG Spinco, Inc.), Tax Disaffiliation Agreement (MSG Spinco, Inc.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision MSG shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.

Appears in 3 contracts

Samples: Tax Disaffiliation Agreement (MSG Entertainment Spinco, Inc.), Tax Disaffiliation Agreement (Madison Square Garden Co), Tax Disaffiliation Agreement (MSG Entertainment Spinco, Inc.)

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Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision Parent shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.. For the avoidance of doubt, Parent shall, at its own cost and expense, be the Controlling Party with respect to the matters set forth in Schedule A.

Appears in 1 contract

Samples: Tax Disaffiliation Agreement (Douglas Elliman Inc.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision Networks shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the Non-Controlling PartyParty .” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.

Appears in 1 contract

Samples: Tax Disaffiliation Agreement (Madison Square Garden Entertainment Corp.)

Controlling Party. Subject to the limitations set forth in Section 5.3(b), each Preparer Filer (or the appropriate member of its Group) shall shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have been reported) on a Tax Return for which such Company is responsible for preparing and filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this Section 5.3(a), that Cablevision Parent shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Preparer Filer that could have liability under this Agreement for a Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a Non-Preparer Filer (x) acknowledges to the Preparer Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Preparer Filer evidence (that is satisfactory to the Preparer Filer as determined in the PreparerFiler’s reasonable discretion) of the Non-PreparerFiler’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer Filer shall be treated as the Non-Controlling Party.

Appears in 1 contract

Samples: Tax Disaffiliation Agreement (Douglas Elliman Inc.)

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