Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 37 contracts
Samples: Tax Matters Agreement (Mdu Resources Group Inc), Tax Matters Agreement (Knife River Holding Co), Tax Matters Agreement (Knife River Holding Co)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted under Section 2.02 to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 18 contracts
Samples: Tax Matters Agreement, Tax Sharing Agreement, Tax Matters Agreement (Enova International, Inc.)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted under Section 11.02 to take into account any associated Tax Benefit to the Indemnitor or increase in Tax Detriment to the Indemnitee.
Appears in 9 contracts
Samples: Tax Disaffiliation Agreement (NorthStar Asset Management Group Inc.), Tax Disaffiliation Agreement (Northstar Realty Finance Corp.), Tax Matters Agreement (Altisource Portfolio Solutions S.A.)
Interest Under This Agreement. Anything Notwithstanding anything herein to the contrary notwithstandingcontrary, to the extent one Company Party (“Indemnitor”) makes a payment of interest to another Company Party (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by lawLaw) and as interest income by the Indemnitee (includible in income to the extent provided by lawLaw). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 8 contracts
Samples: Tax Matters Agreement (Neogen Corp), Tax Matters Agreement (Neogen Corp), Tax Matters Agreement (Elanco Animal Health Inc)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted under Section 13.02 to take into account any associated Tax Benefit to the Indemnitor or increase in Tax Detriment to the Indemnitee.
Appears in 7 contracts
Samples: Tax Sharing Agreement (Teradata Corp /De/), Tax Matters Agreement (Altisource Portfolio Solutions S.A.), Tax Sharing Agreement (NCR Corp)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by lawapplicable Tax Law) and as interest income by the Indemnitee (includible in income to the extent provided by lawapplicable Tax Law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 4 contracts
Samples: Tax Matters Agreement, Tax Matters Agreement (PENTAIR PLC), Tax Matters Agreement (nVent Electric PLC)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by lawLaw) and as interest income by the Indemnitee (includible in income to the extent provided by lawLaw). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 4 contracts
Samples: Tax Matters Agreement (Vestis Corp), Tax Matters Agreement (Aramark), Tax Matters Agreement (Vestis Corp)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“"Indemnitor”") makes a payment of interest to another Company (“"Indemnitee”") under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 3 contracts
Samples: Tax Matters Agreement (Trinity Industries Inc), Tax Matters Agreement (Arcosa, Inc.), Tax Matters Agreement (Dupont E I De Nemours & Co)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitorindemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor indemnitor reimbursed the Indemnitee indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee indemnitee (includible includable in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit benefit to the Indemnitor indemnitor or increase in Tax to the Indemniteeindemnitee.
Appears in 3 contracts
Samples: Tax Indemnification and Allocation Agreement (Ceva Inc), Tax Indemnification and Allocation Agreement (Ceva Inc), Tax Indemnification and Allocation Agreement (DSP Group Inc /De/)
Interest Under This Agreement. Anything Notwithstanding anything herein to the contrary notwithstandingcontrary, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 2 contracts
Samples: Tax Matters Agreement (CBS Outdoor Americas Inc.), Tax Matters Agreement (CBS Outdoor Americas Inc.)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”"indemnitor") makes a payment of interest to another Company (“"Indemnitee”") under this Agreement with respect to the period from the date that the Indemnitee indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor indemnitor reimbursed the Indemnitee indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee indemnitee (includible includable in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit benefit to the Indemnitor indemnitor or increase in Tax to the Indemniteeindemnitee.
Appears in 1 contract
Samples: Tax Indemnification and Allocation Agreement (Parthusceva Inc)
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“"Indemnitor”") makes a payment of interest to another Company (“"Indemnitee”") under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee. 29 Section 13.
Appears in 1 contract
Samples: Ii Tax Matters Agreement
Interest Under This Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee. 31 Section 14.
Appears in 1 contract
Samples: Ii Tax Matters Agreement
Interest Under This Agreement. Anything Notwithstanding anything herein to the contrary notwithstandingcontrary, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the extent provided by lawLaw) and as interest income by the Indemnitee (includible in income to the extent provided by lawLaw). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Indemnitor or increase in Tax to the Indemnitee.
Appears in 1 contract
