Tax Effect. In calculating amounts payable to an Indemnitee hereunder, (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Great American Food Chain, Inc.), Agreement and Plan of Reorganization (Lakota Technologies Inc), Agreement and Plan of Reorganization (L P R Cybertek Inc)
Tax Effect. In calculating amounts amount payable to an Indemnitee hereunder, hereunder (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (20/20 Networks Inc), Agreement and Plan of Reorganization (Universal Services & Acquisitions Inc), Agreement and Plan of Reorganization (Pacific Realm Inc)
Tax Effect. In calculating amounts amount payable to an Indemnitee hereunder, ----------- hereunder (i) the amount of the indemnified losses shall be reduced by the amount of any reduction in the Indemnitee's liability for taxes resulting from the facts or occurrence giving rise to the indemnified losses; and (ii) the amount of the indemnified losses shall be grossed up by the amount of any increase in liability for taxes resulting from indemnification with respect thereto.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Cal Alta Auto Glass Inc), Assets Acquisition Agreement (Agrocan Corp), Acquisition Agreement and Plan of Reorganization (H Net Net)
