Common use of Carryforwards to Separate Tax Returns Clause in Contracts

Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 5, and is carried forward or back to an RCPI Separate Tax Return, any Tax Benefits arising from such carryforward shall be retained by the RCPI Group. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group pursuant to Section 5, and is carried forward or back to an RGHL Separate Tax Return, any Tax Benefits arising from such carryforward or carryback shall be retained by the RGHL Group.

Appears in 3 contracts

Sources: Tax Matters Agreement (Reynolds Consumer Products Inc.), Tax Matters Agreement (Reynolds Consumer Products Inc.), Tax Matters Agreement (Reynolds Consumer Products Inc.)