Common use of Deconsolidation Clause in Contracts

Deconsolidation. In the event that a Subsidiary is determined not to have been properly treated as an includible corporation in the Group with respect to any Taxable Period, the amount of any payments made under Paragraphs 2, 3 and 5 (taking into account any adjustments pursuant to Paragraphs 6(a) and (b)) shall be refunded to the party entitled to such net amount within 30 days of a Final Determination of such deconsolidation, or as soon as the amount to be refunded can practicably be determined, if later, together with any applicable interest for the period.

Appears in 3 contracts

Sources: Tax Allocation Agreement (MRS Fields Original Cookies Inc), Tax Allocation Agreement (MRS Fields Holding Co Inc), Tax Allocation Agreement (MRS Fields Holding Co Inc)