Deconsolidation. Notwithstanding anything herein to the contrary, to the extent permitted by applicable law, FCCG may cease to file a Consolidated Return in any jurisdiction with respect to any taxable year in its sole discretion. FCCG shall not be required to compensate FAT in any manner for any amount as a result of the prior or current use of any tax attribute or item of income, gain, loss, deduction or credit of FAT notwithstanding that no portion of such attribute or item may be apportioned to FAT under the applicable law as a consequence of FAT ceasing to be included in a Consolidated Return with FCCG in such jurisdiction.
Appears in 2 contracts
Sources: Tax Sharing Agreement (Fat Brands, Inc), Tax Sharing Agreement (Fat Brands, Inc)