No Exception to Liability. For the avoidance of doubt, notwithstanding Section 7.02(a) or Section 7.02(b), entering into a Restricted Transaction or a Newco Restricted Transaction shall be treated as a Tainting Act for all purposes of this Agreement, and each Party shall be liable for any Additional Tax, Restructuring Tax or Distribution Tax resulting from any Restricted Transaction or Newco Restricted Transaction in which such Party participates.
Appears in 4 contracts
Sources: Tax Sharing and Indemnification Agreement, Tax Sharing and Indemnification Agreement (Twenty-First Century Fox, Inc.), Tax Sharing and Indemnification Agreement (NEWS Corp)
No Exception to Liability. For the avoidance of doubt, notwithstanding Section 7.02(a) or Section 7.02(b), entering into a Restricted Transaction or a Newco Restricted Transaction shall be treated as a Tainting Act for all purposes of this Agreement, and each Party shall be liable for any Additional Tax, Restructuring Tax or Distribution Tax resulting from any Restricted Transaction or Newco Restricted Transaction in which such Party participates.
Appears in 1 contract
Sources: Tax Sharing and Disaffiliation Agreement (Sungard Capital Corp)