Common use of No Inconsistent Plan or Intent Clause in Contracts

No Inconsistent Plan or Intent. Each of the Companies represents and warrants that neither it nor any of its Affiliates has any plan or intent to take any action which is inconsistent with any factual statements or representations in the Application for Ruling, and, in the event a Tax Opinion Submission is made, each of the Companies represents and warrants that neither it nor any of its Affiliates will form any plan or take any action which is inconsistent with any factual statements or representations in such Tax Opinion Submission. Regardless of any change in circumstances, each of the Companies covenants and agrees that it will not take, and it will cause its Affiliates to refrain from taking, any such inconsistent action on or before the second anniversary of the Distribution Date other than as permitted in this Section 9.

Appears in 2 contracts

Sources: Tax Sharing Agreement (Ribapharm Inc), Tax Sharing Agreement (Ribapharm Inc)