Subsidiary Liability. Subsidiary and each Subsidiary Affiliate shall be responsible for one hundred percent (100%) of any and all Tax-Related Losses that are attributable to, or result from, any act or failure to act described in Section 10.1(a)(1) of this Agreement by Subsidiary or any Subsidiary Affiliate. Subsidiary and each Subsidiary Affiliate shall jointly and severally indemnify FMC, each FMC Affiliate and their directors, officers and employees and hold them harmless from and against any such Taxes.
Appears in 3 contracts
Sources: Tax Sharing Agreement, Tax Sharing Agreement (FMC Technologies Inc), Tax Sharing Agreement (FMC Technologies Inc)