Common use of SURRENDER OF GROUP RELIEF Clause in Contracts

SURRENDER OF GROUP RELIEF. 8.1 Subject to and in accordance with the provisions of this paragraph 8, if any liability of the Seller under this Tax Covenant or in respect of any claim under the Tax Warranties can be reduced or eliminated by the surrender of Group Relief to the Company by the Seller or any company other than a member of the Buyer’s Tax Group, the Seller may make or procure the making of such surrender and the Company shall co-operate with the Seller in relation to such surrender and make all necessary returns, claims, consents and notifications required to be made in respect of such surrender. 8.2 The Company shall not be liable to give any consideration in respect of any surrender of Group Relief pursuant to paragraph 8.1.

SURRENDER OF GROUP RELIEF. 8.1 Subject to and in accordance with the provisions of this paragraph 8, if any liability of the Seller under this Tax Covenant or in respect of any claim under the Tax Warranties can be reduced or eliminated by the surrender of Group Relief to the Company by the Seller or any company other than a member of the Buyer’s Tax GroupGroup or a company connected with the Buyer, the Seller may make or procure the making of such surrender and the Buyer shall procure that the Company shall co-operate with the Seller in relation to such surrender and make all necessary returns, claims, consents and notifications required to be made in respect of such surrender. 8.2 The the Company shall not be liable to give any consideration in respect of any surrender of Group Relief pursuant to paragraph 8.1.