Contributed Subsidiary definition
Examples of Contributed Subsidiary in a sentence
To the extent any Pre-Closing Emerson Combined Tax Return reflects operations of an Emerson Contributed Subsidiary for a Taxable period that includes the Closing Date, Emerson shall include in such Pre-Closing Emerson Combined Tax Return the results of such Emerson Contributed Subsidiary on the basis of the Closing of the Books Method to the extent permitted by Applicable Law.
Following the Closing, no member of the ▇▇▇▇▇▇▇ Group, Deferred Business or any Emerson Contributed Subsidiary shall have any further rights or liabilities thereunder, and this Agreement shall be the sole Tax sharing agreement between the members of the ▇▇▇▇▇▇▇ Group, on the one hand, and the members of the Newco Group (including the Emerson Contributed Subsidiaries and, following the applicable Deferred Closing, the Deferred Businesses), on the other hand.
Newco shall prepare and file, or cause to be prepared and filed, any Emerson Contributed Subsidiary Non-▇▇▇▇▇▇▇ Group Tax Return and any other Tax Return of any member of the Newco Group that is not a Pre-Closing Emerson Combined Tax Return.
USAi represents and warrants to Universal that, (a) Schedule 3.05(a) sets forth, for each Contributed Subsidiary, the amount of its authorized capital stock or other ownership interests, the amount of its outstanding capital stock or other ownership interests and the record and beneficial owners of its outstanding capital stock or other ownership interests.
As of the date hereof, there are not any outstanding contractual obligations of any such Contributed Subsidiary to repurchase, redeem or otherwise acquire any shares of capital stock of such Contributed Subsidiary.
Except as set forth on Schedule 3.05(a), there are no shares of capital stock or other ownership interests in any such Contributed Subsidiary issued, reserved for issuance or outstanding.
There are not any bonds, debentures, notes or other indebtedness of any such Contributed Subsidiary having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of capital stock or other ownership interests of such Contributed Subsidiary may vote ("Voting Subsidiary Debt").
Any and all existing Tax sharing agreements or arrangements, written or unwritten, between any member of the ▇▇▇▇▇▇▇ Group, on the one hand, and any Emerson Contributed Subsidiary or Deferred Business, on the other hand, if not previously terminated, shall be terminated as of the Closing Date without any further action by the parties thereto.
If a portion or all of any ▇▇▇▇▇▇▇ Contributed Subsidiary Carried Item is allocated to a member of a Combined Group pursuant to Section 5, and is carried forward to an ▇▇▇▇▇▇▇ Contributed Subsidiary Non-▇▇▇▇▇▇▇ Group Tax Return, any Tax benefits arising from such carryforward shall be retained by the Newco Group.
Newco shall not be entitled to any Tax Refunds received by any member of the ▇▇▇▇▇▇▇ Group or any ▇▇▇▇▇▇▇ Contributed Subsidiary, except as set forth in Section 7(b) (or, with respect to any ▇▇▇▇▇▇▇ Contributed Subsidiary Carried Item, Section 6).