Termination of Existing Tax Sharing Agreements Sample Clauses
The 'Termination of Existing Tax Sharing Agreements' clause serves to formally end any prior tax sharing arrangements between the parties involved. In practice, this clause ensures that all obligations, rights, and liabilities under previous tax sharing agreements are concluded as of a specified date, often coinciding with the execution of a new agreement or a change in ownership structure. By including this clause, parties prevent overlapping or conflicting tax obligations and clarify that only the terms of the new or current agreement will govern their tax-related responsibilities going forward.
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Termination of Existing Tax Sharing Agreements. Any and all existing Tax sharing agreements (whether written or not) binding upon the Target Company or any of its Subsidiaries shall be terminated as of the Closing Date. After such date neither the Target Company nor any of its Subsidiaries or Representatives shall have any further rights or liabilities thereunder.
Termination of Existing Tax Sharing Agreements. Any and all existing Tax sharing allocation, indemnification or similar agreements or arrangements, written or unwritten, between the Transferred Companies and Parent or any of its subsidiaries, predecessors or Affiliates (other than any of the Transferred Companies), shall be terminated as of the Closing and there shall be no continuing obligation to make any payments thereunder.
Termination of Existing Tax Sharing Agreements. Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Initial Closing Date. After such date none of the Company, Company Parent or any of their respective Affiliates or Representatives shall have any further rights or liabilities thereunder.
Termination of Existing Tax Sharing Agreements. All tax-sharing agreements or similar agreements with respect to or involving the Company shall be terminated prior to the Closing Date, and, after the Closing Date, the Company shall not be bound thereby or have liability thereunder for amounts due in respect of period prior to the Closing Date.
Termination of Existing Tax Sharing Agreements. Prior to the Closing Date, the parties shall terminate any existing tax sharing agreements to the extent such agreement or arrangement binds Flavors or any of its subsidiaries. The preceding sentence shall not apply to any agreement entered into in connection with this Agreement.
Termination of Existing Tax Sharing Agreements. Notwithstanding anything to the contrary in this Agreement, all liabilities, obligations and other rights between any member of the Parent Consolidated Group, on the one hand, and the Company and any of its Subsidiaries, on the other hand, under any Tax sharing or Tax indemnity agreement in effect prior to the Closing Date (other than this Agreement) shall cease and terminate as of the Closing Date as to all past, present and future taxable periods.
Termination of Existing Tax Sharing Agreements. The Seller shall cause any and all existing Tax sharing agreements or arrangements, written or unwritten, express or implied, binding the Company, including any agreements or arrangements which afford any other Person the right to receive any payment from the Company in respect of any Taxes or the benefit of any tax attribute of the Company or require or permit the transfer or assignment of any income, revenues, receipts or gains, to be terminated as of the Closing Date. After the Closing Date, the Company shall not have any further rights or obligations under any such agreements.
Termination of Existing Tax Sharing Agreements. Any and all ---------------------------------------------- existing Tax sharing agreements or arrangements, written or unwritten, between the Seller and the Company, shall be terminated as of the Closing.
Termination of Existing Tax Sharing Agreements. Any and all existing Tax sharing agreements (whether written or not) binding upon the Parent shall be terminated as of the Closing Date. After such date, neither the Parent nor any Parent Subsidiary shall have any further rights or liabilities thereunder.
Termination of Existing Tax Sharing Agreements. All tax sharing agreements or similar arrangements with respect to or involving the Acquired Entities shall be terminated effective as of the Effective Time.