Tax Benefit

Tax Benefit. Any amount by which the Income Tax liability of CHLLC or CAM or any of their respective subsidiaries in any taxable period is actually reduced by a loss, deduction or credit arising as a result of a claim, assessment or adjustment with respect to which a payment was made by CFP pursuant to Section 3.1 of this Tax Agreement, after taking into account all other available losses, deductions and credits

Tax Benefit. Means any item of loss, deduction or tax creditor or any similar item which generally reduces taxable income or taxes payable