Common use of Audit Notice Clause in Contracts

Audit Notice. The Contributor shall notify the Acquiror within thirty (30) days after it receives notice thereof if the IRS (i) proposes to audit the 1996 tax return of the Contributor or any Indemnitee or (ii) proposes any adjustments to a tax return of the Contributor or any Indemnitee.

Audit Notice. The Contributor shall notify the Acquiror within thirty (30) days after it receives notice thereof if the IRS (i) proposes to audit the 1996 1997 tax return of the Contributor or any Indemnitee or (ii) proposes any adjustments to a tax return of the Contributor or any Indemnitee.