Audits and Adjustments. (a) Whenever a Distributing Affiliate or Controlled Affiliate receives in writing from the IRS or any other Taxing Authority notice of an Adjustment that may give rise to a payment from the other party under this Agreement or otherwise affect the other party’s Taxes, Distributing or Controlled, as the case may be, shall give written notice of the Adjustment to the other party in accordance with the terms of Article VIII. The audit shall be controlled and settled pursuant to the terms of that article.
Appears in 5 contracts
Samples: Tax Sharing and Indemnification Agreement (Chaparral Steel CO), Tax Sharing and Indemnification Agreement (Chaparral Steel CO), Tax Sharing and Indemnification Agreement (Chaparral Steel CO)
