Common use of AUDITS AND EXAMINATIONS Clause in Contracts

AUDITS AND EXAMINATIONS. As of the date hereof, (i) there are no pending or, to the knowledge of F Co, threatened audits, examinations, investigations or other proceedings in respect of any Taxes of F Co or any F Co Subsidiary with respect to which F Co or such F Co Subsidiary has been notified in writing; and (ii) neither F Co nor any F Co Subsidiary has waived any statute of limitations in respect of a material amount of Taxes or agreed to any extension of time with respect to an assessment or deficiency for a material amount of Taxes (other than pursuant to extensions of time to file Tax Returns obtained in the ordinary course).

AUDITS AND EXAMINATIONS. As of the date hereof, (i) there are no pending or, to the knowledge of F C Co, threatened audits, examinations, investigations or other proceedings in respect of any Taxes of F C Co or any F C Co Subsidiary with respect to which F C Co or such F C Co Subsidiary has been notified in writing; and (ii) neither F C Co nor any F C Co Subsidiary has waived any statute of limitations in respect of a material amount of Taxes or agreed to any extension of time with respect to an assessment or deficiency for a material amount of Taxes (other than pursuant to extensions of time to file Tax Returns obtained in the ordinary course).