Common use of Audits, Refund Claims, Litigation Clause in Contracts

Audits, Refund Claims, Litigation. (a) If any AOL Prepared Tax Return becomes the subject of litigation in any court or examination by any Taxing Authority, the conduct and settlement of the litigation or examination shall be exclusively controlled by AOL; provided, however, that TWX and AOL shall share joint control with respect to the conduct and settlement of any litigation or examination that reasonably could be expected to cause a payment obligation to, or a refund claim for, TWX.

Appears in 5 contracts

Samples: Second Tax Matters Agreement (Time Warner Inc.), Second Tax Matters Agreement (AOL Inc.), Second Tax Matters Agreement (AOL Inc.)

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