Common use of Change in Audit Management Party Clause in Contracts

Change in Audit Management Party. (i) Upon (a) the second anniversary following the Effective Time and annually on each anniversary date thereafter; (b) the expiration of the six (6) month period following a Change of Control of the Audit Management Party; and (c) the expiration of the six (6) month period following a Bankruptcy of the Audit Management Party (each of (a), (b), and (c), a “Tax Management Change Event”), a Party’s Audit Representative may call for a vote to decide whether the current Audit Management Party should be replaced by another Party by providing written notice of such vote to the other Parties thirty (30) days prior to such Tax Management Change Event (“Administration Vote Notice”).

Appears in 3 contracts

Samples: Tax Sharing Agreement (Covidien Ltd.), Tax Sharing Agreement (Tyco International LTD /Ber/), Tax Sharing Agreement (Tyco Electronics Ltd.)

AutoNDA by SimpleDocs

Change in Audit Management Party. (i) Upon (a) the second anniversary following the Effective Time and annually on each anniversary date thereafter; (b) the expiration of the six three (63) month period following a Change of Control of the Audit Management Party; and or (c) the expiration of the six three (63) month period following a Bankruptcy of the Audit Management Party (each of (a), (b), and (c), a “Tax Management Change Event”), a Party’s Audit Representative may call for a vote to decide whether the current Audit Management Party should be replaced by another Party by providing written notice of such vote to the other Parties thirty (30) days prior to such Tax Management Change Event (“Administration Vote Notice”).

Appears in 3 contracts

Samples: Tax Sharing Agreement (Covidien Ltd.), Tax Sharing Agreement (Tyco Electronics Ltd.), Tax Sharing Agreement (Covidien Ltd.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.