Common use of Consent to Settlements Clause in Contracts

Consent to Settlements. Parent shall inform each Subsidiary of any audits, administrative or judicial proceedings that may affect the tax liability of the Subsidiaries. Parent shall not settle any such issues without the Subsidiaries' consent which consent may not be unreasonably withheld.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Nationwide Life Ins Co), Tax Sharing Agreement (Nationwide Life Insurance Co), Tax Sharing Agreement (Nationwide Life Insurance Co)

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Consent to Settlements. Parent shall inform each Subsidiary of any audits, administrative or judicial proceedings that may affect the tax liability of the Subsidiaries. Parent shall not settle any such issues without the Subsidiaries' ’ consent which consent may not be unreasonably withheld.

Appears in 3 contracts

Samples: Tax Sharing Agreement (Nationwide Life Insurance Co), Tax Sharing Agreement (Nationwide Financial Services Inc/), Tax Sharing Agreement (Nationwide Financial Services Inc/)

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