Common use of Consent to Settlements Clause in Contracts

Consent to Settlements. (a) Subject to Sections 6.03(b) and (c), neither Party shall agree to any Tax liability or compromise any Tax claim in a Joint Contest for the account of any member of the other Group without the consent of such other Party, which consent shall not be withheld unreasonably. Decisions regarding settlement of a Joint Contest shall be made jointly by the Parties and their respective representatives.

Appears in 2 contracts

Samples: Tax Matters Agreement (Omnova Solutions Inc), Tax Matters Agreement (Omnova Solutions Inc)

AutoNDA by SimpleDocs

Consent to Settlements. (a) Subject to Sections 6.03(b) and (c), ) neither Party shall agree to any Tax liability or compromise any Tax claim in a Joint Contest for the account of any member of the other Group without the consent of such other Party, which consent shall not be withheld unreasonably. Decisions regarding settlement of a Joint Contest shall be made jointly by the Parties and their respective representatives.

Appears in 2 contracts

Samples: Tax Matters Agreement (Omnova Solutions Inc), Tax Matters Agreement (Gencorp Inc)

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