Common use of Contest Provisions Clause in Contracts

Contest Provisions. (i) Each of Buyer and Seller shall promptly notify the other in writing upon receipt of notice of any pending or threatened audits or assessments with respect to Taxes for which such other party (or such other party’s Affiliates) may be liable hereunder.

Appears in 5 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (Verizon Communications Inc), Securities Purchase Agreement (Frontier Communications Corp)

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Contest Provisions. (ia) Each of Buyer and Seller the Sellers shall promptly notify the other in writing upon receipt of notice of any pending or threatened audits or assessments with respect to Taxes for which such other party (or such other party’s Affiliates) may be liable hereunder.

Appears in 1 contract

Samples: Transaction Agreement (Connors Bros. Holdings, L.P.)

Contest Provisions. (ia) Each of Buyer and Seller or Sellers, as the case may be, shall promptly notify the other party in writing upon receipt by them, any of their Affiliates, or any Subsidiary of notice of any pending or threatened audits federal, state, local or foreign Tax audits, examinations or assessments with respect to Taxes which might affect the Tax liabilities for which such the other party (or such other party’s Affiliates) may might be liable hereunderpursuant Section 8.2.1.

Appears in 1 contract

Samples: Asset Purchase Agreement (Anacomp Inc)

Contest Provisions. (i) Each of Buyer Sellers and Seller Buyers shall promptly notify the other others in writing upon receipt of notice of any pending or threatened audits or assessments with respect to Taxes for which such other party (or such other party’s Affiliates) may be liable hereunder. Sellers shall be entitled to participate at their expense in the defense of any Tax audit or administrative or court proceeding relating to Taxes for which they may be liable, and to employ counsel of their choice at their expense.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mad Catz Interactive Inc)

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Contest Provisions. (i) Each of Buyer Buyer, on one hand, and Seller each Seller, on the other hand, shall promptly notify the other in writing upon receipt of notice of any pending or threatened audits or assessments with respect to Taxes for which such other party (or such other party’s Affiliates) may be liable hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Liberty Latin America Ltd.)

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