Contested Taxes. The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would result in an Underpayment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid or appealed. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:
Contested Taxes. The Employee shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would result in an Underpayment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Employee is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid or appealed. The Employee shall not pay such claim prior to the expiration of the 30 day period following the date on which it gives such notice to the Company (or such shorter period ending on the date than any payment of taxes with respect to such claim is due). If the Company notifies the Employee in writing prior to the expiration of such period that it desires to contest such claim, the Employee shall:
Contested Taxes. Neither Party shall be required to pay any such tax, assessment, charge, levy, account payable or claim if the validity, applicability or amount thereof is being contested in good faith by appropriate actions or proceedings which will prevent the forfeiture or sale of any property utilized under this Agreement or any material interference with the use thereof.
Contested Taxes. The Consultant shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would result in an Underpayment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Consultant is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid or appealed. The Consultant shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Consultant in writing prior to the expiration of such period that it desires to contest such claim, the Consultant shall:
Contested Taxes. MLC Group, Inc. has not filed certain property tax filings on behalf of its lessees although it may have the obligation to do so in certain cases. Since the leases are triple net leases, MLC may only be responsible for penalties, if such penalties are not reimbursable under the leases. To date, MLC has paid a nominal amount of penalties, but MLC is aware of certain leases which it may owe penalties on. The MLC in good faith reasonably believes that such penalties, if assessed, would not be in excess of $100,000 or cause a Material Adverse Effect. MLC is appealing a sales tax assessment of $247,219.68 including penalties and interest in the Commonwealth of Pennsylvania relating to the termination of certain leases in 1997. The MLC had received the tax refund from the Pennsylvania Board of Appeals which was subsequently reversed upon a sales tax audit.
Contested Taxes. Lessee shall have the right, at Lessee's own expense, to contest the validity or amount of any tax or charge referred to in Paragraphs 7.01 and 7.02, if Lessee does so by legal proceedings promptly instituted and diligently conducted. Lessee shall pay the tax or charge in question before initiating any proceedings. If taxes or charges are reduced or canceled, Lessee will be entitled to the refund of any amount previously paid by Lessee, unless Lessee is in default under the Lease.
Contested Taxes. The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would result in an Underpayment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid or appealed. The
Contested Taxes. Any Owner may defer payment of any Tax to the extent that and while such Tax is being contested by such Owner in good faith and by appropriate proceedings and so long as such proceedings or the nonpayment of such Tax is not reasonably expected to cause (a) the imminent threat of the sale, forfeiture, loss or interference with the operation of any interest in the Redbud Generating Facility, (b) any material adverse change in the title, property or rights of any Party in or to the Redbud Generating Facility, (c) any assessment or penalty against any Party other than the Owner contesting the payment of such Tax, (d) any interference with payments by the Owners to the Operations Manager or the application of such payments by the Operations Manager or (e) any danger of criminal or other liability being imposed against any party or agent other than the Owner contesting the payment of such Tax. Any Owner that elects to defer payment of any Tax pursuant to this Section 8.06 shall protect, indemnify and hold harmless all other parties from any and all claims, demands or causes of action, suits or other proceedings (including all costs in connection therewith and in connection with the defense thereof, including reasonable attorneys’ fees) of every kind and character resulting from such delay in payment.
Contested Taxes. None Schedule 4.14. Existing Debt not otherwise disclosed in the Borrowers' Financial Statements. None
Contested Taxes. AM-PAC shall have the right at AM-PAC's own expense to contest the validity or amount of any tax referred to in Section 7.01 by legal proceedings promptly instituted and diligently conducted. AM-PAC shall pay the tax demanded by the taxing authority before initiating any proceedings. If taxes are reduced or canceled, AM- PAC shall be entitled to the refund for any taxes previously paid by AM-PAC, provided that AM-PAC is not in default under any of the terms and conditions of this Lease.
