Common use of Delivery of Powers of Attorney and Other Documents Clause in Contracts

Delivery of Powers of Attorney and Other Documents. Parent and SpinCo shall execute and deliver to the other Party, promptly upon request, powers of attorney authorizing such other Party to extend statutes of limitations, receive refunds, negotiate settlements and take such other actions that Parent or SpinCo, as applicable, reasonably considers to be appropriate in exercising its control rights pursuant to Section 6.2, and any other documents reasonably necessary thereto to effect the exercise of such control rights.

Appears in 2 contracts

Samples: Tax Matters Agreement (SilverSun Technologies Holdings, Inc), Tax Matters Agreement (SilverSun Technologies Holdings, Inc)

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Delivery of Powers of Attorney and Other Documents. Parent and SpinCo shall execute and deliver to the other Party, promptly upon request, powers of attorney authorizing such other Party to extend statutes of limitations, receive refundsTax Refunds, negotiate settlements and take such other actions that Parent or SpinCo, as applicable, reasonably considers to be appropriate in exercising its control rights pursuant to Section 6.2, and any other documents reasonably necessary thereto to effect the exercise of such control rights.

Appears in 1 contract

Samples: Investment Agreement (SilverSun Technologies, Inc.)

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Delivery of Powers of Attorney and Other Documents. Parent and SpinCo shall execute and deliver to the other Party, promptly upon request, powers of attorney authorizing such other Party to extend statutes of limitations, receive refundsTax Refunds, negotiate settlements and take such other actions that Parent or SpinCo, as applicable, reasonably considers to be appropriate in exercising its control rights pursuant to Section ‎Section 6.2, and any other documents reasonably necessary thereto to effect the exercise of such control rights.

Appears in 1 contract

Samples: Tax Matters Agreement (SilverSun Technologies Holdings, Inc./Nv)

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