Common use of Disputed Taxes Clause in Contracts

Disputed Taxes. In the event that the Seller or the Purchaser intends to dispute any Change in Tax, it shall provide to the other Party notice of its intention to pursue such dispute. Following delivery of such notice of intention to dispute a Change in Tax, the Party raising the dispute shall, within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price and the merits and probability of success in the proposed dispute. Within thirty (30) Days of receipt of such report, the Parties shall meet and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, shall be reimbursed by the Purchaser. Nothing in this Section 14.5 shall preclude the Seller from disputing, at its sole cost and expense, any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Disputed Taxes. In the event that the Seller or the Purchaser intends desires to dispute any Change in Tax, it shall provide notice of its desire to pursue such dispute to the other Party notice of its intention to pursue such disputeParty. Following the delivery of such notice of intention a desire to dispute a Change in Tax, the Party raising the dispute shall, shall prepare and deliver to the other Party within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price Energy Price and the merits and probability probable success of success in the proposed dispute. Within The Parties shall meet within thirty (30) Days of the receipt of such report, the Parties shall meet report and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, 14.5 shall be reimbursed by the PurchaserPurchaser as a Pass-Through Item in accordance with Schedule 1. Nothing in this Section 14.5 shall preclude the Seller from disputing, disputing at its sole cost and expense, expense any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.

Appears in 1 contract

Samples: Energy Purchase Agreement

Disputed Taxes. β€Œ In the event that the Seller or the Purchaser intends to dispute any Change in Tax, it shall provide to the other Party notice of its intention to pursue such dispute. Following delivery of such notice of intention to dispute a Change in Tax, the Party raising the dispute shall, shall prepare and deliver to the other Party within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price Reference Xxxxxx and the merits and probability probable success of success in the proposed dispute. Within The Parties shall meet within thirty (30) Days of receipt of such report, the Parties shall meet report and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, 14.5 shall be reimbursed by the PurchaserPurchaser as a Pass-Through Item in accordance with Schedule 1. Nothing in this Section 14.5 shall preclude the Seller from disputing, disputing at its sole cost and expense, expense any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.

Appears in 1 contract

Samples: Energy Purchase Agreement

Disputed Taxes. In the event that the Seller or the Purchaser intends to dispute any Change in Tax, it shall provide to the other Party notice of its intention to pursue such dispute. Following delivery of such notice of intention to dispute a Change in Tax, the Party raising the dispute shall, within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price and the merits and probability of success in the proposed dispute. Within thirty (30) Days of receipt of such report, the Parties shall meet and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, shall be reimbursed by the Purchaser. Nothing in this Section 14.5 shall preclude the Seller from disputing, at its sole cost and expense, any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.. FORCE MAJEURE

Appears in 1 contract

Samples: Power Purchase Agreement

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Disputed Taxes. In the event that the Seller or the Purchaser intends to dispute any Change in Tax, it shall provide to the other Party notice of its intention to pursue such dispute. Following delivery of such notice of intention to dispute a Change in Tax, the Party raising the dispute shall, within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price Energy Price and the merits and probability of success in the proposed dispute. Within thirty (30) Days of receipt of such report, the Parties shall meet and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, shall be reimbursed by the PurchaserPurchaser as a Pass-Through Item in accordance with Schedule 1. Nothing in this Section 14.5 shall preclude the Seller from disputing, at its sole cost and expense, any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.. 15. FORCE MAJEURE

Appears in 1 contract

Samples: Energy Purchase Agreement

Disputed Taxes. In the event that the Seller or the Purchaser intends desires to dispute any Change in Tax, it shall provide notice of its desire to pursue such dispute to the other Party notice of its intention to pursue such disputeParty. Following the delivery of such notice of intention a desire to dispute a Change in Tax, the Party raising the dispute shall, shall prepare and deliver to the other Party within forty-five (45) Days of the delivery of such notice, prepare and deliver to the other Party a written report in reasonable detail describing the Change in Tax, its likely effects on the energy price Tariff and the merits and probability probable success of success in the proposed dispute. Within The Parties shall meet within thirty (30) Days of the receipt of such report, the Parties shall meet report and determine whether the dispute of the relevant Change in Tax should be pursued by the Party raising the dispute. If so agreed, the Party raising the dispute shall diligently prosecute such dispute. Any costs and expenses reasonably incurred by the Seller in disputing any Change in Tax that the Parties have agreed to dispute in accordance with this Section 14.5, 14.5 shall be reimbursed by the PurchaserPurchaser as a Pass-Through Item in accordance with Schedule 1. Nothing in this Section 14.5 shall preclude the Seller from disputing, disputing at its sole cost and expense, expense any Tax or Change in Tax applicable to it or from delivering a Change in Tax Notice to the Purchaser.

Appears in 1 contract

Samples: Energy Purchase Agreement

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