Common use of Notice of Indemnified Tax Loss Clause in Contracts

Notice of Indemnified Tax Loss. In the event of an Indemnified Tax Loss, the Owner Participant shall give EME written notice thereof accompanied by a written statement (the “Statement”) describing such Indemnified Tax Loss in reasonable detail, stating the amount the Owner Participant believes to be payable by EME on account thereof pursuant to the terms hereof and providing the computation of such amount.

Appears in 4 contracts

Samples: Tax Indemnity Agreement (Midwest Generation LLC), Tax Indemnity Agreement (Midwest Generation LLC), Tax Indemnity Agreement (Midwest Generation LLC)

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