Notice of Tax Audits. If any claim, demand, assessment (including a notice of proposed assessment) or other assertion is made with respect to taxes against the Protected Partners or the Partnership the calculation of which involves a matter covered in this Agreement that could result in tax liability to a Protected Partner (“Tax Claim”) or if the REIT or the Partnership receives any notice from any jurisdiction with respect to any current or future audit, examination, investigation or other proceeding (“Tax Proceeding”) involving the Protected Partners or the Partnership or that otherwise could involve a matter covered in this Agreement and would reasonably be expected to directly or indirectly affect the Protected Partners in an adverse manner, then the REIT or the Partnership, as applicable shall promptly notify the Protected Partners of such Tax Claim or Tax Proceeding.
Appears in 8 contracts
Samples: Tax Protection Agreement (US Federal Properties Trust Inc.), Contribution Agreement (US Federal Properties Trust Inc.), Agreement and Plan of Merger (Dupont Fabros Technology, Inc.)
Notice of Tax Audits. If any claim, demand, assessment (including a notice of proposed assessment) or other assertion is made with respect to taxes against the Protected Partners or the Partnership the calculation of which involves a matter covered in this Agreement that could result in tax liability to a Protected Partner (“Tax Claim”) or if the REIT or the Partnership receives any notice from any jurisdiction with respect to any current or future audit, examination, investigation or other proceeding (“Tax Proceeding”) involving the Protected Partners or the Partnership or that otherwise could involve a matter covered in this Agreement and would reasonably be expected to could directly or indirectly affect the Protected Partners in an adverse manner(adversely or otherwise), then the REIT or the Partnership, as applicable shall promptly notify the Protected Partners of such Tax Claim or Tax Proceeding.
Appears in 7 contracts
Samples: Tax Protection Agreement, Tax Protection Agreement (GTJ REIT, Inc.), Tax Protection Agreement (Gc Net Lease Reit, Inc.)
Notice of Tax Audits. If any claim, demand, assessment (including a notice of proposed assessment) or other assertion is made with respect to taxes against the Protected Partners or the Partnership Partnership, the calculation of which involves a matter covered in this Agreement Agreement, that could result in tax liability to a Protected Partner (“Tax Claim”) or if the REIT or the Partnership receives any notice from any jurisdiction with respect to any current or future audit, examination, investigation or other proceeding (“Tax Proceeding”) involving the Protected Partners or the Partnership or that otherwise could involve a matter covered in this Agreement and would reasonably be expected to could directly or indirectly affect the Protected Partners in an adverse manner(adversely or otherwise), then the REIT or the Partnership, as applicable applicable, shall promptly notify the Protected Partners of such Tax Claim or Tax Proceeding.
Appears in 4 contracts
Samples: Tax Protection Agreement (Campus Crest Communities, Inc.), Tax Protection Agreement (Campus Crest Communities, Inc.), Tax Protection Agreement (Campus Crest Communities, Inc.)
Notice of Tax Audits. If any claim, demand, assessment (including a notice of proposed assessment) or other assertion is made with respect to taxes against the Protected Partners or the Partnership the calculation of which involves a matter covered in this Agreement that could result in tax liability to a Protected Partner (“"Tax Claim”") or if the REIT or the Partnership receives any notice from any jurisdiction with respect to any current or future audit, examination, investigation or other proceeding (“"Tax Proceeding”") involving the Protected Partners or the Partnership or that otherwise could involve a matter covered in this Agreement and would reasonably be expected to could directly or indirectly affect the Protected Partners in an adverse manner(adversely or otherwise), then the REIT or the Partnership, as applicable shall promptly notify the Protected Partners of such Tax Claim or Tax Proceeding.
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