Common use of Notice of Tax Claims Clause in Contracts

Notice of Tax Claims. Each party will promptly notify the other party in writing upon receipt by such party (or any of its Affiliates) of notice of any pending or threatened audit, examination, or Proceeding by a Governmental Authority in respect of which an indemnity may be sought pursuant to Article VI (a “Tax Claim”); provided, however, that the failure of such party to give prompt notice shall not relieve the other party of any of its obligations under Article VI except to the extent the other party can demonstrate actual prejudice as a result of such failure.

Appears in 1 contract

Samples: Stock Purchase Agreement (Healthstream Inc)

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Notice of Tax Claims. Each party Party will promptly notify the other party Party in writing upon receipt by such party Party (or any of its Affiliates) of notice of any pending or threatened audit, examination, examination or Proceeding proceeding by a Governmental Authority in respect of which an indemnity may be sought pursuant to Article VI this Section 5.07 (a “Tax Claim”); provided, however, that the failure of such party to give prompt notice shall not relieve the other party of any of its obligations under Article VI this Section 5.07 except to the extent the other party can demonstrate actual prejudice as a result of such failure.. (g)

Appears in 1 contract

Samples: Stock Purchase Agreement (Nautilus, Inc.)

Notice of Tax Claims. Each party hereto will promptly notify the other party in writing upon receipt by such party (or any of its Affiliates) of notice of any pending or threatened audit, examination, examination or Proceeding proceeding by a Governmental Authority in respect of Body related to a Target Company for which an indemnity other parties may be sought responsible pursuant to Article VI this Section 6.5 or Section 8 (a “Tax Claim”); provided, however, that the failure of such party to give prompt notice shall not relieve the other party of any of its obligations under Article VI this Section 6.5 or Section 8 except to the extent the other party can demonstrate actual prejudice as a result of such failure.. (ii)

Appears in 1 contract

Samples: Equity Purchase Agreement (Granite Construction Inc)

Notice of Tax Claims. Each party will promptly notify the other party in writing upon receipt by such party (or any of its Affiliates) of written notice of any pending or threatened audit, examination, examination or Proceeding proceeding by a Governmental Authority in respect of which an indemnity may be sought pursuant to this Article VI (a “Tax Claim”); provided, however, that the failure of such a party to give prompt notice shall not relieve the other party of any of its obligations under this Article VI except to the extent the other party can demonstrate actual prejudice as a result of such failure.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dril-Quip Inc)

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Notice of Tax Claims. Each party Party will promptly notify the other party Party in writing upon receipt by such party Party (or any of its Affiliates) of notice of any pending or threatened audit, examination, examination or Proceeding proceeding by a Governmental Taxing Authority in respect of which an indemnity may be sought pursuant to Article VI this Section 6.11, Section 8 or Section 9 (a “Tax Claim”); provided, however, that the failure of such party Party to give prompt notice shall not relieve the other party Party of any of its obligations under Article VI this Section 6.11 except to the extent the other party Party can demonstrate actual prejudice as a result of such failure.

Appears in 1 contract

Samples: Share Purchase Agreement (Ituran Location & Control Ltd.)

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