Common use of Notices of Tax Audits Clause in Contracts

Notices of Tax Audits. Promptly, and in any event within 10 days after receipt thereof by the Borrower, the Borrower shall furnish to the Bank a copy of each notice from any Governmental Authority received by the Borrower or a Subsidiary of the Borrower of such Governmental Authority’s intention to audit any Federal, state, local or foreign tax return of the Borrower or a Subsidiary of the Borrower and a copy of each subsequent notice with respect thereto from any such Governmental Authority.

Appears in 3 contracts

Samples: Guaranty Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Universal Stainless & Alloy Products Inc)

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Notices of Tax Audits. Promptly, and in any event within 10 ten (10) days after receipt thereof by the BorrowerBorrower or any Active Subsidiary, the Borrower shall furnish to the Bank Agent, for redelivery to the Banks, a copy of each notice from any Governmental Authority Person received by the Borrower or a any Active Subsidiary of the Borrower of such Governmental Authority’s intention a threatened material adverse adjustment to audit any Federal, state, local or foreign Federal tax return of the Borrower or a any Active Subsidiary of the Borrower and a copy of each subsequent notice with respect thereto from any such Governmental AuthorityPerson.

Appears in 1 contract

Samples: Credit Agreement (Education Management Corporation)

Notices of Tax Audits. Promptly, and in any event within 10 days after --------------------- receipt thereof by the Borrower, the Borrower shall furnish to the Bank a copy of each notice from any Governmental Authority received by the Borrower or a Subsidiary of the Borrower of such Governmental Authority’s 's intention to audit any Federal, state, local or foreign tax return of the Borrower or a Subsidiary of the Borrower and a copy of each subsequent notice with respect thereto from any such Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

Notices of Tax Audits. Promptly, and in any event within 10 ten (10) days after receipt thereof by the BorrowerBorrower or any Active Subsidiary, the Borrower shall furnish to the Bank Agent, for redelivery to the Banks, a copy of each notice from any Governmental Authority Person received by the Borrower or a any Active Subsidiary of the Borrower of such Governmental Authority’s intention a threatened material adverse adjustment to audit any Federal, state, local Federal or foreign tax return of the Borrower or a Subsidiary of the Borrower any Active Subsidiary, as applicable and a copy of each subsequent notice with respect thereto from any such Governmental AuthorityPerson.

Appears in 1 contract

Samples: Credit Agreement (Education Management Corporation)

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Notices of Tax Audits. Promptly, and in any event within 10 ten (10) days after receipt thereof by the BorrowerBorrower or any Subsidiary, the Borrower shall furnish to the Bank Agent, for redelivery to the Banks, a copy of each notice from any Governmental Authority Person received by the Borrower or a any Subsidiary of the Borrower of such Governmental Authority’s Person's intention to audit any Federal, state, local or foreign Federal tax return of the Borrower or a any Subsidiary of the Borrower and a copy of each subsequent notice with respect thereto from any such Governmental AuthorityPerson.

Appears in 1 contract

Samples: Credit Agreement (Education Management Corporation)

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