Common use of Notification of Audit Clause in Contracts

Notification of Audit. Each of Alloy and xXXxX*s shall give written notice to the other party of any audit of the Alloy Consolidated Group Tax Return for any Pre-Distribution Taxable Period or Straddle Period within ten (10) business days after receipt of written notification of such audit from the IRS. Such notice shall include a copy of the notification received from the IRS.

Notification of Audit. Each of Alloy and xXXxX*s shall give written notice to the other party of any audit of the Alloy Consolidated Group Tax a Combined Return for any Pre-Distribution Taxable Period or Straddle Period within ten (10) business days after receipt of written notification of such audit from the IRSa Tax Authority. Such notice shall include a copy of the notification received from the IRSrelevant Tax Authority.