Common use of Notification of Audits or Disputes Clause in Contracts

Notification of Audits or Disputes. Upon the receipt by a party of notice of any pending or threatened Tax audit or assessment which may affect the liability for Taxes that are subject to indemnification hereunder, such party shall promptly notify the other party in writing of the receipt of such notice.

Appears in 5 contracts

Samples: Tax Sharing Agreement (Getty Realty Corp /Md/), Tax Sharing Agreement (Getty Petroleum Corp), Tax Sharing Agreement (General Cigar Holdings Inc)

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Notification of Audits or Disputes. Upon the receipt by a party Party of notice of any pending or threatened Tax audit or assessment assessment, which may affect the liability for Taxes that are subject to indemnification hereunder, such party Party shall promptly notify the other party Parties in writing of the receipt of such notice.

Appears in 2 contracts

Samples: Tax Separation Agreement (Hyatt Hotels Corp), Tax Separation Agreement (Hyatt Hotels Corp)

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