Notification of Contests Sample Clauses

Notification of Contests. Each of Resources, on the one hand, and Seller, on the other hand (the "Recipient"), shall notify the Vice President - Taxes or chief tax officer of the other party in writing within 45 days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments (a "Tax Audit") which are likely to affect the liability for Taxes of such other party. If the Recipient fails to give such prompt notice to the other party, it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit if and to the extent that such other party is actually prejudiced by such failure to give notice.
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Notification of Contests. Seller and its Affiliates, on the one hand, and Buyer and its Affiliates, on the other hand (the “Recipient”), shall notify the other party in writing within ten (10) Business Days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments, assessments, examinations or proceedings (whether judicial or administrative) which may affect the liability for Taxes of such other party or may give rise to an indemnification payment under Section 9.4(a) or Section 9.4(b) by such other party (a “Tax Audit”); provided, that failure to give such notice (or the provision of notice that is not in sufficient detail to notify the other party of the nature of the Tax Audit) shall not void any indemnification obligation hereunder except to the extent such failure to give proper notice materially adversely affects the other party’s right to participate in and contest the Tax Audit.
Notification of Contests. Each of Buyer, on the one hand, and Parents, on the other hand (the “Recipient”), shall notify the chief tax officer (or other appropriate person) of Parents or Buyer, as the case may be, in writing within 15 days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments (a “Tax Audit”) which are likely to affect the liability for Taxes of such other party. If the Recipient fails to give such prompt notice to the other party, it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent that such failure to give notice adversely affects the other party’s right to participate in the Tax Audit.
Notification of Contests. Each of Purchaser, on the one hand, and Seller, on the other hand (the "Recipient"), shall notify the other party in writing within thirty (30) days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments relating to Taxes (a "Tax Audit") which may affect the liability for Taxes of such other party. If the Recipient fails to give such written notice to the other party, the Recipient shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent such failure to give notice affects the other party's ability to participate in the Tax Audit or increases the other party's liability for Taxes;
Notification of Contests. Each of the Purchaser, on the one hand, and the Sellers, on the other hand (the "Recipient"), shall notify the other party in writing within 30 days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments (a "Tax Audit") that may affect the liability for Taxes of such other party.
Notification of Contests. DuPont and its Affiliates, on the one hand, and Buyer and its Affiliates, on the other hand (the "Recipient"), shall notify the other party in writing within ten (10) Business Days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments, assessments, examinations or proceedings (whether judicial or administrative) which may affect the liability for Taxes of such other party or may give rise to an indemnification payment under Section 6.1 by such other party (a "Tax Audit"). If the Recipient fails to give such notice to the other party, or if such notice is not in sufficient detail to notify the other party of the nature of the Tax Audit, the Recipient shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent the other party is actually prejudiced by such failure to give notice.
Notification of Contests. Whenever any Tax Authority sends a notice of an audit, initiates an examination of a Packaging Company or otherwise asserts a claim, makes an assessment or disputes the amount of Taxes (a "Tax Audit") for any Pre-Closing Period or Straddle Period or with respect to a Tax Item relating to the Restructuring, Purchaser shall promp- tly notify Seller of the matters described in this paragraph.
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Notification of Contests. Buyer shall notify the Shareholders' Representative in writing within fifteen (15) days of receipt by Parent, Buyer, PIC or any of their Subsidiaries of written notice of any pending or threatened audits, assessments, inquiries or claims, which may affect the liability for Taxes (including, without limitation, under this Section 12) of the Principal Shareholder. The Shareholders' Representative shall notify Buyer in writing within fifteen (15) days of receipt by any Shareholder of written notice of any pending or threatened audits, assessments, inquiries or claims, which may affect the liability for Taxes (including, without limitation, under this Section 12) of Parent or Buyer. If the Shareholders' Representative or Buyer fails to give such prompt notice to the other party, it shall not be entitled to indemnification for any related Taxes only if (and only to the extent that) such failure to give notice materially prejudices the other party's ability to contest liability for such Taxes.
Notification of Contests. APD and its Affiliates, on the one hand, and Buyer and its Affiliates, on the other hand (the “Recipient”), shall notify the other party in writing within ten (10) Business Days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments, assessments, examinations or proceedings (whether judicial or administrative) (a “Tax Audit”) which may affect the liability for Taxes of such other party or may give rise to an indemnification payment under Section 6.1 by such other party. If the Recipient fails to give such notice to the other party, or if such notice is not in sufficient detail to notify the other party of the nature of the Tax Audit, the Recipient shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent such failure to give notice materially adversely affects the other party’s right to participate in and contest the Tax Audit.
Notification of Contests. Each of Purchaser, on the one hand, and Shareholder, on the other hand (the "Recipient"), shall notify the other party in writing within fifteen (15) days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments (a "Tax Audit") which are likely to affect the liability for Taxes of such other party. If the Recipient fails to give such prompt notice to the other party it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit if such failure to give notice adversely affects the other party's right to participate in the Tax Audit.
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