Common use of Notification of Proceedings Clause in Contracts

Notification of Proceedings. In the event that Purchasers receive written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Seller, or Seller receives written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Purchasers, the party receiving such written notice shall notify in writing the potentially affected party within seven calendar days thereof. The failure of any party to give the notice required by this Section 10.5(f) shall not impair that party's rights under this Agreement except to the extent that the other party demonstrates that it has been damaged thereby.

Notification of Proceedings. In the event that Purchasers Purchaser receives written notice of any Tax matter with respect to a Purchased Entity that could affect Sellers, or Sellers receive written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Seller, or Seller receives written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect PurchasersPurchaser, the party receiving such written notice shall notify in writing the potentially affected party within seven calendar days thereoffive Business Days after receipt of such notice. The failure of any party to give the notice required by this Section 10.5(fSECTION 7.7(F) shall not impair that party's rights under this Agreement except to the extent that the other party demonstrates that it has been damaged or prejudiced thereby.

Notification of Proceedings. In the event that Purchasers receive written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Seller, or Seller receives written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Purchasers, the party receiving such written notice shall notify in writing the potentially affected party within seven calendar days thereof. The failure of any party to give the notice required by this Section 10.5(f) shall not impair that party's rights under this Agreement except to the extent that the other party demonstrates that it has been damaged thereby.

Notification of Proceedings. In the event that Purchasers --------------------------- receive written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Seller, or Seller receives written notice of any Tax matter with respect to a Purchased Entity or Corporate Entity that could affect Purchasers, the party receiving such written notice shall notify in writing the potentially affected party within seven calendar days thereof. The failure of any party to give the notice required by this Section 10.5(f) shall not impair that party's rights under this Agreement except to the extent that the other party demonstrates that it has been damaged thereby.