Notification of Tax Proceedings. Within 10 days after a Controlling Party (or its Subsidiary) becomes aware of the commencement of a Tax Proceeding that may give rise to Taxes for which an Interested Party is responsible pursuant to Article 3, such Controlling Party shall provide notice to the Interested Party of such Tax Proceeding, and thereafter shall promptly forward or make available to the Interested Party copies of notices and communications relating to such Tax Proceeding. The failure of the Controlling Party to provide notice to the Interested Party of the commencement of any such Tax Proceeding within such 10-day period or promptly forward any further notices or communications shall not relieve the Interested Party of any obligation which it may have to the Controlling Party under this Agreement except to the extent that the Interested Party is actually prejudiced by such failure.
Appears in 8 contracts
Samples: Tax Sharing Agreement (Lovarra), Tax Sharing Agreement (Logiq, Inc.), Tax Sharing Agreement (Net Element, Inc.)
Notification of Tax Proceedings. Within 10 days after a Controlling an Indemnified Party (or its Subsidiary) becomes aware of the commencement of a Tax Proceeding that may give rise to Taxes for which an Interested Indemnifying Party is responsible pursuant to Article 3III, such Controlling Indemnified Party shall provide notice to notify the Interested Indemnifying Party in writing of such Tax Proceeding, and thereafter shall promptly forward or make available to the Interested Indemnifying Party copies of all notices and communications relating to such Tax Proceeding. The failure of the Controlling Indemnified Party to provide notice to notify the Interested Indemnifying Party in writing of the commencement of any such Tax Proceeding within such 10-10 day period or promptly forward any further notices or communications shall not relieve the Interested Indemnifying Party of any obligation which it may have to the Controlling Indemnified Party under this Agreement except to the extent that the Interested Party is actually prejudiced by such failureAgreement.
Appears in 2 contracts
Samples: Tax Matters Agreement (HS Spinco, Inc.), Tax Matters Agreement
Notification of Tax Proceedings. Within 10 days after a Controlling Party (or its Subsidiary) becomes aware of the commencement of a Tax Proceeding that may give rise to Taxes for which an Interested Party is responsible pursuant to Article 3, such Controlling Party shall provide notice to the Interested Party of such Tax Proceeding, and thereafter shall promptly forward or make available to the Interested Party copies of notices and communications relating to such Tax Proceeding. The failure of the Controlling Party to provide notice to the Interested Party of the commencement of any such Tax Proceeding within such 10-day period or promptly forward any further notices or communications shall not relieve the Interested Party of any obligation which it may have to the Controlling Party under this Agreement except to the extent that the Interested Party is actually prejudiced by such failure.. Exhibit 10.1
Appears in 1 contract
Samples: Tax Sharing Agreement (Timken Co)
