Payments Relating to Commissions Sample Clauses

Payments Relating to Commissions. The Reinsurer shall pay to the Ceding Company those payments set forth on Schedule 4.6, which shall be reflected in the monthly settlement report prepared and delivered pursuant to Section 4.9.
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Payments Relating to Commissions. 4.6-1 AMERICAN PIONEER COMMISSIONS Expressed as percentage of premium. Policy Year Annuity la05 All 4.5 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1A07 All 8.5 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1a073 All 8.5 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1B05 All 4.5 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1B07 All 4.5 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1B073 All 4.5 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1B10 All 11 % 4 % 4 % 4 % 4 % 3 % 3 % 3 % 3 % 3 % 3 % 1BRH 1-74 7 % 1 % 1 % 1 % 1 % 0 % 0 % 0 % 0 % 0 % 0 % 75-78 5 % 1 % 1 % 1 % 1 % 0 % 0 % 0 % 0 % 0 % 0 % 79 5 % 1 % 1 % 1 % 1 % 0 % 0 % 0 % 0 % 0 % 0 % 80 3 % 1 % 1 % 1 % 1 % 0 % 0 % 0 % 0 % 0 % 0 % 1BRHN All 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % FPDA5 All 6 % 4 % 4 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % FPDA6 All 6 % 4 % 4 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % FPDA7 All 6 % 4 % 4 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % FPDA8 All 6 % 4 % 4 % 4 % 4 % 0 % 0 % 0 % 0 % 0 % 0 % SPDA5 All 7.5 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % SPDA7 All 7.5 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % Senior Life 1gd05 0-75 125 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85 93 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 1GGRD 0-75 125 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85 93 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 1GM01 All 100 % 9 % 9 % 9 % 9 % 7 % 7 % 7 % 7 % 7 % 3 % 1GPOM 0-75 125 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85 93 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 1GW01 All 100 % 9 % 9 % 9 % 9 % 7 % 7 % 7 % 7 % 7 % 3 % 1LD05 0-75 130 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85 98 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % Traditional lhhw All 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1IPW All 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1JAA 0-19 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 20+ 90 % 12 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 3 % 1JBA 0-19 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 20+ 90 % 12 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 3 % 1JDD 0-49 95 % 12 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 3 % 50+ 75 % 12 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 7 % 3 % 1JKE1 All 65 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 3 % 1JKF1 All 75 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 6 % 3 % 1JMC All 105 % 15 % 8 % 8 % 8 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 3 % 1JME All 100 % 9 % 9 % 9 % 9 % 7 % 7 % 7 % 7 % 7 % 3 % 1JMF All 105 % 15 % 8 % 8 % 8 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 3 % 1JNA All 260 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 1JWA All 105 % 15 % 8 % 8 % 8 % 7.5 % 7.5 %...
Sample 1
Payments Relating to Commissions. 4.6-1 PYRAMID LIFE COMMISSIONS Expressed as percentage of premium. Policy Year LOB Plan IA 1 2 3 4 5 6 7 8 9 10 11 12+ Annuity CA3 0-75 2.2 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 76+ 2.15 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % CA5 0-75 3.95 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 76-80 3.45 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 81+ 2.95 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % CA7 0-75 5.45 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 76-80 4.65 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 81+ 3.95 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % FPDA5 60+ 6.0 % 4.0 % 4.0 % 4.0 % 4.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Senior Life PSR All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % RPU80 All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Traditional ETI All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % L31 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L54B1 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L54B2 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L54B3 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L54B4 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L70 All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % L78 All 100 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % RPU41 All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % RPU58 All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % RPU80 All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % RPUAE All 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % SIWL All 93.3 % 15.5 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 7.0 % 3.0 % 3.0 % T4039 0-44 82.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 3.0 % 45-54 84.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 3.0 % 55-64 86.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 3.0 % 65+ 88.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 3.0 % T4061 0-44 82.0 % 10.0 % 10.0 % ...
Sample 1
Payments Relating to Commissions. 4.6-1 AMERICAN EXCHANGE / MARQUETTE NATIONAL COMMISSIONS Expressed as percentage of premium. Policy Year Senior Life 1GD05 0-84 125 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85+ 93 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 1LD05 0-84 130 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % 85+ 98 % 15 % 15 % 15 % 15 % 10 % 10 % 10 % 10 % 10 % 3 % Traditional 5JDF All 60 % 10 % 10 % 10 % 10 % 10 % 10 % 10 % 10 % 10 % 10 % 5JHW All 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 5JME All 80 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 7.5 % 0 % 5JPW All 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 0 % 5JWA1 All 95 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 5JWA3 All 95 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 5JWE All 95 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % 11 % Schedule 4.9
Sample 1
Payments Relating to Commissions. 4.6-1 UNION BANKERS COMMISSIONS Expressed as percentage of premium. Policy Year Annuity FPDA All 4.5 % 4.0 % 4.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % 0.0 % Traditional 10P01 All 130.0 % 22.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 0 % 10R01 All 130.0 % 22.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 0 % 10YT All 130.0 % 22.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 10.0 % 3.0 % 0 % 1101 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1102 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1104 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1105 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1106 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 110A All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1112 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1122 All 102.0 % 31.0 % 21.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 2.0 % 2.0 % 1123 All 92.0 % 12.0 % 8.0 % 8.0 % 8.0 % 8.0 % 8.0 % 8.0 % 8.0 % 8.0 % 2.0 % 2.0 % 1163 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1A06 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1A09 All 103.0 % 26.0 % 9.0 % 9.0 % 9.0 % 9.0 % 9.0 % 9.0 % 9.0 % 9.0 % 3.0 % 3.0 % 1A13 All 92.0 % 22.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 2.0 % 2.0 % 1A14 All 92.0 % 22.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 2.0 % 2.0 % 1A26 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1A29 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1A57 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1D27 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1J28 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1J52 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 1J67 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 2252 All 100.0 % 20.0 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 8.5 % 2.0 % 2.0 % 225B All 102.0 % 31.0 % 21.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 2.0 % 2.0 % 5E00 All 92.0 % 19.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 11.0 % 2.0 % 2...
Sample 1

Related to Payments Relating to Commissions

  • Certain Rules Relating to the Payment of Additional Amounts (a) Upon the request, and at the expense of the Borrower, each Lender and Agent to which the Borrower is required to pay any additional amount pursuant to Subsection 4.10 or 4.11, and any Participant in respect of whose participation such payment is required, shall reasonably afford the Borrower the opportunity to contest, and reasonably cooperate with the Borrower in contesting, the imposition of any Non-Excluded Tax giving rise to such payment; provided that (i) such Lender or Agent shall not be required to afford the Borrower the opportunity to so contest unless the Borrower shall have confirmed in writing to such Lender or Agent its obligation to pay such amounts pursuant to this Agreement and (ii) the Borrower shall reimburse such Lender or Agent for its reasonable attorneys’ and accountants’ fees and disbursements incurred in so cooperating with the Borrower in contesting the imposition of such Non-Excluded Tax; provided, however, that notwithstanding the foregoing no Lender or Agent shall be required to afford the Borrower the opportunity to contest, or cooperate with the Borrower in contesting, the imposition of any Non-Excluded Taxes, if such Lender or Agent in its sole discretion in good faith determines that to do so would have an adverse effect on it.

  • Disclosure Relating to Certain Federal Protections The parties acknowledge that they have been advised that:

  • Definitions of Key Terms Relating to Additional Rent As used in this Article 4, the following terms shall have the meanings hereinafter set forth:

  • Savings Clause Relating to Compliance with Code Section 409A Despite any contrary provision of this Agreement, if when the Executive’s employment terminates the Executive is a specified employee, as defined in Code section 409A, and if any payments under Article 2 of this Agreement will result in additional tax or interest to the Executive because of section 409A, the Executive shall not be entitled to the payments under Article 2 until the earliest of (x) the date that is at least six months after termination of the Executive’s employment for reasons other than the Executive’s death, (y) the date of the Executive’s death, or (z) any earlier date that does not result in additional tax or interest to the Executive under section 409A. If any provision of this Agreement would subject the Executive to additional tax or interest under section 409A, the Bank shall reform the provision. However, the Bank shall maintain to the maximum extent practicable the original intent of the applicable provision without subjecting the Executive to additional tax or interest, and the Bank shall not be required to incur any additional compensation expense as a result of the reformed provision.

  • Covenants Relating to Rule 144 For so long as the Company is subject to the reporting requirements of Section 13 or 15 of the Securities Act, the Company covenants that it will file the reports required to be filed by it under the Securities Act and Section 13(a) or 15(d) of the Exchange Act and the rules and regulations adopted by the Commission thereunder. If the Company ceases to be so required to file such reports, the Company covenants that it will upon the request of any Holder of Registrable Securities (a) make publicly available such information as is necessary to permit sales pursuant to Rule 144 under the Securities Act, (b) deliver such information to a prospective purchaser as is necessary to permit sales pursuant to Rule 144A under the Securities Act and it will take such further action as any Holder of Registrable Securities may reasonably request, and (c) take such further action that is reasonable in the circumstances, in each case, to the extent required, from time to time, to enable such Holder to sell its Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to time, (ii) Rule 144A under the Securities Act, as such rule may be amended from time to time, or (iii) any similar rules or regulations hereafter adopted by the Commission. Upon the request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements and of the Securities Act and the Exchange Act (at any time after it has become subject to the reporting requirements of the Exchange Act), a copy of the most recent annual and quarterly report(s) of the Company, and such other reports, documents or stockholder communications of the Company, and take such further actions consistent with this Section 8(a), as a Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing a Holder to sell any such Registrable Securities without registration.

  • Additional Provisions Relating to Customer 6.1 Representations of Customer and Bank

  • Procedures Relating to Indemnification (a) Any party seeking indemnification under Section 6.01 (an “Indemnified Party”) shall promptly give the Party from whom indemnification is being sought (an “Indemnifying Party”) notice of any matter which such Indemnified Party has determined has given or would reasonably be expected to give rise to a right of indemnification under this Agreement stating in reasonable detail the factual basis of the claim to the extent known by the Indemnified Party, and containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed or arises; provided that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this Article VI except to the extent the Indemnifying Party is materially prejudiced by such failure. With respect to any recovery or indemnification sought by an Indemnified Party from the Indemnifying Party that does not involve a Third Party Claim, if the Indemnifying Party does not notify the Indemnified Party within thirty (30) days from its receipt of the notice from the Indemnified Party that the Indemnifying Party disputes such claim, the Indemnifying Party shall be deemed to have accepted and agreed with such claim. If the Indemnifying Party has disputed a claim for indemnification (including any Third Party Claim), the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution to such dispute. If the Indemnifying Party and the Indemnified Party cannot resolve such dispute in thirty (30) days after delivery of the dispute notice by the Indemnifying Party, such dispute shall be resolved by arbitration pursuant to Section 7.02.

  • Determinations Relating to Collateral In the event (i) the Indenture Trustee shall receive any written request from the Issuer or any other obligor for consent or approval with respect to any matter or thing relating to any Collateral or the Issuer's or any other obligor's obligations with respect thereto or (ii) there shall be due to or from the Indenture Trustee under the provisions hereof any performance or the delivery of any instrument or (iii) the Indenture Trustee shall become aware of any nonperformance by the Issuer or any other obligor of any covenant or any breach of any representation or warranty of the Issuer or any other obligor set forth in this Indenture, then, in each such event, the Indenture Trustee shall be entitled to hire experts, consultants, agents and attorneys to advise the Indenture Trustee on the manner in which the Indenture Trustee should respond to such request or render any requested performance or response to such nonperformance or breach (the expenses of which will be reimbursed to the Agent and the Indenture Trustee pursuant to Section 807). The Indenture Trustee will be fully protected in the taking of any action recommended or approved by any such expert, consultant, agent or attorney or agreed to by the Majority Holders of the Outstanding Notes.

  • General Provisions Relating to Transfers and Exchanges (1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request.

  • Procedures Relating to Indemnification of Tax Claims If a claim shall be made by any taxing authority, which, if successful, might result in an indemnity payment to the Buyer, one of its affiliates or any of their respective directors, officers, employees, stockholders, agents or representatives pursuant to Section 9(a), then the Buyer shall give notice to the Sellers in writing of such claim and of any counterclaim the Buyer proposes to assert (a "Tax Claim"); provided, however, that the failure to give such notice shall not affect the -------- ------- indemnification provided hereunder except to the extent the Sellers have been actually and materially prejudiced as a result of such failure. If a Tax Claim shall be made by any taxing authority, which, if successful, might result in an indemnity payment to either of the Sellers or one of their affiliates pursuant to Section 9(a), then the Sellers shall give notice to the Buyer in writing of such Tax Claim; provide, however, that the failure to give such notice shall not ------- ------- affect the indemnification provided hereunder except to the extent the Buyer has been actually and materially prejudiced as a result of such failure. With respect to any Tax Claim relating to a taxable period ending on or prior to December 31, 1998, the Sellers shall control all proceedings and may make all decisions taken in connection with such Tax Claim (including selection of counsel) and, without limiting the foregoing, may in their sole discretion pursue or forego any and all administrative appeals, proceedings, hearings and conferences with any taxing authority with respect thereto, and may, in their sole discretion, either pay the Tax claimed and xxx for a refund where applicable law permits such refund suits or contest the Tax Claim in any permissible manner; provided, however, that the Sellers must first consult in -------- ------- good faith with the Buyer before taking any action with respect to the conduct of a Tax Claim. Notwithstanding the foregoing, (i) the Sellers shall not settle any Tax Claim without the prior written consent of the Buyer, which consent shall not be unreasonably withheld, (ii) the Buyer, and counsel of its own choosing, shall have the right to participate fully in all aspects of the defense of such Tax Claim, (iii) the Sellers shall inform the Buyer, reasonably promptly in advance, of the date, time and place of all administrative and judicial meetings, conferences, hearings and other proceedings relating to such Tax Claim, (iv) the Buyer shall be entitled to have its representatives (including counsel, accountants and consultants) attend and participate in any such administrative and judicial meetings, conferences, hearings and other proceedings relating to such Tax Claim and (v) the Sellers shall provide to the Buyer all information, document requests and responses, proposed notices of deficiency, notices of deficiency, revenue agent's reports, protests, petitions and any other documents relating to such Tax Claim promptly upon receipt from, or in advance of submission to (as the case may be), the relevant taxing authority. The Sellers and the Buyer shall jointly control and participate in all proceedings taken in connection with any Tax Claim relating to Taxes of the Company for a Straddle Period. Neither the Sellers nor the Buyer shall settle any such Tax Claim without the prior written consent of the other. The Buyer shall control all proceedings with respect to any Tax Claim relating to a taxable period beginning after December 31, 1998. None of the Sellers shall have any right to participate in the conduct of any such proceeding. The Buyer shall, and shall cause the Company and each of its affiliates, on the one hand, to, and each Seller and its affiliates, on the other hand, shall, reasonably cooperate in contesting any Tax Claim, which cooperation shall include the retention and, upon request, the provision to the requesting person of records and information which are reasonably relevant to such Tax Claim, and making employees available on a mutually convenient basis to provide additional information or explanation of any material provided hereunder or to testify at proceedings relating to such Tax Claim.

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