Common use of Procedures Relating to Indemnification of Tax Claims Clause in Contracts

Procedures Relating to Indemnification of Tax Claims. (a) If any Taxing Authority or other Person asserts a Tax Claim, then the party hereto first receiving notice of such Tax Claim promptly shall provide written notice of such Tax Claim to the other party hereto; provided that the failure of Buyer to give such prompt notice to Seller of any such Tax Claim shall not relieve Seller of any of its obligations under this Section 10.8 unless Seller is prejudiced by such failure. Such notice shall specify in reasonable detail the basis for such Tax Claim and shall include a copy of any relevant correspondence received from the Taxing Authority or other Person.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Tiptree Financial Inc.), Membership Interest Purchase Agreement (National Health Investors Inc)

AutoNDA by SimpleDocs

Procedures Relating to Indemnification of Tax Claims. (a) If any Taxing Authority or other Person asserts a Tax Claim, then the party hereto Party first receiving notice of such Tax Claim promptly shall provide written notice of such Tax Claim to the other party heretoParties; provided that that the failure of Buyer any Party to give such prompt notice to Seller of any such Tax Claim shall not relieve Seller a Party of any of its obligations under this Section 10.8 unless Seller is prejudiced by such failure8.10. Such notice shall specify in reasonable detail the basis for such Tax Claim and shall include a copy of any relevant correspondence received from the Taxing Authority or other Person.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quixote Corp)

AutoNDA by SimpleDocs

Procedures Relating to Indemnification of Tax Claims. (a) If any Taxing Authority or other Person asserts a Tax Claim, then the party hereto first receiving notice of such Tax Claim promptly shall provide written notice of such Tax Claim to the other party hereto; provided that the failure of the Buyer to give such prompt notice to Seller the Stockholder Representative of any such Tax Claim shall not relieve Seller the Stockholders of any of its their obligations under this Section 10.8 unless Seller is prejudiced by such failure7.8. Such notice shall specify in reasonable detail the basis for such Tax Claim and shall include a copy of any relevant correspondence received from the Taxing Authority or other Person.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cognizant Technology Solutions Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.