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 that the failure of either party to give such prompt notice of any such Tax Claim shall not relieve a party of any of its obligations under this Section 8.10. 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)

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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 shall promptly shall provide written notice of such Tax Claim to the other party hereto; provided that that the failure of either party to give such prompt notice of any such Tax Claim shall not relieve a party of any of its obligations under this Section 8.10. 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 (Mandalay Media, Inc.)

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 parties hereto; provided that that the failure of either party Buyer to give such prompt notice to Seller of any such Tax Claim shall not relieve a party Seller of any of its obligations under this Section 8.109.10. 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: Share Purchase Agreement (Universal Gold Mining Corp.)

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Procedures Relating to Indemnification of Tax Claims. (a) If any Taxing Authority or other Person asserts a Tax Claim, then the party Party hereto first receiving notice of such Tax Claim promptly shall provide written notice of such Tax Claim to the other party Party hereto; provided that that the failure of either party Buyer to give such prompt notice to Sellers of any such Tax Claim shall not relieve a party Sellers of any of its obligations under this Section 8.109.9. 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 (China Tel Group Inc)

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