Common use of Procedures Relating to Tax Claims Clause in Contracts

Procedures Relating to Tax Claims. (a) If Buyer or the Company receives notice of a pending audit of the Company, or if an assessment or written claim for Taxes shall be made by any governmental body or authority, which audit, assessment or claim, if successful, might result in a payment to Buyer pursuant to Section 8.1.1(a) or Section 6 for breach of any representation or warranty under Section 3.7 (a “Tax Claim”), Buyer or the Company shall forward a copy of such Tax Claim to Sellers within 30 days of receipt of such Tax Claim. If Buyer or the Company fails to forward a copy of such Tax Claim within such period, Sellers shall not be liable to the Buyer to the extent Sellers’ position with respect to such Tax Claim is prejudiced as a result of such failure.

Procedures Relating to Tax Claims. (a) If Buyer or the Company Bank receives notice of a pending audit of the CompanyBank, or if an assessment or written claim for Taxes shall be made by any governmental body or authorityGovernmental Authority, which audit, assessment or claim, if successful, might result in a payment to Buyer pursuant to Section 8.1.1(a6.01(a) or Section 6 Article VIII for breach of any representation or warranty under Section 3.7 3.19 (a “Tax Claim”), Buyer or the Company Bank shall forward a copy of such Tax Claim to Sellers Parent within 30 ten (10) days of receipt of such Tax Claim. If Buyer or the Company Bank fails to forward a copy of such Tax Claim within such period, Sellers Parent shall not be liable to the Bank or the Buyer Indemnified Parties to the extent Sellers’ Parent’s position with respect to such Tax Claim is prejudiced as a result of such failure.

Procedures Relating to Tax Claims. (a) If Buyer or the Company receives notice of a pending audit of the Company, or if an assessment or written claim for Taxes shall be made by any governmental body or authorityTaxing Authority, which audit, assessment or claim, if successful, might result in a payment to Buyer pursuant to Section 8.1.1(a12.1(a) or Section 6 13.1 or for breach of any representation or warranty under Section 3.7 6.13 (a “Tax Claim”), Buyer or the Company shall forward a copy of such Tax Claim to Sellers Seller Parties’ Representative within 30 ten (10) days of receipt of such Tax Claim. If Buyer or the Company fails to forward a copy of such Tax Claim within such period, Sellers Seller Parties shall not be liable to the Company or the Buyer Indemnified Persons to the extent SellersSeller Parties’ position with respect to such Tax Claim is prejudiced as a result of such failure.