Common use of Procedures Relating to Tax Claims Clause in Contracts

Procedures Relating to Tax Claims. (i) If any Taxing Authority makes 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. 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.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cambrex Corp), Purchase and Sale Agreement (Amneal Pharmaceuticals, Inc.)

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Procedures Relating to Tax Claims. (ia) If any Taxing Authority or other Person makes 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. 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 AuthorityAuthority or other Person.

Appears in 2 contracts

Samples: Stock Purchase Agreement (PAS, Inc.), Membership Interest Purchase Agreement (M & F Worldwide Corp)

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