Common use of Product Tax Claims Clause in Contracts

Product Tax Claims. (a) The Buyer Indemnified Persons may, within the applicable time period specified in Section 7.1(a) but subject to Section 7.9(b)(ii), bring a claim pursuant to Section 7.2(a)(i) that relates to a breach of a representation or warranty under Section 3.15 even if no related Third Party Claim has first been asserted or made against Buyer or the Company with respect thereto (a “Direct Product Tax Claim”); provided, however, that any Direct Product Tax Claim must be based on the good faith determination by Buyer that a breach of a representation or warranty under Section 3.15 has occurred. If any Buyer Indemnified Person brings a Direct Product Tax Claim, Seller and Buyer shall cooperate in good faith to determine whether any breach of a representation or warranty under Section 3.15 has occurred and, if necessary, to develop corrective measures that are appropriate, reasonable, cost-efficient and effective, taking into account all of the relevant facts and circumstances then applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allstate Corp)

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Product Tax Claims. (a) The Buyer Indemnified Persons may, within the applicable time period specified in Section 7.1(a) but subject to Section 7.9(b)(ii7.8(b)(ii), bring a claim pursuant to Section 7.2(a)(i) that relates to a breach of a representation or warranty under Section 3.15 3.30 even if no related Third Party Claim has first been asserted or made against Buyer or the Company with respect thereto (a “Direct Product Tax Claim”); provided, however, that any Direct Product Tax Claim must be based on the good faith determination by Buyer that a breach of a representation or warranty under Section 3.15 3.30 has occurred. If any Buyer Indemnified Person brings a Direct Product Tax Claim, Seller Sellers and Buyer shall cooperate in good faith to determine whether any breach of a representation or warranty under Section 3.15 3.30 has occurred and, if necessary, to develop corrective measures that are appropriate, reasonable, cost-efficient and effective, taking into account all of the relevant facts and circumstances then applicablecircumstances.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allstate Corp)

Product Tax Claims. (a) The Buyer Indemnified Persons may, within the applicable time period specified in Section 7.1(a) but subject to Section 7.9(b)(ii7.8(b)(ii), bring a claim pursuant to Section 7.2(a)(i) that relates to a breach of a representation or warranty under Section 3.15 3.26 even if no related Third Party Claim has first been asserted or made against Buyer or the Company Companies with respect thereto (a “Direct Product Tax Claim”); provided, however, that any Direct Product Tax Claim must be based on the good faith determination by Buyer that a breach of a representation or warranty under Section 3.15 3.26 has occurred. If any Buyer Indemnified Person brings a Direct Product Tax Claim, Seller AIC and Buyer shall cooperate in good faith to determine whether any breach of a representation or warranty under Section 3.15 3.26 has occurred and, if necessary, to develop corrective measures that are appropriate, reasonable, cost-efficient and effective, taking into account all of the relevant facts and circumstances then applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Allstate Corp)

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Product Tax Claims. (a) The Buyer Indemnified Persons may, within the applicable time period specified in Section 7.1(a) ), but subject to Section 7.9(b)(ii8.7(b)(ii), bring a claim pursuant to Section 7.2(a)(i8.1(a)(iii) that relates to a breach of a representation or warranty under Section 3.15 3.25 even if no related Third Party Claim has first been asserted or made against Buyer or the Company with respect thereto (a “Direct Product Tax Claim”); provided, however, that any Direct Product Tax Claim must be based on the good faith determination by Buyer that a breach of a representation or warranty under Section 3.15 3.25 has occurred. If any Buyer Indemnified Person brings a Direct Product Tax Claim, Seller and Buyer shall cooperate in good faith to determine whether any breach of a representation or warranty under Section 3.15 3.25 has occurred and, if necessary, to 66 develop corrective measures that are appropriate, reasonable, cost-efficient and effective, taking into account all of the relevant facts and circumstances then applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (CNO Financial Group, Inc.)

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