Common use of Receipt of Reserve Notice Clause in Contracts

Receipt of Reserve Notice. Prior to the delivery of any Tax Benefit Schedule or other Schedule by Holdings to RIHI pursuant to Section 2.4, the auditors for Holdings shall consult with the management of Holdings and, if necessary, the Advisory Firm or other legal or accounting advisors to Holdings regarding the substantive Tax issues and related conclusions that underlie the calculations related to the determination of the Tax Benefit Payments required under this Agreement. If, following such consultation, the auditors for Holdings reasonably determine that a Tax reserve or contingent liability must be established by Holdings or RMCO for financial accounting purposes (as determined in accordance with GAAP) in relation to any past or future Tax position that affects the amount of any past or future Tax Benefit Payments that have been made or that may be made under this Agreement, then the management of Holdings shall notify the Audit Committee of such determination (a “Reserve Notice”).

Receipt of Reserve Notice. Prior to the delivery of any Tax Benefit Schedule or other Schedule by Holdings to RIHI WP pursuant to Section 2.4, the auditors for Holdings shall consult with the management of Holdings and, if necessary, the Advisory Firm or other legal or accounting advisors to Holdings regarding the substantive Tax issues and related conclusions that underlie the calculations related to the determination of the Tax Benefit Payments required under this Agreement. If, following such consultation, the auditors for Holdings reasonably determine that a Tax reserve or contingent liability must be established by Holdings or RMCO for financial accounting purposes (as determined in accordance with GAAP) in relation to any past or future Tax position that affects the amount of any past or future Tax Benefit Payments that have been made or that may be made under this Agreement, then the management of Holdings shall notify the Audit Committee of such determination (a “Reserve Notice”).

Receipt of Reserve Notice. Prior to the delivery of any Tax Benefit Schedule or other Schedule by Holdings the Corporation to RIHI the Members pursuant to Section 2.4, the auditors for Holdings the Corporation shall consult with the management of Holdings the Corporation and, if necessary, the Advisory Firm or other legal or accounting advisors to Holdings the Corporation regarding the substantive Tax tax issues and related conclusions that underlie the calculations related to the determination of the Tax Benefit Payments required under this Agreement. If, following such consultation, the auditors for Holdings the Corporation reasonably determine that a Tax tax reserve or contingent liability must be established by the Corporation or Xxxx Holdings or RMCO for financial accounting purposes (as determined in accordance with GAAP) in relation to any past or future Tax tax position that affects the amount of any past or future Tax Benefit Payments that have been made or that may be made under this Agreement, then the management of Holdings the Corporation shall notify the Audit Committee of such determination (a “Reserve Notice”).