Common use of Tax Dispute Indemnity and Control of Proceedings Clause in Contracts

Tax Dispute Indemnity and Control of Proceedings. (a) Whenever a Party becomes aware of the existence of an issue which relates to any Tax liability of the other Party (a “Disputed Tax Issue” of such other Party), and the rights or responsibilities under this Agreement of such Party may be affected by the resolution of such Disputed Tax Issue, such Party (a “Disputed Tax Issue Indemnitee”) shall promptly notify the other Party (the “Disputed Tax Issue Indemnitor”) of the Disputed Tax Issue. The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue.

Appears in 4 contracts

Samples: Tax Matters Agreement (AgeX Therapeutics, Inc.), Tax Sharing Agreement, Tax Sharing Agreement (Cheniere Energy Partners LP Holdings, LLC)

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