Tax Proceedings relating to Single Business Returns. Except as provided in Sections 5.02(a) and 5.03, the Indemnifying Party shall be entitled to contest, compromise and settle any Adjustment proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Single Business Return for which the Indemnifying Party is responsible pursuant to Article III and any such defense shall be made diligently and in good faith; provided, that the Indemnifying Party shall keep the Indemnified Party informed in a timely manner of all actions proposed to be taken by the Indemnifying Party and shall permit the Indemnified Party to participate in all proceedings with respect to such Tax Proceeding.
Appears in 8 contracts
Samples: Tax Matters Agreement (Netscout Systems Inc), Tax Matters Agreement (Nabors Industries LTD), Tax Matters Agreement (C&J Energy Services Ltd.)
Tax Proceedings relating to Single Business Returns. Except as provided in Sections 5.02(a) and Section 5.03, the Indemnifying Party shall be entitled to contest, compromise compromise, control and settle any Adjustment adjustment or deficiency proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Single Business Return for which the Indemnifying Party is responsible pursuant to Article III and any such defense shall be made diligently and in good faith; provided, that the Indemnifying Party shall keep the Indemnified Party informed in a timely manner of all actions proposed to be taken by the Indemnifying Party and shall permit the Indemnified Party to participate in all proceedings with respect to such Tax Proceeding.
Appears in 4 contracts
Samples: Tax Matters Agreement (Interval Leisure Group, Inc.), Separation Agreement (Starwood Hotel & Resorts Worldwide, Inc), Tax Matters Agreement (Vistana Signature Experiences, Inc.)
