Common use of Tax Proceedings Clause in Contracts

Tax Proceedings. (a) The Company shall promptly notify St. Xxxx in writing upon receipt by the Company or any of its Affiliates, including USF&G Family, of notice of any pending or threatened audit, assessment, or judicial or administrative proceeding involving Taxes ("TAX PROCEEDING") with respect to Platinum US for which St. Xxxx would be required to indemnify the Company pursuant to Section 8.01, provided that the failure of the Company to give such notice shall not relieve St. Xxxx of its indemnification obligation under Section 8.01, except to the extent St. Xxxx is materially prejudiced thereby.

Tax Proceedings. (a) The Company shall promptly notify St. Xxxx in writing upon receipt by the Company or any of its Affiliates, including USF&G FamilyPlatinum US, of notice of any pending or threatened audit, assessment, or judicial or administrative proceeding involving Taxes ("TAX PROCEEDING") with respect to Platinum US for which St. Xxxx would be required to indemnify the Company pursuant to Section 8.01, provided that the failure of the Company to give such notice shall not relieve St. Xxxx of its indemnification obligation under Section 8.01, except to the extent St. Xxxx is materially prejudiced thereby.

Tax Proceedings. (a) The Company shall promptly notify St. Xxxx in writing upon receipt by the Company or any of its Affiliates, including USF&G FamilyPlatinum US, of notice of any pending or threatened audit, assessment, or judicial or administrative proceeding involving Taxes ("TAX PROCEEDINGTax Proceeding") with respect to Platinum US for which St. Xxxx would be required to indemnify the Company pursuant to Section 8.01, provided that the failure of the Company to give such notice shall not relieve St. Xxxx of its indemnification obligation under Section 8.01, except to the extent St. Xxxx is materially prejudiced thereby.