Common use of Timing of Indemnity Payments Clause in Contracts

Timing of Indemnity Payments. Any indemnity payments required by this Section 3 shall be made within 10 days after a final determination of an indemnified tax liability. For this purpose, an agreement between the corporation liable for an asserted tax deficiency and the relevant tax authority to settle the claimed deficiency shall constitute a final determination.

Timing of Indemnity Payments. Any indemnity payments required by this Section 3 5 shall be made within 10 days after a final determination of an indemnified tax liability. For this purpose, an agreement between the corporation liable for an asserted tax deficiency and the relevant tax authority to settle the claimed deficiency shall constitute a final determination.