Buyer Tax Indemnified Party definition

Buyer Tax Indemnified Party means Buyer or any of its Affiliates (including, from and after the Closing, the Companies).

Buyer Tax Indemnified Party means Buyer, any of its Affiliates and, effective upon the Closing, the Transferred Entities.

Buyer Tax Indemnified Party has the meaning set forth in Section 5.9(d).

Examples of Buyer Tax Indemnified Party in a sentence

• The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed.

• The amount of any indemnification due from Sellers to any Buyer Tax Indemnified Party pursuant to the provisions of this Agreement shall be net of any actual Tax Benefit received by the Companies that are directly attributable to the Loss relating to such indemnity payment.

• The Buyer shall have the right to participate in the conduct of the defense of any Tax Claim controlled by Sellers and the Sellers (at their expense) will have the right to participate in any Tax Claim that is not controlled by Sellers that involves any matter for which the Sellers would be obligated to indemnify a Buyer Tax Indemnified Party.

• Seller shall make any indemnification payment pursuant to this Section 6.1 to the Buyer Tax Indemnified Party using immediately available funds by wire transfer to an account designated in writing by the Buyer Tax Indemnified Party.

• Each Lot on which a residential dwelling is constructed shall have and contain an underground water sprinkler system for the purpose of providing sufficient water to all front yards and all side yards not enclosed by solid fencing.

• If Seller objects in writing to any claim by the Buyer Tax Indemnified Party made in a Claim Certificate, Buyer and Seller shall attempt in good faith to resolve such objection; provided, however, that no such objection shall relieve Seller of any indemnity obligation under this Agreement.