Tax Indemnified Person definition

Tax Indemnified Person has the meaning set forth in Section 4.1.7(a).
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Tax Indemnified Person shall have the meaning specified in Section 10.03(a).
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Tax Indemnified Person has the meaning given such term in Section 7.11(d).
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Examples of Tax Indemnified Person in a sentence

  • The Tax Indemnified Person will give the Tax Indemnitor such information with respect to the Tax Claim as the Tax Indemnitor may reasonably request.

  • Such notice must set out the information with respect to the Tax Assessment that is then available (without the incurring of material additional obligations or expenses which are not reimbursed by the Seller) to the Tax Indemnified Person.

  • If the Tax Indemnified Person fails to give such timely notice to the other party, it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent that such failure to give notice materially and adversely affects the other party’s right to participate in or meaningfully defend the Tax Audit.

  • Main barriers (structural, cultural or related to interchange dynamics) Interviewees cited resource allocation as a key reason for the relatively little time and focus expended toward ethical reflection and communication on their work.

  • If the Tax Indemnified Person fails to give such timely notice to the other Party, it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit to the extent such failure to give notice materially adversely affects the other Party’s right to participate or meaningfully defend in the Tax Audit.

  • If the Tax Indemnified Person fails to give such timely notice to the other party, it shall not be entitled to indemnification for any Taxes arising in connection with such Tax Audit if such failure to give notice adversely affects the other party’s rights to participate in the Tax Audit.

  • Notwithstanding the foregoing, no delay or deficiency on the part of the Tax Indemnified Person in so notifying the Tax Indemnitor will relieve the Tax Indemnitor of any Liability or obligation under this Agreement except to the extent the Tax Indemnitor’s ability to defend such claim has been materially prejudiced as a result of the delay or other deficiency.

  • The Tax Indemnitor may, at its own expense, participate in and, upon notice to the Tax Indemnified Person, assume control of the defense of any Tax Claim for which it is the Tax Indemnitor.

  • The Tax Indemnitor may discharge, at any time, its indemnity obligations by paying the Tax Indemnified Person the amount of the applicable indemnifiable Loss, calculated on the date of such payment.

  • If the Tax Indemnitor assumes control, it will have the exclusive power to contest or settle the Tax Claim and determine the manner in which the contest or settlement occurs, in each case without the participation of the Tax Indemnified Person.


More Definitions of Tax Indemnified Person

Tax Indemnified Person means the Purchaser, its directors and its ‘Principal Officer(s)’ as defined under Section 2(35) of the IT Act.
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Tax Indemnified Person has the meaning ascribed thereto in Section 5(m)(xiii).
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Related to Tax Indemnified Person

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Manager Indemnified Party has the meaning set forth in Section 8(a) hereof.

  • Indemnified Person has the meaning set forth in Section 11.3.

  • Indemnified Party shall have the meaning set forth in Section 5(c).

  • Indemnified Persons has the meaning assigned to such term in Section 7.12(c).

  • Related Indemnified Person of an Indemnitee means (a) any controlling person or controlled affiliate of such Indemnitee, (b) the respective directors, officers, or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents of such Indemnitee or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this definition shall pertain to a controlled affiliate or controlling person involved in the negotiation or syndication of the Facility.