Notification by NavTech Sample Clauses

Notification by NavTech. Upon the receipt by NavTech of notice of any pending or threatened Tax audit, inquiry or assessment which may affect the liability for Taxes relative to the Taxable Periods, NavTech shall promptly notify the Principal Shareholder and New SEI in writing of such receipt. Furthermore, NavTech agrees not to respond, without the consent of the Principal Shareholder and New SEI (which consent shall not unreasonably be withheld), to a notice of any pending or threatened Taxes audit, inquiry or assessment relative to the Taxable Periods in a manner that would adversely affect the liability for Taxes (or interest and/or penalties thereon).