Common use of Procedures Regarding Opinions Clause in Contracts

Procedures Regarding Opinions. (a) If either Party (the “Acting Party”) notifies the other Party (the “Non-Acting Party”) that it desires to take one of the actions described in clauses (i) through (vi) of Section 3.02(c) (a “Notified Action”), the parties shall cooperate and use commercially reasonable best efforts to attempt to obtain the Unqualified Tax Opinion referred to in Section 3.02(c), unless the Non-Acting Party shall have waived in writing the requirement to obtain the Unqualified Tax Opinion. Each Party shall bear its own costs and expenses of obtaining the Unqualified Tax Opinion.

Appears in 4 contracts

Samples: Tax Matters Agreement (Capital Southwest Corp), Tax Matters Agreement (CSW Industrials, Inc.), Tax Matters Agreement (CSW Industrials, Inc.)

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