Common use of Status and Other Information Regarding Audits and Litigation Clause in Contracts

Status and Other Information Regarding Audits and Litigation. Each party shall use reasonable efforts to keep the other party advised, as to the status of Tax audits and litigation involving any issue relating to any Taxes, Tax Returns or Tax Benefits subject to indemnification under this Agreement. To the extent relating to any such issue, each party shall promptly furnish the other party copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent's report or similar report, notice of proposed adjustment or notice of deficiency.

Appears in 3 contracts

Samples: Tax Sharing Agreement (General Cigar Holdings Inc), Tax Sharing Agreement (Getty Petroleum Marketing Inc), Tax Sharing Agreement (Getty Petroleum Corp)

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Status and Other Information Regarding Audits and Litigation. Each party shall use reasonable best efforts to keep the other party advised, as to the status of Tax audits and litigation involving any issue relating to any Taxes, Tax Returns or Tax Benefits subject to indemnification under this Agreement. To the extent relating to any such issue, each party shall promptly furnish the other party copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent's report or similar report, notice of proposed adjustment or notice of deficiency.

Appears in 2 contracts

Samples: Sharing Agreement (Host Marriott Corp/Md), Stock Purchase Agreement (Five Star Quality Care Inc)

Status and Other Information Regarding Audits and Litigation. Each party Party shall use reasonable efforts to keep the other party advised, Parties advised as to the status of Tax audits and litigation involving any issue relating to any Taxes, Tax Returns or Tax Benefits subject to indemnification under this Agreement. To the extent relating to any such issue, each party Party shall promptly furnish the other party Parties copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent's ’s report or similar report, notice of proposed adjustment or notice of deficiency.

Appears in 2 contracts

Samples: Tax Separation Agreement (Hyatt Hotels Corp), Tax Separation Agreement (Hyatt Hotels Corp)

Status and Other Information Regarding Audits and Litigation. Each party shall use reasonable efforts to keep the other party advised, as to the status of Tax audits and litigation involving any issue relating to any Taxes, Tax Returns or Tax Benefits subject to indemnification under this Agreement. To the extent relating to any such issue, each party shall promptly furnish the other party copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent's ’s report or similar report, notice of proposed adjustment or notice of deficiency.

Appears in 1 contract

Samples: Tax Sharing Agreement (Getty Realty Corp /Md/)

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Status and Other Information Regarding Audits and Litigation. Each ------------------------------------------------------------ party shall use reasonable best efforts to keep the other party advised, as to the status of Tax audits and litigation involving any issue relating to any Taxes, Tax Returns or Tax Benefits subject to indemnification under this Agreement. To the extent relating to any such issue, each party shall promptly furnish the other party copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent's report or similar report, notice of proposed adjustment or notice of deficiency.

Appears in 1 contract

Samples: Tax Sharing Agreement (Crestline Capital Corp)

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