Common use of Tax Audit Clause in Contracts

Tax Audit. If FSTAT is audited by any taxing authority(ies) in connection with the Services, FSTAT and Customer agree to reasonably cooperate in the event of a potential challenge to the assessment by the taxing authority(ies), and Customer shall not unreasonably condition, delay, or withhold that cooperation to FSTAT. The party requesting to challenge the audit assessment will be responsible for all legal fees and other expenses related to such challenge. Any fines, penalties, interest, and additions to Taxes or similar liabilities imposed as a result of the audit, will be passed onto Customer in a manner consistent with this Section, except for any late payment penalties and interest which would be the responsibility of FSTAT due to its failure to timely remit Taxes.