Liability Issue definition

Liability Issue has the meaning prescribed in Section 5.1(c).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Liability Issue has the meaning set forth in Section 6.01(b) of this Agreement.

Liability Issue has the meaning prescribed in Section 3.03(b).

Examples of Liability Issue in a sentence

• Without limiting the foregoing, Parent and Spinco, as the case may be, shall each promptly furnish to the other within 30 days of receipt a copy of the relevant section of the revenue agent’s report or similar report, notice of proposed adjustment, or notice of deficiency received by Parent or its Affiliate or by Spinco or its Affiliate, as the case may be, relating to any Liability Issue or any adjustment referred to in this Section 5.2(b).

• Torchmark and WRFI shall use reasonable efforts to keep each other advised as to the status of Tax audits and other proceedings involving any issue which relates to any Tax of the other or its Subsidiaries or could give rise to a Tax liability or a Tax Refund of the other or its Subsidiaries under this Agreement (a "Liability Issue").

• Parent and Spinco shall promptly furnish each other copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to the other party.

• Without limiting the generality of the foregoing, PKS and KMC, as the case may be, shall each promptly furnish to the other upon receipt of a copy of any RAR or similar report, notice of proposed adjustment, or notice of deficiency received by PKS or any PKS Affiliate or by KMC or any KMC Affiliate, as the case may be, and, if requested, all other documents relating to any Liability Issue of the other Party.

• The Notifying Party shall promptly furnish such other Party copies of any inquiries or requests for information from any Taxing Authority concerning any Liability Issue.

• PKS and KMC shall promptly furnish each other copies of any inquiries or requests for information or other correspondence from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any such Liability Issue.

• Without limiting the generality of the foregoing, each Party shall promptly furnish to the other Party, upon receipt, a copy of any revenue agent's report or similar report, notice of proposed adjustment or notice of deficiency received by such Party or any of its Affiliates, as the case may be, relating to any Liability Issue or any adjustment referred to in Section 6.01(c), below.

• Ensign shall promptly furnish to SpinCo copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to SpinCo.

• The participation rights described in the previous sentence shall include participation in all conferences, meetings or proceedings with any Taxing Authority, the subject matter of which includes the KMC Liability Issue and participation in the preparation of documentation, protests, memoranda of fact and law and briefs with respect to the KMC Liability Issue.

• Torchmark and WRFI shall promptly furnish each other copies of any inquiries, audits or other proceedings, requests for information, notices, proposed adjustments, proposed deficiencies and reports from any Taxing Authority or any other administrative, judicial or other governmental authority concerning or that could concern a Liability Issue of the other.

More Definitions of Liability Issue

Liability Issue shall have the meaning set forth in Section 4.2.

Liability Issue. ▇▇▇▇ ▇▇▇ and HBI shall promptly furnish each other copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to the other party. Without limiting the foregoing, ▇▇▇▇ ▇▇▇ and HBI, as the case may be, shall each promptly furnish to the other within 30 days of receipt a copy of the relevant section of the revenue agent’s report or similar report, notice of proposed adjustment, or notice of deficiency received by ▇▇▇▇ ▇▇▇ or its Affiliate or by HBI or its Affiliate, as the case may be, relating to any Liability Issue or any adjustment referred to in this Section 5.2(c).

Liability Issue shall have the meaning set forth in Section 4.2. 1.16 "Liberty" shall have the meaning set forth on page 1 of this Agreement. 1.17 "Liberty/WRFI Spinoff" shall have the meaning set forth on page 1 of this Agreement. 1.18 "Nuevo Expense" shall have the meaning set forth on page 1 of this Agreement. 1.19 "Nuevo Expense Distribution" shall have the meaning set forth on page 1 of this Agreement. 1.20 "Offering" shall have the meaning set forth on page 1 of this Agreement. 1.21 "Offering Date" shall mean the last day on which, due to the issuance of shares of WRFI stock in the Offering, WRFI could be considered a member of the Torchmark Group. 1.22 "Payor" shall have the meaning set forth in Section 2.5. 1.23 "Payee" shall have the meaning set forth in Section 2.5. 1.24 "Period After Offering" shall mean any taxable year or other taxable period beginning after the Offering Date and, in the case of any taxable year or other taxable period that begins before and ends after the Offering Date, that part of the taxable year or other taxable period that begins after the close of the Offering Date. 1.25 "Period Before Offering" shall mean any taxable year or other taxable period that ends on or before the Offering Date and, in the case of any taxable year or other

Liability Issue has the meaning set forth in Section 9.5(g)(ii).